Commonwealth Numbered Regulations

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INCOME TAX (FARM MANAGEMENT DEPOSITS) REGULATIONS 1998 1998 No. 325 - REG 6

6 Information to be given to Department
For paragraph 264AA (2) (d) of the Act, the information that a financial
institution must give to the Secretary to the Department of Agriculture,
Fisheries and Forestry is set out in Schedule 3. Note Section 264AA of the Act
requires a financial institution that holds a farm management deposit at the
end of any month in a quarter to give information in writing to the Secretary
to the Department of Agriculture, Fisheries and Forestry. The information is
described in subsection 264AA (2), and includes any other information, in
relation to farm management deposits held by the institution, that is required
by the regulations. Under subsection 264AA (3) of the Act, the regulations
must not require information that discloses the depositor's identity or from
which the depositor's identity could be reasonably inferred. 


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