Commonwealth Numbered Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 8

                   An individual's account, life policy or beneficial interest in a trust is an FHSA (short for first home saver account) if:

                     (a)  it is described as an FHSA; and

                     (b)  it is opened or issued on or after 1 October 2008 (or a later day (if any) specified in the regulations); and

                     (c)  it is:

                              (i)  an account to which an ADI accepts, or has accepted, contributions; or

                             (ii)  a life policy issued by a life insurance company; or

                            (iii)  a beneficial interest in a trust constituted by a deed, the trustee of which holds an authorisation as an FHSA provider.