Reforms to conservation tillage offset

The government announced on 29 June 2012 that it will change the eligibility requirements for the conservation tillage refundable tax offset following feedback from primary producers. Primary producers who purchase the tool and cart or just the tool component will now be able to access the offset.

The change to the eligibility requirements applies from 1 July 2012.

Media release

Refer to media release No 058 Reforms to conservation tillage offset issued on 29 June 2012 by the Assistant Treasurer.

Legislation and supporting material

The following legislation received royal assent on 10 December 2012:

• Tax Laws Amendment (2012 Measures No. 5) Act 2012.
• Explanatory Memorandum.

More information For more information see: Conservation tillage refundable tax offset Conservation tillage refundable tax offset on the Department of Agriculture, Fisheries and Forestry website Department of Climate Change and Energy Efficiency 'Farming for the Future'.