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04 Sep 08 Further First Home Saver Bills introduced

On 4 September 2008, the following 2 Bills were introduced into the House of Representatives:

The First Home Saver Accounts (Further Provisions) Amendment Bill 2008 (FHSA (Further Provisions) Bill) implements further aspects of the Government’s First Home Saver Accounts (FHSA) policy, and makes a number of amendments to taxation laws.

The First Home Saver Account Providers Supervisory Levy Imposition Bill 2008 (FHSA Supervisory Levy Bill) introduces a framework for imposing a levy on FHSA providers to provide funding for the Australian Prudential Regulation Authority (APRA) to carry out its supervision of financial institutions which offer FHSAs.

For a copy of the Explanatory Memorandum, go here

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