30When subsidy becomes payable—use of subsidised loan

#### 30 When subsidy becomes payable—use of subsidised loan (1) The Secretary must be satisfied that the subsidised loan is used, or is to be used, to do one of the following: (a) to buy the interest in land, if there is a house on the land; (b) to buy the interest in land and undertake work (building work) on the land consisting of any of the following: (i) the construction or the completion of a house, other than a unit, on the land; (ii) the enlargement, renovation or repair of a house on the land; (iii) the construction of any other permanent improvement on the land, if the improvement is used primarily for private or domestic purposes in association with the house; (c) if the subsidised borrower already has an interest in the land—to undertake building work on the land; (d) to discharge another loan used by the subsidised borrower for a purpose mentioned in paragraph (a), (b) or (c). (2) If a house mentioned in subsection (1) is a unit, paragraphs (1)(b) and (c) do not cover building work in relation to any accompanying common property. > Note: For the definitions of house and unit, see section 3.