First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)

Schedule 7   Other amendments relating to changes of references to virtual PST etc.

Income Tax Assessment Act 1997

41   Subsection 713-545(6) (before the definition of ordinary class tax rate )

Insert:

complying superannuation/FHSA class tax rate means the rate of tax in respect of the *complying superannuation/FHSA class of the taxable income of a *life insurance company for the income year in which the joining time occurs (see paragraph 23A(b) of the Income Tax Rates Act 1986).