Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_15:p8
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 15 (pt 8/39)
Character Range: 1831725–1834531

Note: You are liable to an administrative penalty under subsection 284‑75(4) if you give a self‑certification that is false or misleading in a material particular.

396‑136  Report on Reportable Accounts maintained by Australian Reporting Financial Institutions
 (1) This section applies if:
 (a) the Commissioner receives one or more statements under subsection 396‑105(2) in relation to:
 (i) the 2018 calendar year; or
 (ii) a calendar year commencing after 2018; and
 (b) the statement contains information about a Reportable Account (within the meaning of the CRS); and
 (c) the total number of accounts of the kind mentioned in paragraph (b) for a jurisdiction (other than Australia) that is a Reportable Jurisdiction (within the meaning of the CRS) (the relevant jurisdiction) for the calendar year is 6 or more.
 (2) The Commissioner must, no later than 31 December of the year following the calendar year, prepare and give to the Minister a report that sets out for each relevant jurisdiction in relation to the calendar year the following information:
 (a) the total number of accounts of the kind mentioned in paragraph (1)(b);
 (b) the sum of the amounts in those accounts.
 (3) The Minister must cause a copy of the report given under subsection (2) to be tabled in each House of the Parliament within 15 sitting days of that House after the day on which the Minister receives the report.
 (4) The report given under subsection (2) is not a legislative instrument.

Division 398—Miscellaneous reporting obligations

Table of Subdivisions
 Guide to Division 398
398‑A Farm Management Deposit reporting

Guide to Division 398

398‑1  What this Division is about
      This Division contains reporting obligations not covered by other Divisions of this Part.

Subdivision 398‑A—Farm Management Deposit reporting

Table of sections
398‑5 Reporting to Agriculture Department

398‑5  Reporting to Agriculture Department

FMD provider must provide monthly information
 (1) An *FMD provider must, before the 11th day after the end of a calendar month, give in writing to the *Agriculture Secretary the information specified in subsection (3) if the provider holds a *farm management deposit at the end of that month.
Penalty: 10 penalty units.
 (2) An offence under subsection (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.

Information required
 (3) The information is:
 (a) the number of *farm management deposits held at the end of that month; and
 (b) the number of depositors in respect of such deposits at the end of that month; and
 (c) the sum of the balances of such deposits at the end of that month; and
 (d) any other information, in relation to farm management deposits held by the *FMD provider at any time in that month, that is