Commonwealth Numbered Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 78

             (1)  The Commissioner may give an FHSA provider a written notice requiring the provider to give the Commissioner a statement setting out:

                     (a)  information to enable the Commissioner to determine:

                              (i)  whether a Government FHSA contribution is payable for a person; or

                             (ii)  the amount of any Government FHSA contribution payable for a person; or

                     (b)  information to enable the Commissioner to determine to whom the Commissioner should pay a Government FHSA contribution, or an underpaid amount, for a person; or

                     (c)  information to enable the Commissioner to determine:

                              (i)  whether an amount is recoverable under section 50 (which deals with overpayments) in relation to a Government FHSA contribution paid for a person; or

                             (ii)  the overpaid amount in relation to a Government FHSA contribution paid for a person; or

                     (d)  any other matters relating to Government FHSA contributions specified by the regulations.

The notice must specify the period within which the statement must be given to the Commissioner. The period specified must end not less than 21 days after the day on which the notice is given.

             (2)  The FHSA provider commits an offence if the provider fails to comply with the notice.

Penalty:  30 penalty units.

             (3)  The Commissioner may give a notice under subsection (1) at any time and from time to time.