Document ID: chunk:federal_register_of_legislation:C2024C00267:section:3:p7
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 3 (pt 7/17)
Character Range: 579844–582542

393‑30  Unclaimed moneys
 (1) Subsection (2) applies if:
 (a) a farm management deposit of an owner was unclaimed moneys for the purposes of section 69 of the Banking Act 1959; and
 (b) the unclaimed moneys were paid to the Commonwealth under that section; and
 (c) the unclaimed moneys were repaid as a result of subsection 69(7) of that Act.
 (2) For the purpose of subsection 393‑10(1) of the Income Tax Assessment Act, treat the repaid unclaimed moneys as a repayment of the deposit of the owner.
 (3) To avoid doubt, the payment of unclaimed moneys to the Commonwealth under section 69 of the Banking Act 1959 is not a repayment of the deposit of the owner for the purposes of Division 393 of the Income Tax Assessment Act 1997.

Subdivision 393‑B—Meaning of farm management deposit and owner

Table of sections
393‑40 The day the deposit was made for deposits made as a result of section 25B of the Loan (Income Equalization Deposits) Act 1976

393‑40  The day the deposit was made for deposits made as a result of section 25B of the Loan (Income Equalization Deposits) Act 1976
  If a farm management deposit was made with an FMD provider as a result of a request under section 25B of the Loan (Income Equalization Deposits) Act 1976, as in force on 21 February 2005, then:
 (a) subsections 393‑40(1) to (4) of the Income Tax Assessment Act 1997 apply as if the day the deposit was made was the day on which the deposit was originally made under the Loan (Income Equalization Deposits) Act 1976; and
 (b) subsection 393‑40(6) does not apply to the deposit.
Note: The Loan (Income Equalization Deposits) Act 1976 was repealed on 22 February 2005.

Division 410—Copyright collecting societies

Table of sections
410‑1 Application of section 51‑43 of the Income Tax Assessment Act 1997

410‑1  Application of section 51‑43 of the Income Tax Assessment Act 1997
 (1) A copyright collecting society to which section 51‑43 of the Income Tax Assessment Act 1997 applies, may elect that, from 1 July 2004, the section apply to all ordinary income, and statutory income, collected or derived by the society on or after 1 July 2004.
 (2) A society makes a valid election if:
 (a) the election is in writing; and
 (b) the election is given to the Commissioner within 28 days after the day on which this section commences.

Division 415—Designated infrastructure projects

Table of Subdivisions
415‑B Application of Subdivision 415‑B of the Income Tax Assessment Act 1997

Subdivision 415‑B—Application of Subdivision 415‑B of the Income Tax Assessment Act 1997

Table of sections
415‑10 Application of Subdivision 415‑B of the Income Tax Assessment Act 1997

415‑10  Application of Subdivision 415‑B of