Housing Loans Insurance Regulations (Amendment) (Cth)

Statutory Rules

1980 No. 17

REGULATION UNDER THE HOUSING LOANS INSURANCE ACT 1965*

WHEREAS it is provided by sub-section 47 (2) of the Housing Loans Insurance Act 1965 that, after the Housing Loans Insurance Corporation commences to carry on business, regulations declaring interests in land to be prescribed interests for the purposes of that Act, or any regulations amending or repealing any such regulations, shall not be made unless the regulations are in accordance with a recommendation made to the Minister by the Corporation:

AND WHEREAS the Housing Loans Insurance Corporation commenced to carry on business on 26 November 1965:

AND WHEREAS, in pursuance of that sub-section, the Housing Loans Insurance Corporation has made a recommendation to the Minister of State for Housing and Construction that certain interests in land be declared to be prescribed interests for the purposes of that Act:

NOW THEREFORE I, the Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and in accordance with that recommendation, hereby make the following Regulation under the Housing Loans Insurance Act 1965.

Dated this sixth day of February 1980.

ZELMAN COWN

Governor-General

By His Excellency’s Command,

Minister of State for Housing and Construction

 

* Notified in the Commonwealth of Australia Gazette on 13 February 1980.

15294/79 Cat. No. —Recommended retail price 20c 12/27.12.1979

AMENDMENT OF THE HOUSING LOANS INSURANCE REGULATIONS*

Prescribed interests

Regulation 4 of the Housing Loans Insurance Regulations is amended by adding at the end thereof the following sub-regulation:

“(3) An interest as lessee under a lease granted under one of the following Acts of the Northern Territory, namely, the Church Lands Leases Act, the Crown Lands Act, the Darwin Town Area Leases Act and the Special Purposes Leases Act, or under one of those Acts as in force at any time, is declared to be a prescribed interest for the purposes of the Act.”.

 

* Statutory Rules 1978 No. 77.

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