Commonwealth Consolidated Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 - SECT 31

    The following conditions must be met:

  (a)   the subsidised borrower, or the subsidised borrower and his or her partner together, must hold a 50% or greater interest in the land:

  (i)   no matter whether the interest is held individually, as joint tenants or as tenants in common; and

  (ii)   no matter whether the interest is legal or equitable;

  (b)   no part of the interest in land must be held as a trustee or as a beneficiary of a trust;

  (c)   the land must be in Australia.