Open NowBusiness
Farm Management Deposits Scheme
Australian Government · Australia
The Farm Management Deposits Scheme provides eligible primary producers with tax deductions on farm management deposits. It helps primary production businesses manage inconsistent income caused by natural disasters, climate variability and market changes.
Deadline
Rolling / Ongoing
Location
Australia
Who Can Apply
• Must be carrying on a primary production business at the time the deposit is made
• Must be an individual
• Eligible individual structures include sole trader, partner in a partnership, or beneficiary of a primary production trust
• Companies are not eligible
• Trusts are not eligible as applicants
• Deposits cannot be made jointly with another person or people
• Taxable non-primary production income must not exceed 100000 in the income year the deposit is made
To be eligible for the FMD scheme, applicants must be carrying on a primary production business at the time they make a deposit, be an individual (either as a sole trader, a partner in a partnership or a beneficiary of a primary production trust), and have taxable non-primary production income not exceeding $100,000 in the income year the deposit is made. Companies and trusts are not eligible, and deposits cannot be made jointly with another person or people.
What's Funded
Making farm management deposits from pre-tax income derived from primary production activities as part of business risk management.Expected Outcomes
Improved cash flow and income smoothing for primary producers through tax-deductible deposits that can be withdrawn in future years when needed.Key Information
Applicant Types
sole_traderpartnershiptrustindividual
Stage
any
Funding Purposes
other
Keywords
farm management depositsprimary producerstax deductionagricultureincome smoothingrisk managementprimary production
Frequently Asked Questions
1
What is the Farm Management Deposits Scheme?
The Farm Management Deposits Scheme is a business grant offered by Australian Government in Australia. The Farm Management Deposits Scheme provides eligible primary producers with tax deductions on farm management deposits. It helps primary production businesses manage inconsistent income caused by natural disasters, climate variability and market changes.
2
Who is eligible for the Farm Management Deposits Scheme?
- Must be carrying on a primary production business at the time the deposit is made
- Must be an individual
- Eligible individual structures include sole trader, partner in a partnership, or beneficiary of a primary production trust
- Companies are not eligible
- Trusts are not eligible as applicants
- Deposits cannot be made jointly with another person or people
- Taxable non-primary production income must not exceed 100000 in the income year the deposit is made
3
What activities are funded?
Making farm management deposits from pre-tax income derived from primary production activities as part of business risk management.
4
How do I apply for the Farm Management Deposits Scheme?
Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.
Need help applying?
Beta Docs has helped founders secure $160M+ in competitive grants. Our AI platform drafts compliance-perfect applications — and our expert reviewers make sure you stand out.