20Decision to give subsidy certificate—loan discharged due to compensable condition

20 Decision to give subsidy certificate—loan discharged due to compensable condition

The Secretary must give a subsidy certificate to the applicant if the Secretary is satisfied that: (a) on or after 1 July 2008, the applicant stopped being a member of the Defence Force because of a compensable condition; and (b) a subsidised loan to the applicant is discharged because property that secured the loan is sold or transferred; and (c) the Secretary is satisfied that the sale or transfer was reasonably necessary because of the applicant’s compensable condition; and (d) the applicant was a subsidised borrower in respect of the subsidised loan immediately before the loan was discharged; and (e) the application is made within 12 months after the subsidised loan is discharged.