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Essentials

Developed to help primary producers better manage cash flow uncertainties, the Farm Management Deposit account lets you build cash reserves. Hold farm management deposits for at least 12 months to be eligible for the taxation benefits.

To be eligible for the Farm Management Deposits scheme, you must:

  • Be an individual primary producer earning no more than $100,000 in non-farm income
  • Hold a minimum deposit of $1,000, not exceeding $800,000
  • Hold farm management deposits for at least 12 months to qualify for tax benefits.

You can read more here:

Things you should know

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 110KB)

Tax information is only a guide. It's important to obtain independent expert tax advice.

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