Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p15
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 15/79)
Character Range: 4868821–4871601

the Commissioner has revoked the release authority issued in relation to the request (whether or not the release authority had previously been varied);
 (iii) after one or more amendments of the request, you have withdrawn the latest of those amended requests;
 (iv) the Commissioner has revoked the release authority issued in relation to the latest of one or more amendments of the request (whether or not the release authority had previously been varied); and
 (c) you enter into a contract to purchase or construct a *CGT asset that is a *residential premises in Australia within the period:
 (i) beginning 90 days before the day you make the first of the valid requests referred to in paragraph (ba); and
 (ii) ending 12 months (or if extended under subsection (2), that longer period) after the day you make the current request; and
 (d) the price for the purchase or construction of the premises is at least equal to the total amount to be released that is stated in the current request; and
 (e) you have occupied the premises, or intend to occupy the premises as soon as practicable; and
 (f) you intend to occupy the premises for at least 6 months of the first 12 months after it is practicable to occupy the premises.
 (2) The Commissioner may extend the period for entering into a contract by up to 12 months.
Note: If you request an extension of the period, you may object against a decision of the Commissioner under this section (see section 313‑85).

313‑40  Notifying Commissioner
 (1) You must notify the Commissioner in the *approved form of the matters set out in paragraphs 313‑35(1)(a) to (f).
 (2) The notification must be made within the 90‑day period, or such longer period as the Commissioner allows, after the day you enter into the contract to purchase or construct the *residential premises.
Note: If you request an extension of the period, you may object against a decision of the Commissioner under this subsection (see section 313‑85).
 (3) Subsection (1) does not limit the information that the *approved form may require the notification to contain.

Subdivision 313‑D—Contributing amounts to superannuation

Guide to Subdivision 313‑D

313‑45  What this Subdivision is about
      If an amount is released from your superannuation interests under the first home super saver scheme, and you do not enter into a contract within a particular period to purchase or construct a residential premises, you may make one or more non‑concessional contributions. If you do not notify the Commissioner that you have made the contributions, you may be liable for tax under Subdivision 313‑E.

Table of sections

Operative provisions
313‑50 Contributing amounts to superannuation

Operative provisions

313‑50  Contributing amounts to superannuation
 (1) This