Here are some practical tips to get you on your way:
- Transport subsidies are available to primary producers who have less than $1 million gross off-farm assets (excluding superannuation in registered funds) and includes owner carriers, based on truck size.
- Required paper work includes LLS rates notices and council rates notices, in addition to tax invoices for transport.
- Owner carriers can use log book records, vendor declarations or invoices showing proof of sale/purchase, and will need copies of truck registration papers.
- Further information required for transport subsidies includes pick-up/delivery addresses and kilometres travelled, so be sure to chase these up from transport providers if necessary.
- In addition to transport subsidies, some fees and charges, such as LLS rates, will also be waived. Most will happen automatically, but to avoid registration costs of Class 1 agricultural vehicles, you must apply through Service NSW at the time of registration renewal.
- Farm asset testing for the Farm Household Allowance has increased to $5 million as of 1 September 2018, potentially opening eligibility to a much wider group. The application process is still extensive, but assistance is available so please shout out.
For further information, please contact one of our offices. Alternatively a variety of links and resources are accessible via the Agriculture page on our website.