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  • What pre paid expenses are covered by these rules?



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    These rules apply where, under an agreement, the following requirements are satisfied:

    • the prepaid expenditure is incurred on or after 2 October 2001 and on or before 30 June 2006
    • the eligible service period for the expenditure is 12 months or less and the 12-month period ends on or before the last day of the income year following the year in which the expenditure was incurred
    • the expenditure is for seasonally dependent agronomic activities undertaken during the establishment period.
    Last modified: 10 Dec 2019QC 27429