First Home Saver Accounts

This page contains information for authorised deposit-taking institutions (ADIs), life insurance companies and RSE licensees that offer First Home Saver Accounts.

Legislation

First Home Saver Accounts Act 2008

First Home Saver Accounts Regulations 2008

First Home Saver Account Providers Supervisory Levy Imposition Act 2008

List of FHSA providers

Under the legislation FHSA providers could commence offering FHSAs from 1 October 2008. Authorised Deposit-taking Institutions and Life Companies that are providing FHSAs (according to their websites and by contacting their customer service centre) are listed below.

AMP Bank Limited - ABN 15 081 596 009
Australia and New Zealand Banking Group Limited (note) - ABN 11 005 357 522
Big Sky Building Society Limited (note) - ABN 30 087 652 079
Commonwealth Bank of Australia (note) - ABN 48 123 123 124
Community CPS Australia Limited (note) - ABN 15 087 651 143
Credit Union SA Ltd - ABN 36 087 651 232
Defence Bank Limited (note) - ABN 57 087 651 385
Hume Building Society Ltd - ABN 85 051 868 556
Hunter United Employees' Credit Union Limited - ABN 68 087 650 182
IMB Ltd - ABN 92 087 651 974
Members Equity Bank Pty Limited - ABN 56 070 887 679
MyState Financial Limited (note) - ABN 89 067 729 195
Police Financial Services Limited - ABN 33 087 651 661
Railways Credit Union Limited - ABN 91 087 651 090
Teachers Mutual Bank Limited - ABN 30 087 650 459
The Police Department Employees' Credit Union Limited - ABN 95 087 650 799
Victoria Teachers Limited - ABN 44 087 651 769
Wyong Council Credit Union Ltd - ABN 29 087 650 897

note: please note this entity has ceased offering new FHSAs.

RSE licensees that have been authorised to offer FHSAs:

The Trust Company (Superannuation) Limited - ABN 49 006 421 638

Below is selected information on FHSAs:

Period	Jun 2012	Sep 2012	Dec 2012	Mar 2013
Number of FHSAs ('000)	38.3	38.5	39.0	40.2
Balance of FHSAs ($m)	359.5	377.8	401.2	416.8

Authorised deposit-taking institutions and life companies only

Notification to APRA form

Under section 123 of the First Home Saver Accounts Act 2008 (FHSA Act), ADIs and life insurance companies are required to notify APRA of their intention to provide FHSAs. The form below may be used for this purpose.

Notification to APRA of intention to offer first home saver accounts form

RSE licensees only

Prudential Standard

RSE licensees that offer FHSAs must comply with the Prudential Standard.

Prudential Standard FPS 100 First Home Saver Accounts Providers (RSE licensees only)

Authorisation application form

Only public offer and extended public offer licensees are eligible to apply for authorisation to be an FHSA provider. The FHSA Act requires the application be made in the approved form.

Application form - Authorisation to be a First Home Saver Accounts provider (RSE licensees only)

Approved form of notification of address where accounting records are kept

First Home Saver Accounts (FHSAs) are required to notify APRA, in the approved form, of the address where their RSE's financial records are kept.

Approved form of notification of address where accounting records are kept

FAQs

All FHSA providers (updated December 2009)

Reporting standard, form and instruction guide

Reporting Standard FRS 100.0 Reporting Requirements for First Home Saver Accounts Providers

Reporting Form FRF 100.0 Reporting Requirements for First Home Saver Accounts Providers

Instruction Guide to FRF 100.0 Reporting Requirements for First Home Saver Accounts Providers

Please note the Reporting Standard which includes the Instruction Guide and Reporting Form replaces the version published on the website in February 2009. The changes relate to new item 2.1.8 of FRF 100.0.

First Home Saver Account (FHSA) Audit Reporting

Forms for First Home Saver Account providers: FHSA Audit Reporting

Item 2.1.8

Since the first lodgement, APRA identified an omission on the form which led to a gap in information being collected. Specifically, the form did not collect data on contributions made to accounts that existed at the start of the financial year during the reporting period. This has now been rectified by amending the FRF 100.0 through the addition of a new field ‘2.1.8 other’ and the set of detailed technical instructions regarding completion of FRF 100.0.

Further information

For further information please refer to the ATO’s website:

http://www.ato.gov.au