FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
A contribution to an FHSA or other payment by the Commissioner that is payable under Part 4 of this Act for a person is a Government FHSA contribution of the person.
11(2)
A contribution that a person makes, or that is made for the benefit of the person, to an FHSA held by the person is a personal FHSA contribution of the person (unless the contribution is a Government FHSA contribution of the person).
11(3)
However, a contribution to an FHSA held by a person is not a personal FHSA contribution of the person if:
(a) the contribution is by way of transfer to the FHSA from another FHSA held by the person; or
(b) the contribution is made because of a family law obligation; or
(c) the following conditions are satisfied:
(i) an FHSA home acquisition payment was previously made from an FHSA held by the person;
(ii) the payment satisfies the FHSA payment conditions because of subsection 17(3) ;
(iii) the contribution to the FHSA is by way of a recontribution of all or part of the FHSA home acquisition payment; or
(d) the payment is repaid from the FHSA in accordance with:
(i) subsection 25(2) , 26(2) or 27(2) ; or
(ii) subsection 992A(4) (unsolicited offer of financial product), section 1016F (defective product disclosure document) or section 1019B (cooling-off period) of the Corporations Act 2001 ; or
(e) the contribution is of a kind mentioned in subparagraph 51C(2)(b)(i) (recontribution of unclaimed money).
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