S 345-50 repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015. S 345-50 formerly read:
SECTION 345-50 Credits to and payments from FHSAs etc.
345-50(1)
An amount of earnings or other return credited to an *FHSA you hold is not your assessable income and is not your *exempt income.
345-50(2)
A payment made from an *FHSA you hold is not your assessable income and is not your *exempt income.
345-50(3)
A *Government FHSA contribution payable for you in accordance with the
First Home Saver Accounts Act 2008
, and paid in accordance with Part 4 of that Act, is not your assessable income and is not your *exempt income.
345-50(4)
A *capital gain or *capital loss that you make from a *CGT event happening in relation to a right to, or any part of, an *FHSA that you hold is disregarded.
S 345-50 inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.
View history note
Hide history note