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First Home Saver Accounts (Further Provisions) Amendment Bill 2008

 

 

 

 

 

 

First Home Saver Accounts (Further Provisions) Amendment Act 2008

 

No. 92, 2008

 

 

 

 

 

An Act to amend the law relating to first home saver accounts, and for other purposes

   

   



Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 2

Schedule 1—Amendments applying from 1 October 2008                               4

Anti-Money Laundering and Counter-Terrorism Financing Act 2006              4

First Home Saver Accounts Act 2008                                                                       4

Fringe Benefits Tax Assessment Act 1986                                                                4

Income Tax Assessment Act 1936                                                                               5

Income Tax Assessment Act 1997                                                                               5

Superannuation (Government Co-contribution for Low Income Earners) Act 2003          8

Taxation Administration Act 1953                                                                            8

Schedule 2—Amendments commencing the day after Royal Assent         9

Australian Securities and Investments Commission Act 2001                             9

Banking Act 1959                                                                                                         9

First Home Saver Accounts Act 2008                                                                       9

Income Tax Assessment Act 1936                                                                             20

Life Insurance Act 1995                                                                                             20

Taxation Administration Act 1953                                                                          20

Schedule 3—Amendments commencing 1 July 2009                                         21

Authorised Deposit-taking Institutions Supervisory Levy Imposition Act 1998 21

Financial Institutions Supervisory Levies Collection Act 1998                       21

Life Insurance Supervisory Levy Imposition Act 1998                                        22

Schedule 4—Amendment contingent on the Family Law Amendment (De Facto Financial Matters and Other Measures) Act 2008                                                                 23

First Home Saver Accounts Act 2008                                                                     23

 



 

 

First Home Saver Accounts (Further Provisions) Amendment Act 2008

No. 92, 2008

 

 

 

An Act to amend the law relating to first home saver accounts, and for other purposes

[ Assented to 30 September 2008 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the First Home Saver Accounts (Further Provisions) Amendment Act 2008 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

30 September 2008

2.  Schedules 1 and 2

The day after this Act receives the Royal Assent.

1 October 2008

3.  Schedule 3

1 July 2009.

1 July 2009

4.  Schedule 4

The later of:

(a) immediately after the commencement of the provision(s) covered by table item 2; and

(b) the commencement of Schedule 1 to the Family Law Amendment (De Facto Financial Matters and Other Measures) Act 2008 .

However, the provision(s) do not commence at all if the event mentioned in paragraph (b) does not occur.

 

Note:          This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

             (2)  Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.