Taxation Administration Act 1953
Note: See section 3AA .Chapter 5 - Administration
An *FMD provider must, before the 11th day after the end of a calendar month, give in writing to the *Agriculture Secretary the information specified in subsection (3) if the provider holds a *farm management deposit at the end of that month.
Penalty: 10 penalty units.
An offence under subsection (1) is an offence of strict liability.
For strict liability, see section 6.1 of the Criminal Code .Information required 398-5(3)
The information is:
(a) the number of *farm management deposits held at the end of that month; and
(b) the number of depositors in respect of such deposits at the end of that month; and
(c) the sum of the balances of such deposits at the end of that month; and
(d) any other information, in relation to farm management deposits held by the *FMD provider at any time in that month, that is required by the regulations for the purposes of this section.
Regulations made for the purposes of paragraph (3)(d) must not require information:
(a) that discloses the identity of a depositor; or
(b) from which the identity of a depositor could reasonably be inferred.
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