FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
PART 3
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ELIGIBILITY, CONTRIBUTION AND PAYMENT RULES
Division 2
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Contributions to FHSAs
SECTION 29
29
Account balance cap
The account balance cap for the 2008-09 financial year is $ 75,000. This amount is indexed annually.
The account balance cap for the 2008-09 financial year is $ 75,000. This amount is indexed annually.
Note:
Section 30 shows how to index this cap. However, the cap only moves by increments of $ 5,000.
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