FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
PART 2
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KEY CONCEPTS AND OTHER DEFINITIONS
Division 1
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Key concepts
SECTION 10
Meanings of
provide
and
FHSA provider
10(1)
An entity provides an FHSA if:
(a) for an FHSA that is an account - the entity is the ADI that accepts, or has accepted, contributions to the account; or
(b) for an FHSA that is a life policy - the entity is the life insurance company that provides the policy; or
(c) for an FHSA that is a beneficial interest in a trust - the entity is the trustee of the trust.
10(2)
An entity that provides an FHSA is an FHSA provider .
An entity provides an FHSA if:
(a) for an FHSA that is an account - the entity is the ADI that accepts, or has accepted, contributions to the account; or
(b) for an FHSA that is a life policy - the entity is the life insurance company that provides the policy; or
(c) for an FHSA that is a beneficial interest in a trust - the entity is the trustee of the trust.
10(2)
An entity that provides an FHSA is an FHSA provider .
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