Regulations 2003 No.3 of 2002 Amendment of Housing Assistance Schemes Regulations
Tabled paper 771
Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT
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Housing Assistance Schemes Regulations (iii) the value, as at the date of the purchase of the house purchased by way of the housing loan granted under clause 5, of the interest of the Chief Executive Officer (Housing) in that house; (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."; (1) by omitting from clause 11(2) all the words after "clause 10(1)" and substituting "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"; (m) by omitting from clause 11 (3)(b)(i) "the other premises or the residential block" and substituting "premises or block and house to be erected on the block"; (n) 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; or 5
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