Policy

Date of transfer is date legal title passed

Situations where loan repayment occurs prior to death

Last amended: 27 March 2014

See Also

This section covers policy concerning the requirement for an eligible descendant to have been actively involved in the operation of a farm when that farm was transferred to that eligible descendant under RAFS.

Last amended: 22 April 2014

This section outlines the membership requirements to accrue a bonus.

Date of transfer is date legal title passed

VEA→

The date that transfer of a [glossary:farm:68] is effected is the date that legal title is passed. This is shown on the certificate of title.

The earliest possible date that a farmer could be considered for eligibility under RAFS was the date of transfer of the legal title to the land.

Last amended: 1 August 2014

Government rent – full subsidy

Why must a farmer divest all farming interests?

One of the aims of RAFS was to allow older farmers to retire from farming. In keeping with this, it was necessary for the farmer to dispose of all their farming interests if they wished to participate in RAFS.

Requirement to divest all farming interests

Requirement for qualifying sugarcane farmer

Section 49Q(1) VEA

Requirement for former partner

Section 49Q(2) VEA