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Qualifying Interest

A farmer holds a qualifying interest in a farm 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.



According to subsection 5P(1) of the VEA, a farm means any land that is used:

  • For the purposes of a farm enterprise; or
  • In connection with a farm enterprise.



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