First Home Super Saver Scheme passed in parliament – what this means for you

20 December 2017

What is the First Home Super Saver Scheme?

The First Home Super Saver Scheme (FHSSS) was announced in the May 2017 Federal Budget, as an initiative by the Commonwealth Government to help Australians aged 18 years or older, save for their first home.

How this applies to your account with us

Before you read further, please note that West State Super and Gold State Super schemes are constitutionally protected funds and are not eligible for the FHSSS.

Please note we are currently reviewing the details of the FHSSS to see if this applies to GESB Super accounts, and if so, whether legislation governing GESB Super will also need to be amended. As soon as we have any further information, we will update our website.

More information

In the meantime, if you would like to learn more about the FHSSS, please visit the Australian Taxation Office website.

Page last updated 20 December 2017