Commonwealth of Australia Consolidated Acts Commonwealth of Australia Consolidated ActsFHSAs (short for first home saver accounts) are accounts, life policies and interests in trusts that comply with requirements in the First Home Saver Accounts Act 2008 .
This Division sets out the income tax treatment of the financial institutions that provide FHSAs (Subdivision 345-A) and of individuals that hold FHSAs (Subdivision 345-B).
Certain payments from FHSAs are subject to FHSA misuse tax (Subdivision 345-C).
Table of sections
345-5 FHSA provider that is trustee of FHSA trust--tax payable
345-10 FHSA provider that is trustee of FHSA trust--CGT to be primary code for calculating gains or losses
345-15 FHSA provider that is an ADI (other than RSA provider)--taxable income and standard component of taxable income
345-20 FHSA provider that is an ADI--FHSA component of taxable income
345-25 FHSA provider that is an ADI (other than an RSA provider)--amounts that cannot be deducted
345-30 Amounts of tax paid by FHSA providers that are ADIs