Income Tax Assessment Act 1936

PART VA - TAX FILE NUMBERS  

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History

Pt VA inserted by No 97 of 1988.

Division 4A - Quotation of tax file numbers in connection with farm management deposits  

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History

Div 4A inserted by No 85 of 1998.

SECTION 202DL  

202DL   QUOTATION OF TAX FILE NUMBER  

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A depositor of a farm management deposit quotes the owner's tax file number to the FMD provider in connection with the deposit by:

(a) stating the number in the form mentioned in subsection 393-20(2) of the Income Tax Assessment Act 1997 in relation to the deposit; or

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(b) informing the FMD provider of the number in any other manner approved by the Commissioner in connection with the deposit.

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Note:

If a farm management deposit was made by a trustee on behalf of a beneficiary who was under a legal disability when the deposit was made, and the beneficiary is no longer under a legal disability, this Division applies as if the beneficiary had made the deposit: see section 393-28 of the Income Tax Assessment Act 1997 .

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History

S 202DL amended by No 62 of 2011, s 3 and Sch 1 item 5, by substituting " section 393-28 " for " subsection 393-25(4) " in the note at the end, applicable to: (a) assessments for the trustee of a trust for an income year that is the 2010-11 income year or a later income year; or (b) assessments for a beneficiary of a trust that relate to the 2010-11 income year or a later income year of the trust.

S 202DL amended by No 79 of 2010 , s 3 and Sch 4 items 27 to 30, by substituting " FMD provider " for " financial institution " (first occurring), substituting " 393-20(2) of the Income Tax Assessment Act 1997 " for " 393-30(3) of Schedule 2G " in para (a), substituting " FMD provider " for " financial institution " in para (b) and inserting the note at the end, applicable to assessments for: (a) the 2010-11 income year; and (b) later income years.

S 202DL inserted by No 85 of 1998.

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