These regulations are the Loan (Income Equalization Deposits) Regulations 1980.

In these Regulations, unless the contrary intention appears:

the Act means the Loan (Income Equalization Deposits) Act 1976.

For the purposes of the definition of investment component in section 3 of the Act, the following percentage is prescribed, namely, 61%.

For the purposes of subsection 4 (4) of the Loan (Income Equalization Deposits) Act 1976, interest is payable:

(a)

at the rate of 5.5 per centum per annum in respect of deposits accepted before 1 September 1983; and

(b)

at the rate of 7.5 per centum per annum in respect of deposits accepted on or after 1 September 1983.

For the purposes of paragraph 10 (b) of the Act, the following fee is prescribed, namely, $20.

For the purposes of paragraph 20B (1) (c) of the Act, the following percentage is prescribed, namely, 20%.

For paragraph 25B (1) (b) of the Act, the information that the authorised person may require to accompany the deposit includes the following:

(a)

the depositor's name;

(b)

the branch of the financial institution;

(c)

the BSB number for the financial institution;

(d)

the account number for the depositor's account at the financial institution.

Note   Under paragraph 25B (1) (a) of the Act, a depositor may make a request in writing to the authorised person to re-deposit on behalf of the depositor, as separate farm management deposits with a specified financial institution, every deposit of the depositor.
Under paragraph 25B (1) (b) of the Act, the request must be accompanied by any information, and the form, that the authorised person requires for the purpose of making the deposits on behalf of the depositor with the financial institution.
The authorised person must make the deposits in accordance with the request if the request meets all the requirements in section 25B.