Rural Products Prepayment Program - Elders Rural Services

Prepay with Elders

Through the Elders Rural Products Prepayment Program (formerly Farm Supplies Prepayment Program) you can prepay into your Elders prepayment account and receive a 4.2 per cent p.a. reward on future rural products purchases.*

Simply download the application form below, or request an application form from your local Elders branch. Once approved, an invoice will be provided and a reward of 4.2 per cent p.a. will be applied to your prepayment account.

Who is eligible?

To be eligible for the Elders Rural Products  Prepayment Program, you must lodge funds in an Elders Rural Products Prepayment Account.

Minimum amount to be deposited is $10,000.

What is the reward?

A reward of 4.2 per cent p.a. will be applied to the prepayment account.

What is the reward period?

The prepayment amount and reward earned must be used within 12 months from lodgement.

If the amount deposited is not used within the determined time period, the reward amount will be forfeited.

What are the terms?

Once deposited you cannot withdraw that money under any circumstances.

The reward amount is applied to the account each month. It is not interest and cannot be paid out as funds. Rewards amount must be used to purchase Elders rural products.

There will be no account keeping fees charged to you.

See the full terms and conditions.

What about Tax?

A tax invoice will be issued to you upon recipient of the prepayment lodged.

Elders has obtained a ruling from the ATO that the prepayment is tax deductible in the year that it was paid. Certain conditions apply so clients should seek their own independent advice.

How do I sign up?

Simply download the form below and return it to your local branch.

Application form

 

Contact your local Elders Branch to apply now.

Find your local branch
Exclusions apply. For full terms and conditions, contact your local Elders branch or financialservices@elders.com.au. Elders has obtained a ruling from the ATO that the prepayment is tax deductible in the year that it was paid under certain conditions. This material has been prepared for informational purposes only, and you should consult your own tax, legal and accounting advisers before engaging in any transaction. You should obtain tax advice before claiming a tax deduction. Elders is not authorised under the Banking Act and is not supervised by APRA. The investment will not be covered by the depositor protection provisions in section 13A of the Banking Act. The investment will not be covered by the financial claims scheme established under Division 2AA of the Banking Act.