FIRST HOME SAVER ACCOUNTS ACT 2008 [ REPEALED]
(a) a Government FHSA contribution for a person is paid to an FHSA provider or a superannuation provider; and
(b) the provider has not paid the contribution to an FHSA held by the person, or to a superannuation interest of the person in a complying superannuation plan, by the end of the 28th day after the day on which the contribution was paid to the provider;
(c) is liable to repay the contribution to the Commonwealth; and
(d) must advise the Commissioner of the repayment, in the approved form, when the contribution is repaid.
Section 52 provides for the imposition of general interest charge if the contribution is not repaid within a certain period.
Section 286-75 in Schedule 1 to the Taxation Administration Act 1953 provides an administrative penalty for breach of paragraph (1)(d). A breach of that paragraph may also be an offence under section 8C of that Act.43(2)
The amount is due and payable 7 days after the day on which the provider first becomes liable to repay the contribution.