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First Home Saver Accounts (FHSAs) - July 2008

By using this site you are deemed to have read and acknowledged our disclaimer.

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

Legislation

List of FHSA providers

Under the legislation FHSA providers may 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. This list is updated by close of business every Friday.

  • AMP Bank Limited - ABN 15 081 596 009
  • Australia and New Zealand Banking Group Limited - ABN 11 005 357 522
  • Big Sky Credit Union Ltd - ABN 51 087 651 358
  • Commonwealth Bank of Australia - ABN 48 123 123 124
  • Hume Building Society Ltd - ABN 85 051 868 556
  • Hunter United Employees' Credit Union Limited - ABN 68 087 650 182
  • Members Equity Bank Pty Limited - ABN 56 070 887 679
  • MyState Financial Credit Union of Tasmania Limited - ABN 89 067 729 195
  • NSW Teachers Credit Union Ltd - ABN 30 087 650 459
  • Police Association Credit Co-operative Limited - ABN 33 087 651 661
  • The Police Department Employees' Credit Union Limited - ABN 95 087 650 799
  • Victoria Teachers Credit Union Limited - ABN 44 087 651 769
  • Wagga Mutual Credit Union Ltd - ABN 35 087 650 860
  • Wyong Council Credit Union Ltd - ABN 29 087 650 897

RSE licensees that have been authorised to offer FHSAs:

  • Currently no RSE licensees have been authorised to offer FHSAs.

 Authorised deposit-taking institutions and life companies only

Notification to APRA form

Under section 123 of the 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.

RSE licensees only

Prudential Standard

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

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.

All FHSA providers

Reporting standard, form and instruction guide

Please note the Instruction Guide replaces the version published on the website in July 2008. The changes are:

B. Changes in number and balance of FHSAs

  • Change in wording from "Report both the number of accounts open during the reporting period and the total amount held in the accounts during the period" to "Report both the number of accounts open during the reporting period and the total balance including any charges or interest applied to the account as at the end of each reporting period".

FHSAs at start of reporting period

  • The inclusion of an additional line item ‘2.1.7 Accounts closed since the start of the financial year - balances paid to FHSA holders aged 60 or over’.

Further information

For further information please refer to the ATO’s website:http://www.ato.gov.au



Authorised Deposit-Taking Institutions | General Insurance | Superannuation | Life Insurance | Friendly Societies

Australian Prudential Regulation Authority