INCOME TAX ASSESSMENT REGULATIONS 1997

PART 3A - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 393 - Farm management deposits  

REGULATION 393-5   393-5   APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT: INFORMATION GIVEN BY DEPOSITOR  
For paragraph 393-20(2)(b) of the Act, the following information is to be provided by a depositor to an FMD provider:


(a) the depositor ' s name, address, date of birth and telephone number;


(b) the amount of the deposit;


(c) a description of the major commodity or commodities produced in the year of the deposit;


(d) if the depositor is not the owner of the deposit - the owner ' s name, address and date of birth.

Note:

Subsection 393-20(2) of the Act requires a depositor to apply to an FMD provider to make a farm management deposit with the FMD provider.

Under paragraph 393-20(2)(b) of the Act, the application form must require the depositor to provide any information required by regulations.

Under paragraph 393-20(2)(a) of the Act, the application form must also permit the depositor to state the owner ' s tax file number in the form.




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