Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 393.20.02

                   For the purposes of paragraph 393-20(2)(c) of the Act, a form used to apply to an FMD provider to make a farm management deposit must contain:

                     (a)  one of the statements set out in Part 1 of Schedule 1C; and

                     (b)  statements to the effect of the statements set out in Part 2 of Schedule 1C; and

                     (c)  statements setting out the additional information required by Part 3 of Schedule 1C.

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)(c) of the Act, the statements required by this section to be included in an application form are to be read by the depositor when completing the form.