Document ID: chunk:federal_register_of_legislation:C2019C00215:clause:1_196
Version: federal_register_of_legislation:C2019C00215
Segment Type: clause
Provision Reference: sch 1 cl 196
Character Range: 33511–33988

196  No new FHSAs
(1) An account, life policy or beneficial interest opened or issued after 7:30 pm (by legal time in the Australian Capital Territory) on 13 May 2014 is not, and never was, an FHSA.
(2) Subitem (1) does not apply if:
 (a) the application for that opening or issuing (see paragraph 19(1)(a) of the FHSA Act) was given to the provider before that 7:30 pm; and
 (b) the account, life policy or beneficial interest was opened or issued on or before 30 June 2015.