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7.2.4 Observations


The delegate may decide to recover the subsidy paid by way of instalments. The amount of these instalments is to be specified in writing to the borrower. This decision should be made having regard to the financial circumstances of the borrower and the amount to be recovered.

If it becomes uneconomic to recover the subsidy, either in whole or in part, the delegate may decide to waive payment of the subsidy or to write off the amount payable.

Cancellation and recovery of subsidy does not in itself alter the eligibility status of an eligible person nor affect that person's right to apply for a further subsidised advance under the portability provisions.