Document ID: chunk:federal_register_of_legislation:C2004A03717:body:0:p36
Version: federal_register_of_legislation:C2004A03717
Segment Type: other
Provision Reference: 
Character Range: 88878–91943

Bank under section 6b of the Amended Act in respect of which Subsidy is payable.
               Business Day: means a day upon which banks are open for business in Sydney.
               Calendar Year: means a period of twelve (12) months commencing on 1 January.
Certificate of Entitlement:  means a Certificate of Entitlement issued by the Commonwealth to an Entitled Applicant.

               Consideration: means the moneys payable by the Bank in accordance with Clause 3.
               Corporation: means the Defence Service Homes Corporation.
               Corporation advance: means an advance made under Section 20 of the Act as in force before the Date of Proclamation, being an advance made by the Corporation, whether before or after that day.
               Date of Proclamation: means the day on which section 10 of the Amending Act commences.

SCHEDULE 1—continued

               Entitled Applicant: means a person who is determined by the Commonwealth to be entitled to a Corporation Advance, a Subsidised Advance, Instalment Relief or to a Transfer of Land and Subsidy pursuant to the Act and/or the Amended Act.
               Establishment Fees: means any fee charged by the Bank to a Housing Loan Customer relating to or dealing with the Bank's services for the processing and determining of applications for owner occupied housing loans secured by first mortgage or applications for increased loan facilities in relation to housing loans, including the preparation and execution of all associated documentation and payment of such loans, including the management, repayment and discharge of the loan security, excluding all State and Commonwealth Government charges relating to stamping and registration of documents and legal costs and the Bank's standard production and/or settlement fees.
               Excess Credits: means any amount paid by a Borrower in excess of the required monthly instalment on a Portfolio Asset and/or Subsidised Advance other than amounts which the Borrower elects to be applied as prepayment of principal pursuant to Sub-clause 9.7.
               Financial Year: means a period of twelve (12) months commencing on 1 July.
               Housing Loan Customer: means a person who has obtained or requested a loan from the Bank to finance the purchase, construction, extension, repair, or refinance of a dwelling in which it is intended that the person reside and who qualifies in terms of the Bank's lending criteria for owner occupied housing.
               Instalment Relief: means that relief provided to a Borrower by the Bank which is described in Sub-clause 8.4.
               Limit: means the original amount lent to a Borrower, as that amount is:
                (a) reduced by any scheduled repayments of principal (whether made or not) and any prepayments of principal (excluding any moneys held pursuant to a loan interest offset arrangement), and
                (b) increased by the amount of Instalment Relief granted by the Bank pursuant to a Certificate of Entitlement.

SCHEDULE 1—continued