IN THIS SECTION:
Farm Infrastructure Tax Concessions
14 May 2015
The National Farmers’ Federation (NFF) is supporting calls by the Minister for Agriculture, the Hon. Barnaby Joyce, to bring forward the commencement date for accelerated depreciation for fodder, fencing, silos and water upgrades.
The proposal to introduce this important concession for drought preparedness has been enthusiastically received by farmers across Australia.
Unfortunately, the NFF has received feedback from members that the delayed implementation date has been a source of confusion, and will leave small businesses like rural supply stores hanging on until 2016-17 to get a boost from these measures.
The NFF encourages the Treasurer to seriously consider bringing forward the start date for farm infrastructure tax concessions to the earliest possible moment.
Media Enquiries: Sophie Keatinge on 02 6269 5666, 0408 448 250 or
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