FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
Work out the amount of a Government FHSA contribution for a person for a financial year in accordance with this section.
38(2)
First work out the following (the covered contributions ):
(a) add up the personal FHSA contributions that were made during the financial year for the person; and
(b) if the total exceeds the Government FHSA contribution threshold for that financial year (see section 39 ) - disregard the excess.
38(3)
The amount of the Government FHSA contribution is the covered contributions multiplied by 17 % .
38(4)
If (apart from this subsection) the amount of the Government FHSA contribution would be less than $ 20, the amount of the Government FHSA contribution is increased to $ 20.
38(5)
If (apart from this subsection) the amount of the Government FHSA contribution would fall short of a multiple of $ 1, the amount of the Government FHSA contribution is increased by that shortfall.
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