25 nov 1976 - Home Ownership Accounts Scheme - changed

Description:

The Home Ownership Savings Amendment Act 1976, provided for the following changes to the Home Ownership Accounts Scheme:
• the maximum amount of eligible savings was increased from $5,250 to $10,250;
• a new provision allowing capitalisation of the Interest Subsidy as an additional Purchase Grant; and
• a new provision allowing the Housing Corporation to advance or lend to the authorised savings institution (where the depositors account is located), and amount, not exceeding the amount of the depositors eligible savings, for the purpose of lending it to the depositor.

Sourcehttps://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html

Ajouté au bande de temps:

Date: