NAB Farm Management Deposit

A tax-linked risk management tool, which can assist primary producers to make provision for fluctuations in earnings caused by adverse economic and seasonal changes and to receive concessional tax treatment in the process of making such provisions of earnings.

Statutory eligibility criteria
  • Taxable non-primary production income of $65,000 or less
  • An individual who carries on a primary production business in Australia (other than as a trustee of a trust estate)
  • A partner in a partnership that carries on a primary production business in Australia (not being a company) 
  • A beneficiary (not being a company) who is presently entitled to a share in the trust estate, where the trustee carries on a primary production business in Australia.
Other important information

Only an individual is eligible to open a Farm Management Deposit
Choice of term

Customers can choose to invest from 7 days to 2 years dependant on the amount of funds being invested.

It must be noted however that the tax benefits are not retained for deposit amounts withdrawn in the first 12 months after the deposit was made.*
Interest paid

Yes. Customers can choose from a range of interest rates that vary according to the term and the amount of the investment
Interest payments For investments of $5,000 or more and with terms of one year or more, interest can be paid monthly, quarterly, half yearly, annually and at maturity of the term.
Minimum deposit

$1,000
Maximum deposit

$400,000

* NAB recommends that you ask your tax adviser or financial consultant to indicate what the taxation consequences might be in respect of a NAB Farm Management Deposit. Eligibility criteria apply to primary producers under the Farm Management Deposit scheme. Subject to certain exceptions. For more details, please refer to the NAB Term Deposits (including Farm Management Deposit and NAB Connect Term Deposit Investment Service) Terms and Conditions.

More information

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