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”.