TAXATION ADMINISTRATION REGULATIONS 1976 (REPEALED)

PART 7A - FARM MANAGEMENT DEPOSITS  

REGULATION 63A  

63A   INFORMATION TO BE GIVEN TO AGRICULTURE SECRETARY  
For paragraph 398-5(3)(d) in Schedule 1 to the Act, an FMD provider must give the following information to the Agriculture Secretary:

(a) the month being reported;

(b) in relation to each farm management deposit:

(i) the industry code for the depositor, by reference to the Australian and New Zealand Standard Industrial Classification Code; and

(ii) an account number that is modified by the FMD provider to prevent the disclosure of the identity of the depositor and the identity of the owner (if the owner is not the depositor), and that remains the same while the owner holds the farm management deposit; and

(iii) a personal identification number that is modified by the FMD provider to prevent the disclosure of the identity of the depositor and the identity of the owner (if the owner is not the depositor), and that remains the same while the owner holds any farm management deposits with the FMD provider; and

(iv) the closing balance of the farm management deposit at the end of the month to which the report relates; and

(v) the State or Territory of the residence of the owner; and

(vi) the year of birth of the owner; and

(vii) the year and month of the deposit.

Note 1:

Section 398-5 in Schedule 1 to the Act requires an FMD provider that holds an FMD at the end of a month to give information in writing, before the 11th day after the end of that month, to the Agriculture Secretary. The information is described in subsection 398-5(3) in Schedule 1 to the Act, and includes any other information, in relation to farm management deposits held by the FMD provider, that is required by the regulations.

Under subsection 398-5(4) in Schedule 1 to the Act, the regulations must not require information that discloses the depositor ' s identity or from which the depositor ' s identity could be reasonably inferred.

Note 2:

This information is additional to the information that an FMD provider must give to the Agriculture Secretary under paragraphs 398-5(3)(a) , (b) and (c) in Schedule 1 to the Act.