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Rural Bank first to confirm FMD offset solution under new legislative changes

Changes to the FMD scheme

Categories: General, General

The Australian Parliament has passed legislation boosting the Farm Management Deposit scheme, with the changes to take effect from 1 July 2016. The changes, announced in the Government’s 2015 Agricultural Competitiveness White Paper, recognise the challenges faced by modern farming businesses and give Australian farmers another tool to manage risk and plan for the future.

Here, we present the changes and what they mean.

  Changes to the Farm Management Deposit Scheme - What you need to know (PDF, 190kb)

  Media Release (PDF, 45kb)

Source: Rural Bank

 

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