First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)
Schedule 1 Main taxation related amendments
Income Tax Assessment Act 1997
24 After section 295-170
Insert:
295-171 Exception - payments from FHSAs and Government FHSA contributions
Item 1 of the table in section 295-160 does not include in assessable income a contribution that is:
(a) a payment from an *FHSA required under section 22 or 34 of the First Home Saver Accounts Act 2008; or
(b) a *Government FHSA contribution.
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