The Tax Office has recently announced the introduction of a 15% rebate on the purchase of eligible ‘seeders’. One of the qualifications to receive the rebate is that the eligible equipment is purchased between 1 July 2012 and 30 June 2015 so if you need one don’t purchase it outside of these dates. Also it’s a ‘refundable offset’ meaning that if your primary production business is running at a loss you will still be refunded the 15%.
You will also need to obtain a research participation certificate from the Dept of Agriculture in order to qualify. Click on the following links for more info at the ATO and DAFF websites:
http://www.ato.gov.au/content/00308872.htm
http://www.daff.gov.au/climatechange/carbonfarmingfutures/rto
