INCOME TAX ASSESSMENT ACT 1936

PART VA - TAX FILE NUMBERS  

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

SECTION 202DL   202DL   QUOTATION OF TAX FILE NUMBER  


A depositor of a farm management deposit quotes the owner's tax file number to the FMD provider in connection with the deposit by:


(a) stating the number in the form mentioned in subsection 393-20(2) of the Income Tax Assessment Act 1997 in relation to the deposit; or


(b) informing the FMD provider of the number in any other manner approved by the Commissioner in connection with the deposit.

Note:

If a farm management deposit was made by a trustee on behalf of a beneficiary who was under a legal disability when the deposit was made, and the beneficiary is no longer under a legal disability, this Division applies as if the beneficiary had made the deposit: see section 393-28 of the Income Tax Assessment Act 1997 .


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