Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 345.30

                   An amount is not assessable income and is not * exempt income of an * FHSA provider if:

                     (a)  the amount is paid from an * FHSA to the FHSA provider to enable the provider to make a payment of a kind mentioned in paragraph 31(1)(h) of the First Home Saver Accounts Act 2008 ; and

                     (b)  the provider is an ADI.

Table of sections

345-50      Credits to and payments from FHSAs etc.