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3.4.2 Purposes

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An additional advance may be approved for the following purposes:-

  • to enlarge, modify or repair a person's home or retirement village accommodation;
  • to pay road making charges;
  • to re finance an existing mortgage on the home. 
  • to re finance a debt, owed by the person, in relation to the person's retirement village accommodation.
  • to assist the person to continue holding a right of residence in a retirement village in the case of an assigned advance.