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StatuteSocial Security Act 2018

Section Sch3-18 — Social Security Act 2018: How accommodation costs affected by debt insurance payment in relation to mortgage security

Text of the provision Official document

18 How accommodation costs affected by debt insurance payment in relation to mortgage security (1) This clause applies to a person if a debt insurance payment in relation to a mortgage security is made to the person, or to some other person— (a) on the person’s behalf; or (b) for the person’s benefit. (2) For the purposes of the definition in section 65 of accommodation costs, the payments required to be made by that person under that mortgage security are taken to be reduced by the amount of the debt insurance payment. Compare: 1964 No 136 s 68A(1)

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.