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Continuous period of 15 years eligible interest
The 15 year eligible interest period must have been continuous.
Documents such as title deeds for the previously owned sugarcane farms should be obtained to verify that there have been no gaps in sugarcane farm ownership. In these situations, it may be easier for the person to satisfy the 20-year involvement in farming test.
A sugarcane farmer holds an eligible interest in a sugarcane farm if they:
- have a legal estate or interest in the sugarcane farm, or
- have a transferable legal right or a transferable licence to occupy the farm for a particular purpose of the sugarcane farm enterprise, or
- have an equitable estate or interest in a farm, as mortgagor of the legal estate or interest in the farm; or
- are a shareholder in a private company that owns or holds a pastoral lease over the farm land.
Refer to subsection 5PAA(5) for the full definition.
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