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Agribusiness Intensive

Published on 28 Apr 2022 | Took place at Stamford Plaza Brisbane & Online, National

This event covers:

  • A comprehensive review of the agribusiness economic outlook both in Australia and internationally
  • Reviewing the impact of death on a primary production business in the context of an ongoing business and considering appropriate succession planning strategies to achieve the best commercial and tax outcomes as well as looking at alternative sources of capital to develop and expand an existing agribusiness
  • Preparing appropriate legal documentation to ensure sought after outcomes are achieved
  • Identifying appropriate carbon farming strategies than can be employed to assist agribusiness to progress to “net zero” and reviewing various programs that will enable primary producers to position themselves to achieve good commercial outcomes from employing such strategies
  • Undertaking an extensive evaluation of deductions for capital expenditure incurred by primary producers
  • Critical analysis of the tax management tools and approaches to the management of tax liability in a primary production business to achieve the objective of maximising working capital
  • The ATO perspective on the key tax issues for primary producers
  • The challenges and opportunities of using self-managed superannuation to invest in agribusiness.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Keynote address – Long term sustainability

Author(s):  Michael Whitehead

This presentation covers:

  • Economic overview – Domestic and international - the likely impact on demand for individual food and fibre items
  • Cost pressures on the horizon – managing increasing input costs (fertilisers, chemicals, energy)
  • Current bank lending practice for primary productions businesses – acquisition of land, capital expenditure and working capital
  • The issues facing primary producers in a climate conscious world and the role of primary producers in assisting Australia meet its emissions targets
  • The impact that COVID-19 has had on production in the short term and may have in the long term. 
Materials from this session:

The impact of death on agribusiness

Author(s):  Brendan COCKERILL

This paper covers:

  • The problems that can arise when an untimely death occurs in a farming business,
  • Some suggestions of how to deal with those problems; and
  • The benefits of an organised death.
Materials from this session:

Agribusiness Business Transition – Putting Success into Succession

Author(s):  Frances Becker,  Brett HEADING

This presentation covers practical insight into the benefits of building a complete succession and business transition plan early and outline a range of tips and traps that require careful consideration.

Materials from this session:

Transitioning the family farm to a corporate structure

Author(s):  Duncan Bedford,  Brian Wray

This paper covers:

  • Why corporatisation can be a valuable option in succession planning and outline considerations to keep in mind when exploring this route
  • Various corporate structuring alternatives that can be beneficial but traditionally less common in family agricultural business to date
  • A step you though the stages required to implement a successful restructure to a corporate group providing tips and insights from previous experiences with a strong focus on the practical aspects.

 

Materials from this session:

Legal documentation in agribusiness

Author(s):  Hannah Barbour,  Melissa Simpson,  Lauren Trickey

This paper covers the benefits of ensuring tailored legal documentation is in place and will provide some insight into the
typical legal documentation required.

Materials from this session:

Carbon farming panel

Author(s):  Hamish Webb

The presentation covers:

  • Carbon market overview
  • Role of agribusiness in the carbon market
  • Accounting for carbon farming arrangements and carbon audit requirements
  • Tax treatment of carbon farming arrangements.
Materials from this session:

Capital expenditure deductions for agribusiness

Author(s):  Thomas TULLEY,  Thomas Brennan

This presentation covers a number of the special rules to help maximise current deductions and minimise future tax on disposal.

Materials from this session:

Tax liability management for primary producers

Author(s):  Tom DELANY

This paper covers a comprehensive coverage of the various factors that impact on a primary producer’s tax liability over time and provide guidance on how retention of working capital can be optimised.

Materials from this session:

The Tax Office insights into issues for Primary Producers

Author(s):  George Grespos,  John MIDDLETON,  Troy Whelan

This presentation covers an outline of director penalty notices and an update on the Tax Avoidance Task force.

Materials from this session:

Agribusiness challenges for SMSFs

Author(s):  Neal DALLAS,  Victoria Mercer

This paper covers:

  • Asset acquisition, improvements and changes of use
  • Limitations to carrying on business in the SMSF
  • Non-arm’s length risks
  • Timing the exit/transfer strategy.
Materials from this session: