First Home Saver Accounts (Further Provisions) Amendment Act 2008 (92 of 2008)

Schedule 1   Amendments applying from 1 October 2008

Income Tax Assessment Act 1997

14   At the end of section 205-15

Add:

(3) Despite item 1 or 2 of the table in subsection (1), no credit arises on that part of the payment that is attributable to a payment of income tax in relation to either or both of the following:

(a) an *FHSA component;

(b) an *RSA component.