Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Act 2017 (132 of 2017)
Schedule 1 First home super saver scheme
Part 3 Other amendments
Division 1 Definitions
Income Tax Assessment Act 1997
21 Subsection 995-1(1)
Insert:
assessable FHSS released amount , for an income year, means the amount included in a person's assessable income for the income year under section 313-20 in respect of the person's *FHSS released amounts.
assessed first home super saver tax means *first home super saver tax, as assessed under Schedule 1 to the Taxation Administration Act 1953.
FHSS eligible concessional contribution for a *financial year means a *concessional contribution for the financial year that is eligible to be released under section 138-35 in Schedule 1 to the Taxation Administration Act 1953.
FHSS eligible non-concessional contribution for a *financial year means a *non-concessional contribution for the financial year that is eligible to be released under section 138-35 in Schedule 1 to the Taxation Administration Act 1953.
FHSS maximum release amount has the meaning given by section 138-25 in Schedule 1 to the Taxation Administration Act 1953.
FHSS releasable contributions amount has the meaning given by subsection 138-30(1) in Schedule 1 to the Taxation Administration Act 1953.
FHSS released amounts has the meaning given by section 313-10.
first home super saver determination has the meaning given by subsection 138-10(1) in Schedule 1 to the Taxation Administration Act 1953.
first home super saver scheme means the scheme set out in:
(a) Division 313; and
(b) Division 138 in Schedule 1 to the Taxation Administration Act 1953;
and other provisions as they relate to those Divisions.
first home super saver tax means the tax imposed by the First Home Super Saver Tax Act 2017.