House of Representatives

Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Bill 2017

First Home Super Saver Tax Bill 2017

First Home Super Saver Tax Act 2017

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
APRA Australian Prudential Regulation Authority
Capital gains tax CGT
Commissioner Commissioner of Taxation
FHSS determination First home super saver determination
FHSS Scheme First Home Super Saver Scheme
ITAA 1997 Income Tax Assessment Act 1997
NANE Non-assessable non-exempt
RSAR 1997 Retirement Savings Accounts Regulations 1997
SISA 1993 Superannuation Industry (Supervision) Act 1993
SISR 1994 Superannuation Industry (Supervision) Regulations 1994
TAA 1953 Taxation Administration Act 1953

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