Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 393.20.01

                   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.