s 393-40
In forceThe day the deposit was made for deposits made as a result of section 25B of the Loan (Income Equalization Deposits) Act 1976
Chapter 3Specialist liability rules
Part 3-45Rules for particular industries and occupations
Division 393Farm management deposits
Subdivision 393-BMeaning of farm management deposit and owner
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(4) of the Income Tax Assessment Act 1997 apply as if the day the deposit was made was the day on which the deposit was originally made under the Loan (Income Equalization Deposits) Act 1976; and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The Loan (Income Equalization Deposits) Act 1976 was repealed on 22 February 2005.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.