Document ID: chunk:federal_register_of_legislation:C2012A00176:clause:2_6
Version: federal_register_of_legislation:C2012A00176
Segment Type: clause
Provision Reference: sch 2 cl 6
Character Range: 10643–12992

6  Transitional—supplementary statement and payment obligations
(1) In addition to their effect apart from this subitem, sections 51A to 51E of the First Home Saver Accounts Act 2008 also have the effect they would have if:
 (a) in paragraph 51A(1)(a) of that Act, the words "a calendar year" were omitted and the words "the applicable assessment day" were substituted; and
 (b) in paragraph 51A(1)(b) of that Act, the words "within 3 months after the end of the year" were omitted and the words "before the end of 31 May 2013" were substituted; and
 (c) in subsection 51A(4) of that Act, the words "the calendar year" were omitted and the words "the applicable assessment day" were substituted; and
 (d) the amendments made by items 1, 2 and 3 of this Schedule had commenced on 31 December 2012; and
 (e) any regulations made, in accordance with section 4 of the Acts Interpretation Act 1901, for the purposes of any of the following provisions of the First Home Saver Accounts Act 2008 had taken effect from the day on which the regulations are registered under the Legislative Instruments Act 2003:
 (i) subparagraph 17A(1)(a)(ii);
 (ii) subsection 17A(3);
 (iii) subsection 17A(4).

No double counting
(2) For the purposes of the application to an FHSA provider of sections 51A to 51E of the First Home Saver Accounts Act 2008 (as those sections have effect under subitem (1)), unclaimed money does not include any 7‑year unclaimed amounts for the FHSA provider.
(3) For the purposes of this item, if:
 (a) an amount is required to be set out in an FHSA provider's statement under section 51A of the First Home Saver Accounts Act 2008 (as that section has effect otherwise than under subitem (1)); and
 (b) the FHSA provider is required, by section 51A of the First Home Saver Accounts Act 2008 (as that section has effect otherwise than under subitem (1)), to give the statement to ASIC within 3 months after the end of 31 December 2012;
the amount is a 7‑year unclaimed amount for the FHSA provider.

Applicable assessment day
(4) For the purposes of this item, the applicable assessment day for an FHSA provider is:
 (a) 30 May 2013; or
 (b) if the FHSA provider, by written notice given to ASIC before 30 May 2013, nominates a day that is:
 (i) not earlier than 31 December 2012; and
 (ii) not later than 29 May 2013;
  the nominated day.