Policy

What was considered to be active involvement?

VEA→

A person was considered to be actively involved in a [glossary:farm enterprise:219] if they:

How the value of the farm enterprise was assessed

All primary production assets and liabilities were aggregated in order to calculate the net value of the [glossary:farm enterprise:219]. This included the net value of the:

• house and other buildings,
• land,
• capital improvement,
• machinery,
• plant and livestock etc.

Example assessment of farm value

If a farmer owned a $700,000 farm with a $250,000 mortgage, for the purposes of RAFS, the value of the farm was $450,000.

Last amended: 22 April 2014

This section outlines the factors affecting calculation of a bonus.

This section covers the requirement for an [glossary:eligible descendant:202] to be [glossary:actively involved with a sugarcane farm:701] when that [glossary:sugarcane farm:618] is transferred to that eligible descendant under RASF.

This chapter outlines the eligibility requirements and general features of the [glossary:Defence Force Income Support Allowance:674] which commenced on 20 September 2004 and ceased on 1 January 2022.  From 1 January 2022, adjusted disability income became exempt under the Social Security Act 1991 income test and thus DFISA became redundant.  DFISA was removed from the VEA under the Veterans' Affairs Legislation Amendment (Exempting Disability Payments from Income Testing and Other Measures) Act 1991.

Last amended: 22 April 2014

Bonus periods applicable to war widow/widower who has deferred age pension

Definition of a qualifying sugarcane farmer

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  This is for historical reference only.