Commonwealth Numbered Acts

LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 No. 206, 1976 - SECT 17

17. (1) A person who is the depositor in respect of a particular deposit may,
at any time after the expiration of a period of 12 months after the date on
which the deposit was made, make a request to the authorized person for the
repayment of the whole of the deposit, or of so much of the deposit as is
specified in the request.

(2) In the case of a particular person in relation to whom there are 2 or more
deposits (whether made by the person otherwise than in the capacity of a
trustee or made by a trustee on behalf of the person), being deposits in
respect of each of which an unrecouped income tax deduction exists, a request
shall not be made under this section in respect of any one of those deposits
that was made on a date later than the date on which another of those deposits
was made unless a request is also made under this section in respect of so
much of each such deposit that was made before the first-mentioned date as has
not become repayable.

(3) Where a request is made to the authorized person in accordance with this
section in respect of a deposit or part of a deposit, the deposit, or the part
of a deposit, as the case may be, becomes repayable on the date on which the
request is made.