Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
  Version 4 of 4    

667D. Succession farm partnerships

(1) A primary participant, in relation to a registered farm partnership may apply to the Minister to also enter the registered farm partnership on the register of succession farm partnerships established and maintained under and in accordance with this section and regulations under subsection (7) (in this section referred to as the 'register of succession farm partnerships') and shall comply with all requirements relating to the application so specified.

(2) In order to be entered on the register of succession farm partnerships, a registered farm partnership shall comply with all of the following conditions:

(a) subject to subsections (3) and (4), the farm partnership shall have at least 2 members, each of whom shall be a natural person,

(b) of the members of the farm partnership -

(i) at least one shall comply with clause (I) of section 667C(1A)(b)(v), in so far as that clause refers to owned farm land, (in this section referred to as the 'farmer'), and

(ii) of the others, each member

Comparing proposed amendment...