FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
PART 2
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KEY CONCEPTS AND OTHER DEFINITIONS
Division 1
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Key concepts
SECTION 9
Meanings of
hold
and
FHSA holder
9(1)
A person holds an FHSA if:
(a) for an FHSA that is an account - the account is opened solely in the person ' s name; or
(b) for an FHSA that is a life policy - the person is the sole owner of the life policy; or
(c) for an FHSA that is a beneficial interest in a trust - the person is the sole holder of the interest.
9(2)
A person who holds an FHSA is an FHSA holder .
A person holds an FHSA if:
(a) for an FHSA that is an account - the account is opened solely in the person ' s name; or
(b) for an FHSA that is a life policy - the person is the sole owner of the life policy; or
(c) for an FHSA that is a beneficial interest in a trust - the person is the sole holder of the interest.
9(2)
A person who holds an FHSA is an FHSA holder .
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