Div 4Sale of houses and housing land

Division 4 — Sale of houses and housing land

32. Application of this Division 23

33. Terms and conditions of sale 24

34. Limit on amount of unpaid purchase money 25

Part IV — Provision by the Authority of financial assistance for housing

Division 1 — Loans

35. Reference to house 26

36. Loans to assist eligible persons 26

37. Loans to persons generally to purchase land from Authority 27

38. Loans to persons generally to improve houses 27

39. Method of making loan 27

40. Limit on amount to be lent 28

41. Security for repayment of loan 28

42. Interest on loans 29

43. Normal legal relationships to apply 29

44. Protection of Authority’s interest 29

45. Authority to obtain reports as to expenditure of loans 30

Division 2 — Guarantees and subsidies

46. Guarantee by Authority in certain cases 30

47. Payment of subsidies on account of loans made to eligible persons 31

Part V — Arrangements and agreements as to housing finance

Division 1 — Arrangements with the Commonwealth

48. Terms used 32

49. Financial assistance from Commonwealth: powers of Minister and Authority 32

50. Housing assistance under agreements 33

51. Regulations as to administration of agreements 34

Division 2 — Agreements with lending institutions

52. Terms used and effect 34

53. Power to make loan agreements 35

54. Terms and conditions of agreement 35

55. Floating security and charge 36

56. Lending institution may give securities 38

57. Property and assets of lending institution may be released 38

58. Power of inspection of affairs of lending institution 39

59. Special powers of lending institutions to make advances of moneys, other than by way of mortgage 39