Income Tax Assessment Act 1936

PART VA - TAX FILE NUMBERS  

Division 4A - Quotation of tax file numbers in connection with farm management deposits  

SECTION 202DM   EFFECT OF INCORRECT QUOTATION OF TAX FILE NUMBER  

202DM(1)   Commissioner may notify FMD provider of correct tax file number.  

If 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(i) has been cancelled or withdrawn since it was quoted; or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.

202DM(3)   Commissioner may notify FMD provider if owner does not have a tax file number, etc.  

If:

(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.

202DM(4)   Commissioner to give owner copy of notice.  

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.