Treasury Laws Amendment (2023 Measures No. 3) Act 2023 (75 of 2023)

Schedule 4   Improving the flexibility of the First Home Super Saver Scheme

Taxation Administration Act 1953

28   Application of amendments etc.

(1) The amendments made by this Schedule apply in relation to first home super saver determinations made, or to be made, on or after 1 July 2018.

(2) However, the amendments made by this Schedule of the following provisions apply in relation to first home super saver determinations made, or to be made, on or after the commencement of this Schedule:

(a) paragraph 138-10(2)(a) in Schedule 1 to the Taxation Administration Act 1953;

(b) subsection 313-40(2) of the Income Tax Assessment Act 1997.

(3) Subitem (4) applies for the purposes of subsection 313-35(1) of the Income Tax Assessment Act 1997, if the first home super saver determination mentioned in paragraph (a) of that subsection is made before the commencement of this Schedule.

(4) Treat the reference in subparagraph 313-35(1)(c)(i) of that Act (as inserted by this Schedule) to "90 days" as instead being a reference to "14 days".