Source: http://clik.dva.gov.au/print/book/export/html/16252
Timestamp: 2019-06-17 08:41:22
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﻿ Requirement for Sugarcane Farmer to Divest all Sugarcane Farming Interests
Home > Compensation and Support Policy Library > Part 5 Income Support Allowances and Benefits > 5.10 Retirement Assistance for Sugarcane Farmers Scheme (RASF) > 5.10.3 Requirements Applicable to Sugarcane Farm Transfer > Requirement for Sugarcane Farmer to Divest all Sugarcane Farming Interests
Where both the retiring sugarcane farmer and partner [3] own the sugarcane farm enterprise [3], both partners must divest all their sugarcane farming interests. Where the retiring sugarcane farmer and another person own the sugarcane farm enterprise in a partnership [3], only the retiring sugarcane farmer and their partner are required to divest their share.
Shares or units that the sugarcane farmer holds in sugarcane farming co-operatives essential to the running of the sugarcane farm enterprise and shares that the sugarcane farmer owns in other sugarcane farms are required to be divested. A sugarcane farmer who owns or has shares in more than one sugarcane farm [3] is required to divest all sugarcane farming interests and properties.
The only exemption to the requirement to divest all sugarcane farming assets is the dwelling, house and curtilage [3] on the sugarcane farm, where the dwelling is the sugarcane farmer's principal home [3].
Section 49Q(1) [8] VEA
Section 49Q(2) [8] VEA
5.10.7/Assessment of Sugarcane Farm Value [10]
Chapter 9.6 [12]
Section 49R(5) [8] VEA
5.10.7/Retaining a Life Interest [15]
According to subsection 5PAA(1) of the VEA [17], a sugarcane farm enterprise is a farm enterprise [3] where:
According to subsection 5PAA(1) of the VEA [17], a sugarcane farm is a farm that is used predominantly for the purposes of a sugarcane farm enterprise [3].
Source URL (modified on 20/10/2014 - 3:25pm): http://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5103-requirements-applicable-sugarcane-farm-transfer/requirement-sugarcane-farmer-divest-all-sugarcane-farming
[1] http://clik.dva.gov.au/user/login?destination=node/16252%23comment-form
[2] http://clik.dva.gov.au/book/export/html/16252#tgt-cspol_part5_ftn430
[4] http://clik.dva.gov.au/book/export/html/16252#tgt-cspol_part5_ftn431
[5] http://clik.dva.gov.au/book/export/html/16252#tgt-cspol_part5_ftn432
[6] http://clik.dva.gov.au/book/export/html/16252#tgt-cspol_part5_ftn433
[7] http://clik.dva.gov.au/book/export/html/16252#tgt-cspol_part5_ftn434
[9] http://clik.dva.gov.au/book/export/html/16252#ref-cspol_part5_ftn430
[10] http://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5107-valuation-sugarcane-farm-assets/assessment-sugarcane-farm-value
[11] http://clik.dva.gov.au/book/export/html/16252#ref-cspol_part5_ftn431
[12] http://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/96-deprivation-income-and-assets
[13] http://clik.dva.gov.au/book/export/html/16252#ref-cspol_part5_ftn432
[14] http://clik.dva.gov.au/book/export/html/16252#ref-cspol_part5_ftn433
[15] http://clik.dva.gov.au/compensation-and-support-policy-library/part-5-income-support-allowances-and-benefits/510-retirement-assistance-sugarcane-farmers-scheme-rasf/5107-valuation-sugarcane-farm-assets/retaining-life-interest
[16] http://clik.dva.gov.au/book/export/html/16252#ref-cspol_part5_ftn434