Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:2:p2
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 2 (pt 2/23)
Character Range: 320091–322998

at the same rate that was payable on that balance;
                           (b) where different rates of interest were payable on different parts of the balance referred to in paragraph (a), the amount secured by the mortgage is to be taken to be divided into equivalent parts with the rate of interest payable on each of those parts to be the same as that payable on the equivalent part of the balance;
                           (c) the repayment period for the amount secured by the mortgage to be the period over which the balance referred to in paragraph (a) would have been payable under the contract of sale;
                           (d) the amount of each monthly instalment required to repay the amount secured by the mortgage to be the same instalment required to repay the balance referred to in paragraph (a) under the contract of sale; and
                           (e) such other terms and conditions as are applicable to a subsidised advance within the meaning of the Defence Service Homes Act 1918.".
                     (h) Omit from subsection (8) "this section", substitute "subsection 19(6) of the Act as that provision applies as a term or condition of a portfolio asset which vests in the Bank under subsection 6B(9) of the Defence Service Homes Act 1918".
Subsection 27(1)     Omit "this Act", substitute "the Defence Service Homes Act 1918 as in force before the commencement of section 10 of the Defence Service Homes Amendment Act 1988".
Subsection 27(2)     Omit "this Act or the Regulations thereunder", substitute "the mortgage, contract of sale or other security".
Subsection 29(1)     —
Subsection 29(1A)    —
Subsection 29(1C)    —
Subsection 29AA(3)   Omit "A reduction under the last preceding subsection in the amount of the instalment", substitute "A reduction, approved by the Minister under subsection 29AA(2) of the Defence Service Homes Act 1918 as in force before the commencement of section 10 of the Defence Service Homes Amendment Act 1988 in the amount of the instalment required to be paid under the contract of sale, mortgage or other security".
Subsection 29AA(6)   (a) After "work done" insert "by the Corporation to keep in good order and repair the buildings, fences, fixtures and other improvements on the land".
                     (b) After "payments made" insert "by the Corporation to pay rates, taxes, charges or other outgoings in relation to the land or land and dwelling‑house".
                     (c) Omit "under subsection (4) or subsection (5)", substitute "by the Minister under subsection 29AA(4) or (5) of the Defence Service Homes Act 1918 as in force before the commencement of section 10 of the Defence Service Homes Amendment Act 1988".
                     (d) Omit ", subject to subsection (8),".
Subsection 29AA(7)   After "section 36" insert "as that provision applies as a term or condition of a portfolio asset which vests