Income Tax Assessment (1997 Act) Regulations 2021
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Income Tax Assessment (1997 Act) Regulations 2021
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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.