Income Tax Assessment Act 1997

Div 345 repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015.

Div 345 inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.

Subdiv 345-B repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015.

Subdiv 345-B inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.

S 345-50 repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015. S 345-50 formerly read:

SECTION 345-50 Credits to and payments from FHSAs etc.  
345-50(1)
An amount of earnings or other return credited to an * FHSA you hold is not your assessable income and is not your * exempt income.

345-50(2)
A payment made from an * FHSA you hold is not your assessable income and is not your * exempt income.

345-50(3)
A * Government FHSA contribution payable for you in accordance with the First Home Saver Accounts Act 2008 , and paid in accordance with Part 4 of that Act, is not your assessable income and is not your * exempt income.

345-50(4)
A * capital gain or * capital loss that you make from a * CGT event happening in relation to a right to, or any part of, an * FHSA that you hold is disregarded.

S 345-50 inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.