Document ID: chunk:federal_register_of_legislation:C2025C00096:section:24
Version: federal_register_of_legislation:C2025C00096
Segment Type: section
Provision Reference: s 24
Character Range: 99380–100293

24  Subsidy payable by Commonwealth
 (1) Subject to this Part, subsidy is payable by the Commonwealth to a credit provider on a subsidised advance to a person or the assignee of a person.
 (2) Subject to this Part, subsidy is payable by the Commonwealth to the Bank in relation to a specified portfolio asset which vests in the Bank under section 6B, or to any credit provider in relation to a subsidised advance, where the land, land and dwelling‑house or right of residence in a retirement village, to which the specified portfolio asset or advance relates has been transferred to a person to whom a certificate under section 22 has been issued in relation to that transfer.
 (3) Subject to this Part, subsidy is payable by the Commonwealth to the Bank on:
 (a) all specified portfolio assets which vest in the Bank under section 6B; and
 (b) all advances that the Bank is taken to have made under section 37.