You can access part or all of your funds in your Farm Management Deposit (FMD), however there may be tax implications for doing so. In some circumstances, such as natural disaster or drought, you may be able to access your FMD without losing your tax deduction. Please refer to the Australian Tax Office (ATO) Farm Management Deposits Scheme for full eligibility criteria.
You should seek the advice of an accountant or tax professional before requesting a full or partial repayment.
Any repayment of the FMD must be at least $1,000, except where the entire amount is repaid.
Further information is available in our Term Deposit Account Terms and Conditions.