Commonwealth Numbered Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 24

             (1)  An entity that provides an FHSA or offers to provide an FHSA at a time must have nominated in writing, before that time, a complying superannuation plan to be its default superannuation plan for the purposes of paragraph 22(3)(b).

Offence

             (2)  A person commits an offence if the person contravenes subsection (1).

Penalty:  100 penalty units.