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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


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879