Document ID: chunk:federal_register_of_legislation:F2019L00523:clause:1_1
Version: federal_register_of_legislation:F2019L00523
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 2050–3317

1  Subsection 8(1)
Insert:
farm management deposit owned by a person means a farm management deposit (within the meaning of the Income Tax Assessment Act 1997) of which the person is the owner (within the meaning of that Act).
forced disposal of livestock means disposal (including killing) of livestock or all or part of a carcass of livestock by an entity (within the meaning of the Income Tax Assessment Act 1997) that occurs wholly or mainly for one or more of the following reasons:
 (a) an action by the Commonwealth, a State, a Territory or an authority of the Commonwealth, a State or a Territory that has the effect that land or water cannot be used to support the livestock commercially (for example, compulsory acquisition of an estate in land or other interest under a law of the Commonwealth, a State or a Territory or changing a law governing how land or water may be used), other than an action taken with the entity's free consent;
 (b) drought or natural disaster affected the availability of pasture, fodder or water so that the entity could not reasonably support the livestock;
 (c) reasonable concern for the welfare of the livestock;
 (d) a requirement by or under a law of the Commonwealth, a State or a Territory to dispose of the livestock.