Document ID: chunk:federal_register_of_legislation:C2011C00610:clause:4_2:p7
Version: federal_register_of_legislation:C2011C00610
Segment Type: clause
Provision Reference: sch 4 cl 2 (pt 7/7)
Character Range: 183296–184550

Income Tax Assessment Act 1936, apply as if the beneficiary had made the deposit.

Note: Division 4A of Part VA of the Income Tax Assessment Act 1936 is about quotation of tax file numbers in connection with farm management deposits.

393‑30  Effect of contravening requirements

 (1) A deposit is not a farm management deposit if, when the deposit was accepted, a requirement contained in the relevant agreement as set out in items 1 to 6 of the table in section 393‑35 was contravened.

 (2) A deposit is not, and is taken never to have been, a farm management deposit if a requirement contained in the relevant agreement as set out in items 7 to 9 of the table in section 393‑35 is contravened at any time in relation to the deposit.

 (3) So much of a deposit as causes a requirement contained in the relevant agreement as set out in item 10 of the table in section 393‑35 to be contravened is not a farm management deposit.

393‑35  Requirements of agreement for a farm management deposit

  An agreement mentioned in paragraph 393‑20(1)(b) must contain requirements to the effect of those set out in the following table:

Requirements of agreement for a farm management deposit
Item                                                     Requirement