Taxation Administration Regulations 2017

PART 6 - ADMINISTRATION (CHAPTER 5 IN SCHEDULE 1 TO THE ACT)  

Division 4 - Record-keeping etc.  

SECTION 69   REPORTING TO AGRICULTURE DEPARTMENT ABOUT FARM MANAGEMENT DEPOSITS  

69(1)    
For the purposes of 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 to which the information relates;


(b) in relation to each farm management deposit held by the provider at any time in that month, the information set out in subsection (2).

69(2)    
For the purposes of subsection (1), the information that is required is:


(a) the industry code for the depositor, by reference to the Australian and New Zealand Standard Industrial Classification (ANZSIC) 2006 published by the Australian Bureau of Statistics, as in force or existing at the time when this instrument commences; and


(b) 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


(c) 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


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


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


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


(g) the year and month of the deposit.


 

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