Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 393 - Farm management deposits  

Subdivision 393-B - Meaning of farm management deposit and owner  

SECTION 393-20.02  

393-20.02   APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT - INFORMATION GIVEN TO DEPOSITOR  
For the purposes of paragraph 393-20(2)(c) of the Act, a form used to apply to an FMD provider to make a farm management deposit must contain:

(a)    one of the statements set out in Part 1 of Schedule 1C ; and

(b)    statements to the effect of the statements set out in Part 2 of Schedule 1C ; and

(c)    statements setting out the additional information required by Part 3 of Schedule 1C .

Note 1:

Subsection 393-20(2) of the Act requires a depositor to apply to an FMD provider to make a farm management deposit with the FMD provider.

Note 2:

Under paragraph 393-20(2)(c) of the Act, the statements required by this section to be included in an application form are to be read by the depositor when completing the form.

 

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