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

Schedule 1   Amendments applying from 1 October 2008

Income Tax Assessment Act 1936

6   Subsection 159J(6) (after paragraph (aad) of the definition of separate net income )

Insert:

(aae) does not include an amount of earnings or other return credited to an FHSA; and

(aaf) does not include a Government FHSA contribution (within the meaning of the First Home Saver Accounts Act 2008); and