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Advances - Initial, Additional and Further
3 Policy
3.4 Additional Advance
- 3.4.3 Conditions for Assistance
An additional advance is subject to the usual conditions concerning the granting of initial or further advances, ie the tests of eligibility, ownership and occupation have to be met.
3.4.3.1. Assignment. An additional advance may only be assigned where the current initial or further advance has been assigned. This provision may be used to assist a person to continue to hold a right of residence in a retirement village. The advance will be assigned to the provider (the "assignee") who will assume the legal responsibilities for the advance.