Commonwealth Numbered Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 128

                   If a holder of an FHSA becomes a bankrupt, within the meaning of subsection 5(1) of the Bankruptcy Act 1966 , nothing in this Act or the regulations prevents the FHSA provider from paying to the trustee in bankruptcy an amount out of the FHSA that is property divisible amongst the FHSA holder's creditors, within the meaning of section  116 of the Bankruptcy Act 1966 .