INCOME TAX ASSESSMENT ACT 1936
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.
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 .