Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 7
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TRANSITIONAL MATTERS
PART 1000-1
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TRANSITIONAL MATTERS RELATING TO THE REPEAL OF THE INCOME TAX ASSESSMENT REGULATIONS 1997
SECTION 1000-1.10
FARM MANAGEMENT DEPOSIT
1000-1.10(1)
Sections 393-20.01 and 393-20.02 and Schedule 1C apply in relation to an application for a farm management deposit where the application is made at or after the commencement time.
1000-1.10(2)
Despite the repeal of regulations 393-5 and 393-10 of the old regulations and Schedule 1C to the old regulations by the repealing regulations, those provisions continue to apply in relation to an application for a farm management deposit where the application was made before the commencement time as if that repeal had not happened.
1000-1.10(3)
Section 393-40.01 applies in relation to a repayment of the whole or a part of a farm management deposit where the repayment is made at or after the commencement time (regardless of when the application for the farm management deposit was made).
1000-1.10(4)
Despite the repeal of regulation 393-15 of the old regulations by the repealing regulations, that regulation continues to apply in relation to a repayment of the whole or a part of a farm management deposit where the repayment was made before the commencement time as if that repeal had not happened.
Sections 393-20.01 and 393-20.02 and Schedule 1C apply in relation to an application for a farm management deposit where the application is made at or after the commencement time.
1000-1.10(2)
Despite the repeal of regulations 393-5 and 393-10 of the old regulations and Schedule 1C to the old regulations by the repealing regulations, those provisions continue to apply in relation to an application for a farm management deposit where the application was made before the commencement time as if that repeal had not happened.
1000-1.10(3)
Section 393-40.01 applies in relation to a repayment of the whole or a part of a farm management deposit where the repayment is made at or after the commencement time (regardless of when the application for the farm management deposit was made).
1000-1.10(4)
Despite the repeal of regulation 393-15 of the old regulations by the repealing regulations, that regulation continues to apply in relation to a repayment of the whole or a part of a farm management deposit where the repayment was made before the commencement time as if that repeal had not happened.
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