19Grant not payable unless certain conditions satisfied

19 Grant not payable unless certain conditions satisfied

(2) A grant shall not be made in respect of a dwelling in relation to which paragraph 15(1)(c) applies unless the dwelling has been completed or the Secretary is satisfied that substantial progress on the construction has been made. (3) A grant shall not be made in respect of a dwelling unless the Secretary is satisfied that the applicant has or will have, or the applicants have or will have, adequate financial resources (including resources obtained or to be obtained by borrowing) to perform in relation to the dwelling the contract referred to in paragraph 15(1)(a) or (b), or to complete the construction referred to in paragraph 15(1)(c), as the case may be. (4) Subsection (3) does not apply in relation to a contract for the purchase of a dwelling, being a contract that provides for the payment of the whole or part of the purchase price by instalments, if the Secretary is satisfied that it would be unreasonable for that subsection to apply having regard to all the circumstances. (5) A grant shall not be made to a sole applicant or to joint applicants unless the sole applicant or at least one of the joint applicants is: (a) an Australian citizen; or (b) a person normally resident in Australia whose continued presence in Australia is not subject to any limitation as to time imposed by law. (6) A grant shall not be made to a sole applicant or to joint applicants if the amount of the prescribed earnings of the applicant or applicants, as the case may be, exceeds the amount that is the higher relevant amount for the purposes of subsection 39(4).