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

15   After section 131-10 in Schedule 1

Insert:

131-12 Withdrawing or amending your request for a release authority relating to an FHSS determination

(1) You may, by notifying the Commissioner in the *approved form, withdraw or amend your valid request made under section 131-5 if:

(a) your request relates to a *first home super saver determination given to you; and

(b) in the case of amending your request - you satisfy paragraphs 138-10(2)(a) and (b); and

(c) the Commissioner has not already issued a release authority in relation to your request.

(2) Your amended request is treated as a valid request under section 131-5 if it complies with subsection 131-5(2) and paragraphs 131-5(3)(a) and (c).

(3) Withdrawing your request does not prevent you from making a later request under section 131-5 in relation to the *first home super saver determination.