19Decision to give subsidy certificate—loan discharged due to destruction or compulsory sale of house

#### 19 Decision to give subsidy certificate—loan discharged due to destruction or compulsory sale of house The Secretary must give a subsidy certificate to the applicant if the Secretary is satisfied that: (a) a subsidised loan to the applicant is discharged because property that secured the loan is: (i) destroyed; or (ii) compulsorily acquired under a law of the Commonwealth, a State or a Territory; or (iii) sold or transferred under an order of a court, other than an order made under the Bankruptcy Act 1966 or in proceedings for the recovery of a debt; and (b) the applicant was a subsidised borrower in respect of the subsidised loan immediately before the loan was discharged; and (c) the application is made within 12 months after the subsidised loan is discharged.