VEA ? [2]
The criteria for transfer of a sugarcane farm [3] or farms under the scheme that allows the sugarcane farm property to be disregarded under the disposal of assets [3] rules are as follows:
VEA ? [10]
Where an eligible widow/widower or former partner of a qualifying sugarcane farmer [3] has an interest in the farm, that person may also benefit from RASF, even though they themselves may not meet the definition of a qualifying sugarcane farmer. Such a person is still required to meet further eligibility requirements for RASF. In most cases, a widow or widower would meet the definition of a qualifying sugarcane farmer because ownership of the farm was transferred to them upon the death of their partner.
More ? [11]
According to subsection 5PAA(1) of the VEA [29], a sugarcane farm is a farm that is used predominantly for the purposes of a sugarcane farm enterprise [3].
Disposal of assets is generally referred to as deprivation. Deprivation occurs where a person disposes of an asset [3] and/or income for less than the value of the asset and/or income.
According to subsection 5P(1) [29] of the VEA, an eligible descendant in relation to a person means:
VEA [30]
Qualifying sugarcane farmer – 15 years continuous involvement
Subsection 5PAA(3) [29] VEA
Qualifying sugarcane farmer – 20 years involvement
Subsection 5PAA(4) [29] VEA
VEA (go back) [31]
A person is considered to be a qualifying sugarcane farmer if they have:
During either period the person or their partner must have derived a significant part of their income [3] and contributed a significant part of their labour [3] to the development of a sugarcane farm for at least the last two years.
Refer to subsections 5PAA(3) and 5PAA(4) for the full definition.
Retirement age for a person who is a war widow/widower means the pension age [3] that would apply to that person if he or she was a veteran.
For any other person, retirement age is the pension age for that person.
Refer to subsection 5Q(1) of the VEA [29] for the full definition.
According to subsection 5PAA(1) of the VEA [29], relevant sugarcane farm assets in relation to a sugarcane farm [3], means any relevant farm asset or assets [3] that are a produce of, or are used for the purposes of, a sugarcane farm enterprise [3].
According to subsection 5PAA(2) [32] of the VEA, a person is an eligible former partner of a qualifying sugarcane farmer [3] if:
the person has an eligible interest [3] in a sugarcane farm [3] or sugarcane farms in which the other person had an eligible interest.
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16155%23comment-form
[2] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn415
[3] https://clik.dva.gov.au/%23
[4] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn416
[5] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn417
[6] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn418
[7] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn419
[8] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn420
[9] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn421
[10] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn422
[11] https://clik.dva.gov.au/book/export/html/16155#tgt-cspol_part5_ftn423
[12] https://clik.dva.gov.au/service-eligibility-assistant-updates/all-determinations-order-date-signed-oldest-most-recent/determinations-under-vea
[13] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn415
[14] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5103-requirements-applicable-sugarcane-farm-transfer/requirement-transfer-eligible-descendant
[15] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn416
[16] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5104-requirements-applicable-sugarcane-farmer-partner-or-former-partner/sugarcane-farmer-must-be-qualifying
[17] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn417
[18] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5106-claims-participation-rasf/lodgement-rasf-claim
[19] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn418
[20] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5107-valuation-sugarcane-farm-assets/application-assets-limit
[21] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn419
[22] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5105-requirement-active-involvement-eligible-descendants/active-involvement
[23] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn420
[24] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5108-sugarcane-farmers-income-test/application-sugarcane-farmers-income-test
[25] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn421
[26] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn422
[27] https://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5104-requirements-applicable-sugarcane-farmer-partner-or-former-partner/requirements-applicable-widowwidower-or
[28] https://clik.dva.gov.au/book/export/html/16155#ref-cspol_part5_ftn423
[29] http://clik.dva.gov.au/legislation-library
[30] https://clik.dva.gov.au/book/export/html/16155#tgt-glossary_glossary_ftn5
[31] https://clik.dva.gov.au/book/export/html/16155#ref-glossary_glossary_ftn5
[32] http://clik.dva.gov.au/node/32981