14Application for approval in relation to loan increase

14 Application for approval in relation to loan increase

(1) A subsidised borrower who: (a) has obtained an advanced amount of less than $80,000; and (b) wishes to increase that amount; may apply to the Secretary for approval of the payment of subsidy in respect of the increase. (2) An application must be in the approved form. (3) An application by a person who has resigned, retired or been discharged from the Defence Force (other than a rejoining member) must be made within 2 years after the day on which the resignation, retirement or discharge took effect. (3A) Subsection (3) does not apply to a person who has been an operational service member under subsection 3A(1). (4) An application by a person who is not an eligible person but who is the surviving spouse or de facto partner of a deceased eligible person must be made within 2 years after: (a) if the eligible person was not a member—his or her resignation, retirement or discharge from the Defence Force took effect; or (b) in any other case—the death of the eligible person. (5) Subsection (4) does not apply if the deceased eligible person was, or had been, an operational service member under subsection 3A(1).