Document ID: chunk:federal_register_of_legislation:C2011A00147:clause:5_21
Version: federal_register_of_legislation:C2011A00147
Segment Type: clause
Provision Reference: sch 5 cl 21
Character Range: 30685–31239

21  After subsection 69(1)
Insert:
 (1A) However, farm management deposits (within the meaning of the Income Tax Assessment Act 1997) of an owner (within the meaning of that Act) are unclaimed moneys if, and only if:
 (a) they are to the credit of an account with an ADI; and
 (b) the account has not been operated on either by deposit or withdrawal for a period of not less than 7 years; and
 (c) after the first 7 years of that period, the ADI has been unable to contact the owner about those farm management deposits after making reasonable efforts.