Commonwealth Numbered Acts

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FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 9

Meanings of hold and FHSA holder

             (1)  A person holds an FHSA if:

                     (a)  for an FHSA that is an account--the account is opened solely in the person's name; or

                     (b)  for an FHSA that is a life policy--the person is the sole owner of the life policy; or

                     (c)  for an FHSA that is a beneficial interest in a trust--the person is the sole holder of the interest.

             (2)  A person who holds an FHSA is an FHSA holder .


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