Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 313.60

    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.