Overview
The Farm Management Deposits Scheme provides primary production businesses with tax deductions on farm management deposits to help them manage inconsistent income from natural disasters, climate and market changes. Eligible primary producers can set aside pre-tax income during years of high income and draw it in future years as needed.
Eligibility Requirements
Must be carrying on a primary production business, be an individual (sole trader, partner, or trust beneficiary - not companies or trusts), and have taxable non-primary production income not exceeding $100,000 in the income year of deposit.
Who Can Apply
Relevant Industries
How to Apply
Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.
Visit the official application page