Farm Management Deposit

Call your Agribusiness Banker or Country Business Direct on
1300 134 979

Farm Management Deposits (FMD) scheme for primary producers provides tax concessions and effective risk management benefits. FMD operates in a similar way to a term deposit and can assist in smoothing out the ups and downs associated with the business , seasonal and economic cycles of Agribusiness. FMD provide flexibility and choice in investment and farm management decisions.

Features and Benefits | Additional Information | Compare Savings and Investment Accounts

Features and Benefits

Minimum deposit of $1000 with a maximum of $400,000 held with one institution.¹
Deposit may be fully tax deductible in the year deposit made and fully taxable in the year withdrawn.²
Flexible terms available but the deposit must be held for a minimum of 12 months.
No bank fees
Bonus interest rates for amounts from $20,000 to less than $250,000 (not available in conjunction with any other special offer).

Additional Information

Additional benefits exist for primary producers who are in areas covered by an Exceptional Circumstances Declaration.
For more information on the Farm Management Deposit scheme visit the Agriculture Fisheries and Forestry Australia website.

For more information

Call your Agribusiness Banker or Country Business Direct on 1300 134 979.

Community involvement

How we help to create positive outcomes in the community.

1. Other conditions apply, for instance you must be an individual primary producer whose taxable non farm income must be less than $65,000 and whose FMD accounts are all held with Westpac. Fees and charges may be payable. Full terms and conditions available on request. These may be varied or new terms and conditions introduced in future.

2. The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation.

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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