Primary Production Activities – Tax Refund On Spot

Operating a business

If your activity is a type of business of primary production and must carried on a business are consider as business. However, If you doing such type of activity for just hobby and a form of a recreation, these mean that you are not operating a business.

Plant or animal cultivation

Plant and animal cultivation such as:

  • cultivating or propagating plants, fungi or their products or parts (including seeds, spores, bulbs and similar things) in any physical environment
  • care of animals in regards to selling and bodily produce
  • manufacturing dairy produce from raw material that you produced.

Fishing or pearling

Fishing and pearling activity includes:

  • taking or catching fish, turtles, dugong, bêche-de-mer, crustaceans or aquatic molluscs
  • taking or culturing pearls or pearl shell.

Tree farming or felling

Tree farming and felling includes:

  • Planting trees in plantation or Forest, your intention is cut down the trees
  • felling trees in a plantation or forest
  • transporting trees or parts of trees that you felled in a plantation or forest to the place
  • - where they are first to be milled or processed
  • - from which they are to be transported to the place where they are first to be milled or processed.

If you are operating a business of establishing trees for the purpose of carbon sequestration (carbon sink forests), you will be eligible for carbon sink forest deductions.

Beneficiaries of primary production trusts

If you are the nominated beneficiaries of primary production trust and you made a loss on it so, you may be eligible if you:

  • If your business has a turnover( gross income – GST) of $75000 or more
  • when you start a new business and expect your turnover to reach the GST threshold (or more) in the first year of operation
  • if you're already in business and have reached the GST threshold
  • if you have non-profit organisation has a GST turnover of $150,000 per year or more
  • when you provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover – this applies to both owner drivers and if you lease or rent a taxi
  • if you want to claim fuel tax credits for your business or enterprise.

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