First Home Saver Accounts (Further Provisions) Amendment Act 2008 (92 of 2008)

Schedule 2   Amendments commencing the day after Royal Assent

First Home Saver Accounts Act 2008

23   Paragraph 31(1)(d)

Repeal the paragraph, substitute:

(d) the payment is a repayment made in accordance with subsection 25(2), 26(2) or 27(2); or

(da) the FHSA holder has given a declaration, in the approved form, to the FHSA provider stating that he or she has never held another FHSA and that the payment is a repayment made in accordance with:

(i) subsection 992A(4) of the Corporations Act 2001 (unsolicited offer of financial product); or

(ii) section 1016F of that Act (defective product disclosure document); or

(iii) section 1019B of that Act (cooling-off period); or