Homes Savings Grant Acts Amendment Act 1982

Overview

The Homes Savings Grant Acts Amendment Act 1982 was enacted to address the need to terminate the operation of the Homes Savings Grant Act 1964 and the Homes Savings Grant Act 1976, thus reflecting a shift in policy towards a different approach to home savings grants. This Act was passed by the Queen, with the assent of both the Senate and the House of Representatives of the Commonwealth of Australia, on 2 June 1982. It aimed to streamline the administration and operation of these grants by making specific amendments to both the 1964 and 1976 Acts. The policy objective was to ensure a smooth transition from the old grant system to the new Home Deposit Assistance Act 1982.

Scope and Application

The Homes Savings Grant Acts Amendment Act 1982 applies to the amendments of the Homes Savings Grant Act 1964 and the Homes Savings Grant Act 1976. The Act governs the eligibility of persons seeking grants and the conditions under which these grants can be applied for or terminated. It is applicable to individuals and entities who are seeking to access the financial assistance provided by these Acts. The Act’s jurisdiction extends across the Commonwealth of Australia, impacting those within its legislative reach who are eligible for or are seeking to apply for a grant under the amended Acts. The Act explicitly excludes any applications for grants that are made after the Home Deposit Assistance Act 1982 receives Royal Assent, thereby limiting the scope of the grants to a specific timeframe. The Act does not provide for subordinate legislation to further define its application, meaning its provisions are confined to the express changes outlined within its sections.

Key Provisions

The Homes Savings Grant Acts Amendment Act 1982 makes significant changes to the Homes Savings Grant Act 1964 and the Homes Savings Grant Act 1976, primarily to terminate their operations. Section 4 of the Act amends Section 21 of the Homes Savings Grant Act 1964, stipulating that no grants will be made if an application is submitted after the Home Deposit Assistance Act 1982 receives Royal Assent. Section 6 amends Section 15 of the Homes Savings Grant Act 1976, modifying the eligibility criteria to include the Home Deposit Assistance Act 1982 and removing certain references to the Act itself. Section 7 of the Act further amends Section 53 of the Homes Savings Grant Act 1976, specifying that a report on the Act's administration and operation is no longer required after 30 June 1984. Additionally, Section 8 introduces a new Section 53a to the Homes Savings Grant Act 1976, which stipulates that grants will not be payable if the application date is after the Royal Assent of the Home Deposit Assistance Act 1982, unless certain conditions are met. The Homes Savings Grant Acts Amendment Act 1982 imposes several obligations on the entities it governs. Firstly, it mandates that no grant applications be processed under the Homes Savings Grant Act 1964 and the Homes Savings Grant Act 1976 after the Home Deposit Assistance Act 1982 receives Royal Assent, as outlined in Sections 4 and 53a. Secondly, the Act modifies the eligibility criteria for grants under the Homes Savings Grant Act 1976, as specified in Section 6. Lastly, the Act removes the requirement for a report on the administration and operation of the Homes Savings Grant Act 1976 after 30 June 1984, as detailed in Section 7. The Act does not explicitly state any offences, penalties, or civil/criminal consequences for breaches of its provisions. However, the termination of grant operations and the specific conditions for application outlined in Sections 4 and 53a suggest that non-compliance with these requirements could result in the denial of grants. The omission of reporting requirements in Section 7 might imply that failure to comply with these changes could lead to administrative oversight or scrutiny, although this is not explicitly detailed in the text.