Document ID: chunk:federal_register_of_legislation:C2004A05067:schedule:1:p8
Version: federal_register_of_legislation:C2004A05067
Segment Type: schedule
Provision Reference: sch 1 (pt 8/8)
Character Range: 19708–20899

before the day on which this Act receives the Royal Assent.

    (3) If, during a period:

         (a) beginning on or after the day on which item 5 commences or is taken to have commenced; and

       (b) ending before 1 June 1997;

      the Bank calculates and charges interest in respect of subsidised advances and amounts owed under loans secured by specified portfolio agreements as permitted by subitem (2), the agreement applies, in respect of that period in relation to those subsidised advances and loans:

         (c) as in force immediately before the day on which this Act receives the Royal Assent; and

       (d) as if section 35A of the Defence Service Homes Act 1918 had not been enacted.

      (4) The Bank and the Commonwealth are to try, so far as possible, to arrange for a notice to be given to each borrower, mortgagor or guarantor explaining the effect, on and after the day on which item 5 commences or is taken to have commenced, of subsections35 A(1) to (3) of the Defence Service Homes Act 1918.

      (5) Expressions used in this section that are defined by subsection 4(1) of the Defence Service Homes Act 1918 have the same meanings as in that subsection.