Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteIf a farm management deposit was made with an FMD provider as a result of a request under section 25B of the Loan (Income Equalization Deposits) Act 1976 , as in force on 21 February 2005, then:
(a) subsections 393-40(1) to (4) of the Income Tax Assessment Act 1997 apply as if the day the deposit was made was the day on which the deposit was originally made under the Loan (Income Equalization Deposits) Act 1976 ; and
(b) subsection 393-40(6) does not apply to the deposit.
Note:
The Loan (Income Equalization Deposits) Act 1976 was repealed on 22 February 2005.
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