Document ID: chunk:federal_register_of_legislation:C2024C00637:section:19
Version: federal_register_of_legislation:C2024C00637
Segment Type: section
Provision Reference: s 19
Character Range: 27243–28026

19  Decision to give subsidy certificate—loan discharged due to destruction or compulsory sale of house
  The Secretary must give a subsidy certificate to the applicant if the Secretary is satisfied that:
 (a) a subsidised loan to the applicant is discharged because property that secured the loan is:
 (i) destroyed; or
 (ii) compulsorily acquired under a law of the Commonwealth, a State or a Territory; or
 (iii) sold or transferred under an order of a court, other than an order made under the Bankruptcy Act 1966 or in proceedings for the recovery of a debt; and
 (b) the applicant was a subsidised borrower in respect of the subsidised loan immediately before the loan was discharged; and
 (c) the application is made within 12 months after the subsidised loan is discharged.