Document ID: chunk:federal_register_of_legislation:C2004A04978:body:0:p2
Version: federal_register_of_legislation:C2004A04978
Segment Type: other
Provision Reference: 
Character Range: 2625–5351

(b) Add at the end "or".

3. Subsection 4(1) (paragraph (e) of the definition of Holding):

Omit "him", substitute "him or her".

4. Subsection 4(1) (paragraph (f) of the definition of Holding):

(a) Omit "he", substitute "he or she".

(b) Add at the end "or".

5. Subsection 4(1) (definition of Holding):

Add at the end:

"(g) land which he or she holds by way of a company title; or

    (h) land of which he or she is the lessee under a lease that the Bank considers is adequate security for a subsidised advance to be made to him or her;".

6. Subsection 4(1) (definition of Holding):

Add at the end:

"Note: An interest in a holding may be a joint interest in accordance with section 4AB.".

7 Subsection 4(1) (definition of retirement village):

Add at the end:

"or (c) a granny flat;".

8. Subsection 4(1) (paragraph (a) of the definition of reviewable decision):

Omit "or a certificate of entitlement", substitute ", a certificate of entitlement or a certificate of assignment".

SCHEDULE 1—continued

9. Subsection 4(1) (after paragraph (d) of the definition of reviewable decision):

Insert:

"(da) cancelling a subsidy under section 27A;".

10. Subsection 4(1):

Insert:

"assigned advance means a subsidised advance to an assignee, in accordance with a certificate of assignment issued under section 23A.

assignee means an assignee referred to in section 23A.

assignor means an assignor referred to in section 23A.

certificate of assignment means a certificate of assignment issued under section 23A.

company title, in relation to land, means a right of occupancy of the land, or of a dwelling-house or part of a dwelling-house erected on the land, arising from the holding of shares in a corporation that has an interest in the land or dwelling-house.

granny flat means any form of residence:

(a) that is the principal home of an eligible person; and

(b) that is not owned, wholly or partly, by the eligible person; and

(c) that is, or is a part of, a private residence; and

(d) in respect of which the eligible person has a right of accommodation for an indefinite period.

lease, in relation to land held by way of company title, includes an agreement similar to a lease.

mortgage includes a security over an interest in shares that are shares giving rise to a company title.".

11. Subsection 4(2A):

Omit "For the purposes of", substitute "Subject to subsection (2AA), for the purposes of".

12. After subsection 4(2A):

Insert:

"(2AA) Subsection (2A) does not apply in relation to a person who, during the Second World War, was:

   (a) a member of the Women's Royal Australian; Naval Service, the Australian Women's Auxiliary Australian Air Force; or

SCHEDULE 1—continued

    (b) a member