Income Tax Assessment Act 1997



Division 313 - First home super saver scheme  

Subdivision 313-E - First home super saver tax  

Guide to Subdivision 313-E

SECTION 313-55   What this Subdivision is about  

If an amount is released from your superannuation interests under the first home super saver scheme, you are liable for tax if you do not, within a particular period, do either of the following:

  • (a) enter into a contract to purchase or construct a residential premises, and notify the Commissioner of that contract;
  • (b) make one or more non-concessional contributions, and notify the Commissioner of the contributions.

    Operative provisions
    313-60 First home super saver tax
    313-65 When tax is payable - original assessments
    313-70 When tax is payable - amended assessments
    313-75 General interest charge


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