First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)

Schedule 1   Main taxation related amendments

Income Tax Rates Act 1986

51   After subsection 23(3)

Insert:

(3A) The rates of tax in respect of the taxable income of a company that is an ADI and an FHSA provider (but not an RSA provider) are:

(a) in respect of the FHSA component - 15%; and

(b) in respect of the standard component - 30%.