Commonwealth Consolidated Acts

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FIRST HOME SAVER ACCOUNTS ACT 2008 - SECT 17A

Meaning of unclaimed money

                   The balance of an FHSA held by a person is unclaimed money in relation to the person if:

                     (a)  no contributions have been made to, and no payments (other than a payment of a kind mentioned in paragraph 31(1)(f), (g) or (h)) have been made from, the FHSA for a period of at least 7 years; and

                     (b)  after the end of that period the FHSA provider has been unable to contact the person after making reasonable efforts.


 



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