Commonwealth Numbered Acts

DEFENCE SERVICE HOMES ACT 1974 No. 125 of 1974 - SECT 3

3. Section 4 of the Principal Act is amended-

(a) by inserting in sub-section (1), after the definition of "Advance", the
following definition:-



" 'Amount of advance' means-

   (a)  in relation to a contract of sale-the amount by which the purchase
        money under the contract of sale exceeds the deposit payable under
        that contract; or

   (b)  in relation to a contract of advance-the amount of the advance under
        that contract;";

   (b)  by omitting from the definition of "Eligible person" in sub- section
        (1) the words "and, in the case of a male person, satisfies the
        Director that he is married or is about to marry, or has dependants
        for whom it is necessary for him to maintain a home,"; and

   (c)  by omitting from sub-section (1) the definition of "Holding" and
        substituting the following definition:-



" 'Holding', in relation to an applicant or borrower, means-

   (a)  land of which he is the beneficial owner in fee simple;

   (b)  land of which he is the lessee under a Crown lease in perpetuity from
        a State;

   (c)  land of which he is the lessee under a lease granted for a term of not
        less than 99 years from a State or from a local governing body;

   (d)  land in a Territory of which he is the lessee under a lease from
        Australia or from the Administration of the Territory, being-

        (i)    a lease in perpetuity;

        (ii)   a lease granted for a term of not less than 99 years; or

        (iii)  in the case of Norfolk Island-a lease granted for a term of not
               less than 28 years;

   (e)  a suburban holding held by him under the Crown Lands Consolidation
        Act, 1913 of New South Wales or under that Act as amended at any time
        or under an Act enacted in substitution for that Act, being a suburban
        holding an application for which has been confirmed in accordance with
        the law of that State; or

   (f)  a unit defined in a units plan registered in accordance with a law of
        the Australian Capital Territory relating to unit titles, being a unit
        of which he is the lessee under a lease from Australia;".