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FARM MANAGEMENT DEPOSIT – CHANGES

Changes have been made to increase the non-primary production income threshold from $50,000 to $65,000 per year and the total amount that a primary producer can hold in farm management deposits from $300,000 to $400,000.

Press Release

For more information, please see the Minister for Agriculture, Fisheries and Forestry’s media release number DAFF06/158PM.

Legislation and supporting material

Legislation to bring this measure into affect was contained in Tax Laws Amendment (2006 Measzures No. 7) Bill 2006 which was introduced into Parliment on 7 December 2006.

The associated Explanatory memorandum is also available

Further information:

For further information on Farm management deposits, please see:

  • Farm management deposits scheme
  • Bushfires and primary producers
  • Farm management deposit reporting in the AIRR
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