First Home Saver Accounts (Further Provisions) Amendment Act 2008 (92 of 2008)

Schedule 2   Amendments commencing the day after Royal Assent

First Home Saver Accounts Act 2008

36   After section 123

Insert:

123A Life insurance companies and ADIs may revoke notice of intention to provide FHSAs

A life insurance company or ADI may, in writing given to APRA, revoke a notice given in accordance with section 123 if the life insurance company or ADI:

(a) does not provide FHSAs; and

(b) does not offer to provide FHSAs.