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 amount used to discharge the mortgage, for the purposes of purchasing a house or premises, or purchasing a residential block and erecting a house on the block, as specified in the application"; (f) by inserting after clause 10(1) the following: "(1A) A person may not make an application under subclause (1) unless (a) the person's gross weekly income is not more than SI 100; and (b) the person does not own a house or premises or a share in a house or premises (other than the dwelling or share in the dwelling the subject of the housing loan granted under clause 5) in the Territory or in a State or another Territory of the Commonwealth. "(IB) If a person making an application under subclause (1) wants the house, premises or residential block and house to be erected on the block to be held under a tenancy in common together with the Chief Executive Officer (Housing), the person must specify that fact in the application."; (g) by omitting from clause ll(l)(a) "subclause" and substituting "subclauses (1A) and"; (h) by inserting after clause 11 (1) the following: "(1A) The Chief Executive Officer (Housing) must not grant an application referred to in clause 10(1B) unless satisfied that, unless the application is granted, the person making the application is not likely to be able to acquire premises to live in that are of an appropriate standard having regard to his or her circumstances. "(IB) If the Chief Executive Officer (Housing) grants the application for the purchase of a house or premises, or the purchase of a residential block and erection of a house on the block, by the person making the application and the Chief Executive Officer (Housing) as tenants in common, the Chief Executive Officer (Housing) and the person making the application must enter into an agreement relating to the ownership of the house, premises or block and house. "(1C) An agreement under subclause (1A) is to make provision for the following terms and conditions: (a) that the value of the interest of the Chief Executive Officer (Housing) in the house, premises or block and house is to be the least of the following: (i) 30% of the market value of the house, premises or block and house; 7


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