Housing Australia Investment Mandate Direction 2018
29CBTimeframe requirements
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29CB Timeframe requirements
(1) The timeframe requirements, in relation to a loan agreement for the construction of a dwelling, are that: (a) the construction of the dwelling must commence within 12 months of the day on which the applicant becomes the registered owner of the relevant property (the transfer date); and (b) the construction must be completed within 36 months of the transfer date. (2) If Housing Australia is satisfied that it is necessary or appropriate to adjust the timeframes in subsection (1) in relation to a particular case, in response to the circumstances of the case, then the timeframe requirements are the requirements specified by Housing Australia by notice given, in writing, to the eligible lender.