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In the 2014-15 Budget, the government announced the following changes to abolish the first home saver accounts scheme:
Once the first home saver account scheme is abolished from 1 July 2015, these accounts will be treated like any other account held with a provider.
The existing rules will continue to apply until the law is changed.
Tax and Superannuation Laws Amendment (2015 Measures No. 1) Bill 2015External Link was introduced into Parliament on 27 May 2015.
This web page will be regularly updated to reflect progress.
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