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 "(b) the difference between (i) the amount required to purchase the house or premises, or purchase the residential block and erect the house on the block, specified in the application; and (ii) the amount of the proceeds referred to in subclause (ID) received by the person,"; (j) by omitting clause 12(b), (c) and (d) and substituting the following: "(b) if the loan is for the purchase of a house or premises - unless the Chief Executive Officer (Housing) is satisfied that the person intends to live in the house or premises specified in the application for the loan; and (c) if the loan is for the purchase of a residential block - unless the Chief Executive Officer (Housing) is satisfied that the person intends to erect a house on the block specified in the application for the loan and live in the house."; (k) by inserting after clause 12 the following: " 12A. LAPSE OF GRANT OF TRANSFER OF LOAN ARRANGEMENTS "(1) Unless otherwise approved, the grant of an application under clause 11(1 )(a) lapses immediately on the expiry of 3 months after the date of the grant unless the person to whom that grant relates (a) has sold the dwelling the subject of the person's housing loan advanced under clause 5; (b) has purchased the house or premises specified in the person's application; or (c) if the loan is for the purchase of a residential block and erection of a house on the block - having purchased the residential block, has erected or, in the opinion of the Chief Executive Officer (Housing), has entered into a binding agreement to erect, a house on the block. "(2) Nothing in subclause (1) prevents a person referred to in that subclause from making a further application under clause 10(1)."; (1) by omitting from clause 13 "dwelling" and substituting "house, premises or residential block and house"; and 9


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