Commonwealth Consolidated Acts

DEFENCE SERVICE HOMES ACT 1918 - SECT 38CA

             (1)  The Commonwealth may undertake insurance of, or in relation to:

                     (a)  a house in respect of which an entitled person has sought a subsidised loan; or

                     (b)  building materials on the site of a house mentioned in paragraph (a), being materials used in the building of, or otherwise in relation to, the house; or

                     (c)  any permanent improvement of a structural kind that has been made to a house mentioned in paragraph (a), or that has been constructed on the land on which such a house is built, and any building materials on the site of, and used in the building of, or in relation to, such an improvement.

             (2)  The Commonwealth may undertake insurance against risks related to the land on which a house mentioned in paragraph (1)(a) is built, or on which a house mentioned in paragraph (1)(b) is being, or is to be, built.

             (3)  In this section:

"house , entitled person , and subsidised loan" have the same respective meanings as in the Home Loans Assistance Act.