3.4.2 Purposes

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.

Source URL: https://clik.dva.gov.au/health-policy-library/defence-service-homes-dsh/general-orders/entitlement/advances-initial-additional-and-further/3-policy/34-additional-advance/342-purposes