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

Schedule 7   Other amendments relating to changes of references to virtual PST etc.

Income Tax Assessment Act 1997

39   Subsection 713-545(6) (formula)

Repeal the formula, substitute:

[surplus mentioned in paragraph (1)(c) - Amount worked out under subsection (4)] * [(Complying superannuation/FHSA class rate) / (ordinary class tax rate)]