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29 Apr 13 Changes to the Farm Management Deposits Scheme

In media release No 2013/056, issued 27 April 2013, the Treasurer, Wayne Swan, announced that the Government will increase the non-primary production income threshold from $65,000 to $100,000 for the Farm Management Deposits scheme and existing eligible Farm Management Deposits accounts will be able to be consolidated.

It is anticipated that the changes will take effect from 1 July 2014.

The Government has issued a factsheet outlining the changes.


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