FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
The balance of an FHSA held by a person is unclaimed money in relation to the person if:
(a) no contributions have been made to, and no payments (other than a payment of a kind mentioned in paragraph 31(1)(f), (g) or (h) ) have been made from, the FHSA for a period of at least:
(i) 3 years; or
(ii) if a greater number of years is specified in the regulations - that greater number of years; and
(b) after the end of that period the FHSA provider has been unable to contact the person after making reasonable efforts.
View history note
Hide history note17A(2)
Subsection (1) has effect subject to subsections (3) and (4).
17A(3)
The regulations may provide that the balance of a specified FHSA held by a person is unclaimed money in relation to the person if, and only if, the conditions specified in the regulations are satisfied.
Note:
For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .
17A(4)
Subsection (1) does not apply to an FHSA specified in the regulations.
Note:
For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
