A farmer holds a qualifying interest in a [glossary:farm:68] if they:
- have legal ownership of the farm land;
- hold a pastoral lease over the farm land;
- hold an equitable interest in general law land which is mortgaged; or
- are a sharefarmer in a private company that owns or holds a pastoral lease over the farm land.
Refer to section 5P(5) of the VEA for the full definition.