Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 (70 of 2015)
Schedule 1 First Home Saver Accounts
Part 4 Application and transitional provisions
Division 2 General provisions
196 No new FHSAs
(1) An account, life policy or beneficial interest opened or issued after 7:30 pm (by legal time in the Australian Capital Territory) on 13 May 2014 is not, and never was, an FHSA.
(2) Subitem (1) does not apply if:
(a) the application for that opening or issuing (see paragraph 19(1)(a) of the FHSA Act) was given to the provider before that 7:30 pm; and
(b) the account, life policy or beneficial interest was opened or issued on or before 30 June 2015.
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