Veterans Affairs committee  Correct. It was a sweetheart rate, obviously, which was to correct the lower—

Veterans Affairs committee  Correct, if a first mortgage were required on the property. There were some rules for those very low loan amounts. Sometimes those payments were allowed to be put toward modifications to an existing house.

Veterans Affairs committee  Those older forms of schemes have since been replaced by a military scheme called the defence home ownership assistance scheme. It's a far more contemporary scheme in terms of the value of subsidization that's applied and more realistic to the value of home loans. The Departmen

Veterans Affairs committee  Mr. Nicholson, there are a number of housing loans that the Australian Government administers for the military. The older form of housing loan was $25,000, as you've mentioned, called the defence services homes loans. That was a very old scheme. There wasn't an income-based test

Veterans Affairs committee  We do have an arrangement whereby we act as an agent for Commonwealth and allied countries, for service people from those countries who reside in Australia, to administer the compensation systems of those countries for their benefits. So there is that arrangement, but the service

Veterans Affairs committee  I'm Carolyn Spiers, the principal legal advisor.