Treasury Legislation Amendment (Unclaimed Money and Other Measures)Act 2012 (176 of 2012)

Schedule 2   First Home Saver Accounts

First Home Saver Accounts Act 2008

3   At the end of section 17A

Add:

(2) Subsection (1) has effect subject to subsections (3) and (4).

(3) The regulations may provide that the balance of a specified FHSA held by a person is unclaimed money in relation to the person if, and only if, the conditions specified in the regulations are satisfied.

Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003.

(4) Subsection (1) does not apply to an FHSA specified in the regulations.

Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003.