Tax and Superannuation Laws Amendment (2016 Measures No. 1) Act 2016 (52 of 2016)

Schedule 3   Farm management deposits

Part 1   Main amendments

Income Tax Assessment Act 1997

6   At the end of section 393-30

Add:

Note: There is an administrative penalty if a requirement contained in the relevant agreement as set out in item 8 of the table in section 393-35 is contravened: see section 288-115 in Schedule 1 to the Taxation Administration Act 1953.