Territory Stories

Regulations 2003 No.3 of 2002 Amendment of Housing Assistance Schemes Regulations

Details:

Title

Regulations 2003 No.3 of 2002 Amendment of Housing Assistance Schemes Regulations

Other title

Tabled paper 771

Collection

Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT

Date

2003-02-18

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/286277

Citation address

https://hdl.handle.net/10070/405749

Page content

Housing Assistance Schemes Regulations (ii) the proportion of the purchase price of the house, premises or block and house that represents the difference between that purchase price and the proceeds of the sale of the share of the person making the application in the dwelling purchased by way of the housing loan granted under clause 5; (iii) the value, as at the date of the purchase of the dwelling purchased by way of the housing loan granted under clause 5, of the interest of the Chief Executive Officer (Housing) in that dwelling; (b) that the person making the application is to purchase a first share in the house, premises or block and house that is equal to the purchase price of the house or premises, or the price to purchase the block and erect the house on the block, less the value of the interest of the Chief Executive Officer (Housing) in that house, premises or block and house; (c) that on repayment of the loan advanced in respect of that first share, the person making the application is to purchase a second and final share being the whole of the interest of the Chief Executive Officer (Housing) in the house, premises or block and house; (d) that the person making the application has the right to possess the house, premises or block and house and that the person, in consideration thereof, is to make payments in respect of the rates, taxes, charges and other outgoings in respect of the house, premises or block and house; (e) that, if the person making the application, without fault, at any time during the term of the agreement, wishes to sell the house, premises or block and house, the Chief Executive Officer (Housing) is not to withhold its consent to the sale unless there are reasonable grounds for doing so. "(ID) The Chief Executive Officer (Housing) must not grant an application under subclause (l)(a) unless it is satisfied that the person making the application will, if the application is granted, purchase and apply, in accordance with guidelines from time to time published by the Chief Executive Officer (Housing), all the proceeds received by the person from the sale of the dwelling referred to in clause 10(1) towards the purchase of the house or premises, or the purchase of the residential block and erection of the house on the block, as specified in the application."; (i) by omitting clause 11 (2)(b) and substituting the following: 8