Document ID: chunk:federal_register_of_legislation:F2024C01248:reg:6:p19
Version: federal_register_of_legislation:F2024C01248
Segment Type: reg
Provision Reference: reg 6 (pt 19/21)
Character Range: 173099–175943

form for a farm management deposit—information given to depositor
  For the purposes of paragraph 393‑20(2)(c) of the Act, a form used to apply to an FMD provider to make a farm management deposit must contain:
 (a) one of the statements set out in Part 1 of Schedule 1C; and
 (b) statements to the effect of the statements set out in Part 2 of Schedule 1C; and
 (c) statements setting out the additional information required by Part 3 of Schedule 1C.
Note 1: Subsection 393‑20(2) of the Act requires a depositor to apply to an FMD provider to make a farm management deposit with the FMD provider.
Note 2: Under paragraph 393‑20(2)(c) of the Act, the statements required by this section to be included in an application form are to be read by the depositor when completing the form.

393‑40.01  Repayment of farm management deposit in the event of a natural disaster
  For the purposes of paragraphs 393‑40(3A)(a) and (b) of the Act, the circumstances that are to be satisfied in relation to a repayment of the whole or a part of a farm management deposit are:
 (a) recovery assistance has been provided as a Category C measure, in the form of a recovery grant for a primary producer, in accordance with the Disaster Recovery Funding Arrangements 2018, determined by the Minister for Law Enforcement and Cyber Security on 5 June 2018; and
 (b) the recovery assistance was first provided during the 12 month period mentioned in subsection 393‑40(1) of the Act; and
 (c) the farm management deposit was repaid after the recovery assistance was first provided.
Note 1: A repayment that satisfies the circumstances in this section is not precluded from being a farm management deposit under subsections 393‑40(1) or (2) of the Act.
Note 2: The Disaster Recovery Funding Arrangements 2018 could in 2021 be viewed on the DisasterAssist website (https://www.disasterassist.gov.au).

Division 418—Exploration for minerals

Subdivision 418‑DA—Exploration credits allocation

418‑103.01  Meaning of annual exploration cap—2023‑24 income year

  For the purposes of paragraph 418‑103(1)(g) of the Act, the amount of $2.15 million is prescribed.

418‑103.02  Meaning of annual exploration cap—2024‑25 income year

  For the purposes of paragraph 418‑103(1)(h) of the Act, the amount of $4.77 million is prescribed.

Chapter 4—International aspects of income tax

Part 4‑5—General

Division 775—Foreign currency gains and losses

Subdivision 775‑B—Realisation of forex gains or losses

775‑145.01  Application of forex events to currency and fungible rights and obligations
 (1) For the purposes of subsection 775‑145(2) of the Act:
 (a) forex realisation event 1 applies to foreign currency, on a weighted average basis, in the circumstances in subsection (2) of this section; and
 (b) both of forex realisation events 1 and 2 apply to a fungible right, or