• What pre paid expenses are covered by these rules?

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

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    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: 18 Jun 2002QC 27429