Document ID: chunk:federal_register_of_legislation:F2022C00406:reg:7
Version: federal_register_of_legislation:F2022C00406
Segment Type: reg
Provision Reference: reg 7
Character Range: 6374–7241

7  When a business is an eligible farm business
 (1) Eligible farm businesses are those:
 (a) where at least one member of the farm business is an Australian citizen or a permanent resident; and
 (b) that are financially viable, or have sound prospects of becoming financially viable within the term of the loan; and
 (c) that undertake all primary production aspects of the business wholly within Australia; and
 (f) that are carried on by a sole trader, partnership, a trust, or corporation (within the meaning of the Corporations Act 2001); and
 (g) where the entity carrying on the farm business is registered for tax purposes in Australia with an Australian Business Number, and is registered under the A New Tax System (Goods and Services Tax) Act 1999; and
 (h) where the entity carrying on the farm business is not under external administration or bankrupt.