Commonwealth Numbered Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 36

             (1)  A Government FHSA contribution is payable under this Act for a person for a financial year if:

                     (a)  the person is an individual; and

                     (b)  one or more personal FHSA contributions are made during the financial year for the person; and

                     (c)  either:

                              (i)  the person has lodged an income tax return for the income year corresponding to the financial year; or

                             (ii)  the person has given a notice in accordance with section 37 for the income year corresponding to the financial year; and

                     (d)  the return or notice (as the case requires) states that the person satisfied the residency requirement in subsection (2) for at least part of the income year corresponding to the financial year; and

                     (e)  the person satisfied the residency requirement in subsection (2) for at least part of the income year corresponding to the financial year.

             (2)  The residency requirement is that the person is a resident of Australia for the purposes of the Income Tax Assessment Act 1936 .