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More GST information for farmers.



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MEDIA RELEASE

HON WARREN TRUSS MP

MINISTER FOR AGRICULTURE, FISHERIES AND FORESTRY

AFFA00/? WT

24 January 2000

 

MORE GST INFORMATION FOR FARMERS

 

The Minister for Agriculture, Fisheries and Forestry, Warren Truss, today announced the r elease of a detailed guide and audiotape on the goods and services tax (GST) for primary producers.

 

“These resources are a welcome boost to other information already available to primary producers as they prepare for the introduction of the GST and the new tax system on 1 July,” Mr Truss said.

 

Agriculture, Fisheries and Forestry - Australia (AFFA) has produced the 178-page book, Your Farm Business and the GST — a Detailed Guide, and the 30-minute tape, with the assistance of farming organisations and independent tax experts familiar with farm issues and operations.

 

The tape, and information on Government-funded GST seminars and workshops being held by State farming and rural industry training organisations in rural centres in all States and the Northern Territory, have been mailed to about 111,000 primary producers.

 

Farmers should begin receiving the new materials this week.

 

Both the book and the tape will also be available through State farming and rural industry training organisations and at the seminars and workshops they are conducting.

 

“These resources will help to answer many of the questions farmers are asking about the GST and changes to their businesses and how they can use the new tax in the most efficient and advantageous manner possible,” Mr Truss said.

 

“They recognise that farm sales and business operations are different to many others and explain how the GST works in relation to a wide variety of ways of selling livestock, crops and farm produce.

 

“They also clearly explain how primary producers can best manage their businesses to cope with the introduction of the GST and how they can use it to their advantage to boost their cash flow.

 

“However, they are not meant to be a substitute for the detailed professional advice that farmers would normally obtain from their accountants and legal advisers.

 

“I also urge primary producers and people running small to medium sized rural businesses to make every effort to attend a free GST seminar or workshop over the next few months.”

 

Mr Truss said the G overnment had allocated $15.25 million for the rural GST education program so that people throughout rural and regional Australia, even in small towns and remote areas, have access to information about the new tax system.

 

Ends

 

For copies of the GST book call Allan Sharp (AFFA) 0262723971

Andrew Hall - Media Adviser 02 6277 7520 0419 996 766

andrew.hall@atfa.gov.au

www.affa.gov.au

 

 

jk  2000-01-25  14:37