FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 2 - KEY CONCEPTS AND OTHER DEFINITIONS  

Division 1 - Key concepts  

SECTION 10   Meanings of provide and FHSA provider  

10(1)    
An entity provides an FHSA if:


(a) for an FHSA that is an account - the entity is the ADI that accepts, or has accepted, contributions to the account; or


(b) for an FHSA that is a life policy - the entity is the life insurance company that provides the policy; or


(c) for an FHSA that is a beneficial interest in a trust - the entity is the trustee of the trust.

10(2)    
An entity that provides an FHSA is an FHSA provider .


 

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