Policy

Eligible descendant must have had active involvement

The [glossary:eligible descendant:202] that the farm was transferred to must have had an [glossary:active involvement in the farm:394] over the last three years.    

DFISA was removed 1 January 2022.  This is for historical reference only.

Transfer requirements where sugarcane farm owned by a private company

Net assets limit of $500,000 applies

Family Tax Benefit and Rent Assistance Eligibility    

How the value of the sugarcane farm enterprise is assessed

All primary production assets and liabilities are aggregated in order to calculate the net value of the [glossary:sugarcane farm enterprise:704]. This includes the net value of the:

Last amended: 22 April 2014

This section outlines the eligibility criteria for participation in the pension bonus scheme.

DFISA was removed 1 January 2022.  This is for historical reference only.

DFISA payment differed from expected rate

Some people, eligible for DFISA, may have received less [glossary:DFISA:674] payment than they thought they would receive. There were two reasons that a person may have received less DFISA than the expected rate or may have had the rate calculated as nil. These were where the person was:

Date of transfer is date legal title passed