FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 5 - ADMINISTRATION  

Division 2 - Tax file numbers  

Subdivision A - Quotation, use and transfer of FHSA holder ' s tax file number  

SECTION 58   FHSA provider must request FHSA holder to quote tax file number if not quoted previously  

58(1)    
Subject to subsection (3), if:

(a) a person becomes a holder of an FHSA; and

(b) the person has not quoted his or her tax file number to the FHSA provider in connection with the operation or the possible future operation of this Act and the Superannuation Acts, by the time he or she becomes a holder;

the FHSA provider must, before the required time (see subsection (2)), request the person in the approved form to quote his or her tax file number to the FHSA provider in connection with the operation or the possible future operation of this Act and the Superannuation Acts.

Example:

The FHSA provider must make the request if the person quoted the incorrect tax file number in his or her application for the FHSA.

Required time

58(2)    
The required time is the end of the 28th day after the day on which the FHSA provider becomes aware that the person has not quoted his or her tax file number to the FHSA provider in connection with the operation or the possible future operation of this Act and the Superannuation Acts.

Exception

58(3)    
The FHSA provider is not required to make the request if, before the required time, the person quotes his or her tax file number to the FHSA provider in connection with the operation or the possible future operation of this Act and the Superannuation Acts.

Offences

58(4)    
An FHSA provider commits an offence if it contravenes subsection (1).

Penalty: 100 penalty units.

58(5)    
An FHSA provider commits an offence if it contravenes subsection (1). This is an offence of strict liability.

Penalty: 50 penalty units.

Note:

For strict liability, see section 6.1 of the Criminal Code .