ato logo
Search Suggestion:

What pre paid expenses are covered by these rules?

Last updated 9 December 2019

These rules apply where, under an agreement, the following requirements are satisfied:

  • the prepaid expenditure is incurred on or after 2 October 2001 and on or before 30 June 2006
  • the eligible service period for the expenditure is 12 months or less and the 12-month period ends on or before the last day of the income year following the year in which the expenditure was incurred
  • the expenditure is for seasonally dependent agronomic activities undertaken during the establishment period.

QC27429