Commonwealth Numbered Acts

INCOME TAX (FIRST HOME SAVER ACCOUNTS MISUSE TAX) AMENDMENT (DISABILITYCARE AUSTRALIA) ACT 2013 (NO. 40, 2013) - SCHEDULE 1

Income Tax (First Home Saver Accounts Misuse Tax) Act 2008

1  Section 3 (paragraph (b) of the definition of adjusted maximum tax rate )

Repeal the paragraph, substitute:

                     (b)  2%.

2  Application of amendment

The amendment made by this Schedule applies to payments from an FHSA (within the meaning of the First Home Saver Accounts Act 2008 ) made on or after 1 July 2014.