Document ID: chunk:federal_register_of_legislation:C2024C00637:section:39
Version: federal_register_of_legislation:C2024C00637
Segment Type: section
Provision Reference: s 39
Character Range: 49208–50132

39  When subsidy stops being payable—occupation of house as a home (non‑building loan)

Scope
 (1) This section applies if the subsidised loan is:
 (a) for the purpose covered by paragraph 30(1)(a) (to buy a house and land), or to discharge another loan for that purpose; and
 (b) not for the purpose of building work, or to discharge another loan for such a purpose.

Subsidy condition
 (2) At any time during the period covered by subsection (3), the subsidised borrower, or a partner or dependant of the subsidised borrower, must occupy a house on the land as a home.
 (3) This subsection covers the period:
 (a) starting on the first authorisation day for the subsidy; and
 (b) ending:
 (i) 1 year after that day; or
 (ii) if the Secretary is satisfied that there are service requirements, or exceptional circumstances, justifying a shorter period of occupation—at an earlier time approved by the Secretary in writing.