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19 Feb 07 Farm Management Deposits Regulations amended

Income Tax (Farm Management Deposits) Amendment Regulations 2007 (No 1) was made on 15 February 2007 and registered on the Federal Register of Legislative Instruments on 16 February 2007 as Select Legislative Instrument 2007 No 19. These Regulations amend the information required to be given to FMD depositors by financial institutions to reflect the income threshold and total deposit limit as set out in ITAA 1936 and amend the reporting requirements for financial institutions to set out the information required to be provided to the Secretary of the Department of Agriculture, Fisheries and Forestry.

For a copy of Income Tax (Farm Management Deposits) Amendment Regulations 2007 (No 1), go here

For a copy of the Explanatory Statement, click on ES/Supp Material

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