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  • Farm management deposits scheme

    The farm management deposits (FMD) scheme is designed to enable you, as a primary producer, to deal with varying income.

    Subject to certain conditions, deposits are deductible in the year you make them. We treat your redraw (which we refer to as a repayment) as assessable income in the year you withdraw it.

    If you redraw an amount within 12 months of depositing it, you cannot claim a tax deduction for it unless the repayment is due to an exceptional circumstance, drought or applicable natural disaster.

    See also:

    Last modified: 19 Mar 2019QC 42302