Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.9.08E

                For paragraph 1016A (2) (f) of the Act, the following situation in which a restricted issue occurs is prescribed:

                (a)    an FHSA has become inactive as described in subsection 22 (1) of the First Home Saver Accounts Act 2008 ;

               (b)    the FHSA provider has sought to pay the entire balance of the FHSA to the superannuation interest mentioned in subsection 22 (3) of that Act.