Replacement Motor Vehicle Grant
Maximum replacement motor vehicle grant
1.
The maximum replacement motor vehicle grant that may be paid to a veteran is an amount representing the difference between the trade-in value or sale price of the previous motor vehicle and the purchase price of the replacement motor vehicle, but, subject to paragraph 3, cannot be greater than $16,000.
Placing the order for the replacement motor vehicle
2.
If the Commission has determined that a veteran is eligible for a replacement motor vehicle under this Scheme, the veteran may place the order for a replacement motor vehicle directly with the supplying motor vehicle dealer, but no grant can be made until after a statement from a motor dealer has been received at an office of the Department in Australia certifying the trade-in value or the sale price of the previous motor vehicle (if the previous motor vehicle was not stolen or destroyed).
Where price of replacement motor vehicle exceeds maximum grant
3.
Subject to paragraph 4 of this Schedule, if the difference between:(a) the trade-in value, the sale price, or the insurer's write-off payment, as the case may be; and
(b) the purchase price of the replacement motor vehicle;
exceeds the amount specified in paragraph 1 of this Schedule, the Commission shall only authorise payment to the supplying motor vehicle dealer of an amount equivalent to the amount set out in paragraph 1 of this Schedule.
Where more than the maximum grant can be authorised
4.
If the Commission is satisfied that the provision of a more expensive motor vehicle is necessary because of the veteran's incapacity from the war-caused injury or war-caused disease, or both, the Commission may authorise payment of the whole or part of the difference in cost between the amount specified in paragraph 1 of this Schedule and the actual purchase price of the replacement motor vehicle.
Payment by Commonwealth only a contribution
5.
Subject to paragraph 4 of this Schedule, any amount authorised by the Commission to be paid to the supplying motor vehicle dealer is only a contribution towards the purchase of the replacement motor vehicle and the Commonwealth is not liable to pay the supplying dealer either in whole or in part the difference between that contribution and the full price of the motor vehicle.