Document ID: chunk:federal_register_of_legislation:C2010C00641:clause:1_13:p2
Version: federal_register_of_legislation:C2010C00641
Segment Type: clause
Provision Reference: sch 1 cl 13 (pt 2/2)
Character Range: 8529–11301

death, bankruptcy or loss of primary producer status

 (5) A repayment of a deposit that is required in accordance with subsection 393‑40(3) (which covers death, bankruptcy and loss of primary producer status) is not a withdrawal to which subsections (1) and (2) apply.

Transfers to other financial institutions

 (6) A transfer of a deposit to another financial institution, in accordance with a requirement of the agreement concerned, as mentioned in subsection 393‑40(5) is not a withdrawal to which subsections (1) and (2) apply.

Definition of applicable depositing day

 (7) The applicable depositing day is:
 (a) if none of the other paragraphs in this subsection applies—the day on which the deposit is made with the financial institution; or
 (b) if the deposit is made with the financial institution as a result of a request to which section 25B of the Loan (Income Equalization Deposits) Act 1976 applied—the day on which the deposit under that Act, that was the subject of the request, was made; or
 (c) if the deposit is made with the financial institution as a result of one or more transfers from other financial institutions in accordance with requirements of agreements as mentioned in subsection 393‑40(5), and paragraph (d) does not apply—the day on which the deposit was made with the first of the financial institutions; or
 (d) if the deposit is made with the financial institution as a result of a combination of a request as mentioned in paragraph (b) and one or more transfers as mentioned in paragraph (c)—the day applicable under paragraph (b).
Notes to the Taxation Laws Amendment (Earlier Access to Farm Management Deposits) Act 2002

Note 1

The Taxation Laws Amendment (Earlier Access to Farm Management Deposits) Act 2002 as shown in this compilation comprises Act No. 138, 2002 amended as indicated in the Tables below.

Table of Acts
Act                                                                            Number     Date          Date of commencement                Application, saving or transitional provisions
                                                                               and year   of Assent
Taxation Laws Amendment (Earlier Access to Farm Management Deposits) Act 2002  138, 2002  19 Dec 2002   See s. 2(1)
Tax Laws Amendment (2010 Measures No. 2) Act 2010                              75, 2010   28 June 2010  Schedule 6 (item 97): 29 June 2010  —

Table of Amendments
ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
Provision affected                                                                                   How affected
S. 4....................                                                                             rep. No. 75, 2010