17ACriteria for issue of certificate of entitlement: joint ownership

#### 17A Criteria for issue of certificate of entitlement: joint ownership (1) The Secretary must not issue a certificate of entitlement under this Part to an applicant if the applicant’s interest or right is in the form of a joint tenancy, unless the Secretary is satisfied that: (a) the application was made by a person and his or her spouse or de facto partner who, under subsection 4A(1), are treated together as an eligible person for the purposes of this Act; or (b) the only other joint tenant is the applicant’s spouse or de facto partner, who is also an eligible person. (2) The Secretary must not issue a certificate of entitlement under this Part to an applicant if the applicant’s interest or right is in the form of a tenancy in common, unless the Secretary is satisfied that the interest or right, at the time when the application was lodged, would have had a value, if it were unencumbered, of not less than the sum of: (a) all advances in relation to the applicant, in respect of which subsidy is payable; and (b) the advance to which the certificate would relate. (3) In this section: > interest or right, in relation to an applicant, means the applicant’s interest or proposed interest concerned in respect of a holding, or the applicant’s right or proposed right of residence concerned in respect of a retirement village (as the case requires).