Document ID: chunk:federal_register_of_legislation:C2011C00610:clause:4_50:p2
Version: federal_register_of_legislation:C2011C00610
Segment Type: clause
Provision Reference: sch 4 cl 50 (pt 2/2)
Character Range: 212602–213352

Loan (Income Equalization Deposits) Act 1976

393‑40  The day the deposit was made for deposits made as a result of section 25B of the Loan (Income Equalization Deposits) Act 1976

  If a farm management deposit was made with an FMD provider as a result of a request under section 25B of the Loan (Income Equalization Deposits) Act 1976, as in force on 21 February 2005, then:
 (a) subsections 393‑40(1) to (4) of the Income Tax Assessment Act 1997 apply as if the day the deposit was made was the day on which the deposit was originally made under the Loan (Income Equalization Deposits) Act 1976; and
 (b) subsection 393‑40(6) does not apply to the deposit.

Note: The Loan (Income Equalization Deposits) Act 1976 was repealed on 22 February 2005.