Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 393
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Farm management deposits
Subdivision 393-B
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Meaning of farm management deposit and owner
SECTION 393-20.01
393-20.01
APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT
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INFORMATION GIVEN BY DEPOSITOR
For the purposes of paragraph 393-20(2)(b) of the Act, a form used to apply to an FMD provider to make a farm management deposit must require the depositor to provide the following information: (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.
For the purposes of paragraph 393-20(2)(b) of the Act, a form used to apply to an FMD provider to make a farm management deposit must require the depositor to provide the following information: (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 1:
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.
Note 2:
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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