Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:1:p5
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 1 (pt 5/51)
Character Range: 173323–176498

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.
Month:                                means a period commencing at the beginning of a day of one of the twelve (12) months of the year and ending immediately before the beginning of the corresponding day of the next month or, if there is no such corresponding day, ending at the expiration of the next month.
Other Portfolio Agreements:           means all guarantees for the payment of moneys due to the Corporation as mortgagee under Portfolio Mortgages including all mortgage insurance contracts, deeds of postponement between the Corporation as first mortgagee and subsequent registered interest holders, other agreements and acknowledgements collateral to the Portfolio Assets.
Portfolio Arrears:                    means the total amount of principal and interest due and unpaid under all Specified Portfolio Assets and all Subsidised Advances.
Portfolio Assets:                     means all Portfolio Mortgages, Portfolio Contracts of Sale, Portfolio Supplementary Agreements, Portfolio Land and Other Portfolio Agreements.
Portfolio Contracts of Sale:          means all existing contracts of sale as at the relevant Vesting Date entered into by the Corporation as vendor of the Portfolio Land.
Portfolio Land:                       means land which is subject to a contract of sale pursuant to Part IV, or Sections 36, 48 or 48C of the Act and which is held by the Corporation as registered