Important to be aware of single farm entitlements to receive maximum pay
Otherwise, any unused entitlements will be lost to the National Reserve. This is particularly important if you have leased out entitlements. These need to be used by the person who is leasing your land.
Check the date that the transfer period runs to. This transfer document may need to be completed again this year and, remember, that you can only lease out an entitlement with one hectare of eligible ground.
If you have entitlements of different values, you need to check that they are all being claimed once every two years.
The department will automatically pay higher value entitlements first and the lower value entitlements may not be rotated. If this is the case, they will get lost to the National Reserve. Use the payment order form to select the lower value entitlements for payment first. This will keep the entitlements active but will result in a lower SPS cheque for 2012. Alternatively, you may choose to sell these entitlements, if you do not have enough land to claim them.
When you are reviewing your will, make sure that the entitlements are mentioned.
If not, then they are included in the ‘residue’ of the will, and may not go to the person whom you had intended to get them. They do not automatically go with the land.
