Commonwealth Numbered Acts

DEFENCE FORCE (HOME LOANS ASSISTANCE) ACT 1990 No. 14 of 1991 - SECT 5

5. (1) For the purposes of paragraphs 15 (1) (b) and 20 (2) (d), a person who
is a part owner of a house is taken to own the house if:

   (a)  the person owns an interest in the house that is more than a half
        interest; or

   (b)  the person owns, together with his or her spouse or child or children,
        an interest in the house that is more than a half interest; or

   (c)  the person owns an interest in the house that, when added to any other
        interest in the house owned separately by the person's spouse or child
        or children, is more than a half interest.

(2) In this section:

"interest" includes a legal or equitable interest and a life interest, but
does not include an interest as lessee unless the relevant lease is a Crown
lease for a term of more than 50 years.