Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)

Schedule 4   Farm management deposits

Part 2   Consequential amendments

Income Tax Assessment Act 1997

44   Subsection 230-460(15)

Repeal the subsection, substitute:

Farm management deposits

(15) A right to receive, or an obligation to provide,*financial benefits is the subject of an exception if:

(a) the right or obligation is the right or obligation of an*owner of a*farm management deposit; and

(b) the right or obligation relates to the deposit.