Income Tax Assessment Act 1936
View history note
Hide history noteIf the Commissioner is satisfied:
(a) that the tax file number quoted to an FMD provider in connection with a farm management deposit:
(i) has been cancelled or withdrawn since it was quoted; or
(ii) is otherwise wrong; and
(b) that the owner has a tax file number;
the Commissioner may give the FMD provider notice in writing of the owner's correct tax file number.
(a) the Commissioner is satisfied that the tax file number quoted to an FMD provider in connection with a farm management deposit:
(i) has been cancelled since it was quoted; or
(ii) is for any other reason not the owner's tax file number; and
(b) the Commissioner is not satisfied that the owner has a tax file number;
the Commissioner may give the FMD provider notice in writing accordingly.
If a notice is given under subsection (3), the Commissioner must give the depositor a copy of the notice, together with a written statement of the reasons for the decision to give the notice.
202DM(5) Notice takes effect when given to owner.The notice takes effect on the day specified in the notice, being a day not earlier than the day on which the copy of the notice is given to the depositor.
202DM(6) Tax file number deemed not quoted.On and from the day on which the notice takes effect, the depositor is taken not to have quoted the owner's tax file number in connection with the deposit.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
