Document ID: chunk:federal_register_of_legislation:C2016A00052:clause:3_9
Version: federal_register_of_legislation:C2016A00052
Segment Type: clause
Provision Reference: sch 3 cl 9
Character Range: 49334–49965

9  After section 393‑35
Insert:

393‑37  Agreements for a farm management deposit may allow for some offsets of a depositor's liabilities
  An agreement mentioned in paragraph 393‑20(1)(b) does not contravene the requirements of item 8 of the table in section 393‑35 to the extent that:
 (a) it provides for amounts of interest to be payable to the *FMD provider in respect of a loan or other debt of the *owner of the *farm management deposit, or of a partnership of which the owner is a partner, to be reduced; and
 (b) that loan or other debt relates to a *primary production business that the owner or partnership carries on.