WAR SERVICE HOMES.
No. 67 of 1948.
An Act to amend the War Service Homes Act 1918-1947.
[Assented to 9th December, 1948.]
[Date of commencement, 6th January, 1949.]
BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—
Short title and citation.
1.—(1.) This Act may be cited as the War Service Homes Act 1948.
(2.) The War Service Homes Act 1918-1947 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the War Service Homes Act 1918-1948.
Insurance of dwelling-houses, &c.
2. Section thirty-eight of the Principal Act is amended—
(a) by omitting sub-section (1.) and inserting in its stead the following sub-section:—
“(1.) Every dwelling house in which the Director has an interest, and all building material on the site of, and for use in the erection of, a dwelling house in which the Director has or will have an interest, shall be insured as prescribed against fire and prescribed risks.”; and
(b) by inserting after sub-section (1.) the following sub-section:—
“(1a.) The regulations may make provision for or in relation to the voluntary insurance, against fire and prescribed risks, of a dwelling-house which—
(a) has been, at any time before or after the commencement of this sub-section, but has ceased to be, the subject of a contract of sale or mortgage entered into in pursuance of this Act; and
(b) is owned by—
(i) a person who was a borrower or purchaser under this Act in respect of that dwelling-house;
(ii) the widow of any such person; or
(iii) the personal representatives of any such person or widow.”.
War Service Homes Insurance Trust Account.
3. Section forty of the Principal Act is amended by omitting sub-section (3.) and inserting in its stead the following sub-section:—
“(3.) To that Trust Account there shall be debited all expenditure of the Director in connexion with insurance under this Act.”.
Adjustment on destruction of, or damage to, property.
4. Section forty-one of the Principal Act is amended by inserting after the words “in pursuance of” the words “sub-section (1.) of section thirty-eight of”.