INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 313 - First home super saver scheme  

Subdivision 313-E - First home super saver tax  

Operative provisions

SECTION 313-60   313-60   First home super saver tax  


You are liable to pay *first home super saver tax if:


(a) neither of section 313-40 or 313-50 applies to you; or


(b) section 313-40 applies to you and you do not notify the Commissioner in accordance with that section; or


(c) section 313-50 applies to you and you do not notify the Commissioner in accordance with that section.

Note 1:

The amount of the tax is set out in the First Home Super Saver Tax Act 2017 .

Note 2:

Section 313-40 is about purchasing or constructing a residential premises. Section 313-50 is about making one or more non-concessional contributions.


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