Gain more on Grain, Fertiliser and Stockfeed Purchases
XLD Prepayment Benefits
6.5 per cent per annum return is added to your total deposit amount, giving you more to spend on inputs, for less.
Claim tax deductions on your deposit*, this is an ATO approved product that could reduce your tax liability this financial year.
Lock in your spend in advance on grain, fertiliser and stockfeed for the coming season.
Use your deposit over 12 months.
Chose the pricing option that best suits your business, maximise Price Surety with our distinctive Fixed Price option.
Place funds on deposit with XLD Commodities against a future delivery of inputs and earn 6.5% P.A on funds deposited.
Price your grain or fertiliser on the day of delivery (or earlier).
A tax invoice will be issued to you upon receipt of the prepaid amount.
Fix the price of your grain, fertiliser or stockfeed before the end of the financial year for the next 12 months.
A tax invoice will be issued once the payment has been made. The 6.5% return will be included in the final price
How to get started with XLD Prepayment
To discuss your needs or learn more contact Charlie Eastoe (0447 344 103).
Terms and Information
The prepaid amount must be used within 12 months from the prepayment date and cannot be withdrawn. If the paid amount is not redeemed within the 12-month period, the reward amount will cease to be applied.
Minimum Amount – $20,000
Eligible Participants – A Small Business entity as defined by the ATO. In general terms, this is a Business with a turnover of less than $50m per annum.
XLD Commodities Pty Ltd ABN 83 144 818 477 (XLD Commodities), its employees, agents or contractors are not providing any financial, legal or tax advice. XLD Commodities recommends that interested parties obtain their own independent tax and/or financial advice on the suitability and benefits of this product based on their specific circumstances. The 'Prepayment Amount' is to be redeemed within 12 months from the Prepayment Date and the Reward Amount must be redeemed on purchases of Goods from XLD Commodities. The Prepayment Amount cannot be withdrawn. Depending on individual circumstances this product may provide tax benefits. Contact XLD Commodities for the Full Terms and Conditions. *ATO Ruling PR 2021/4 is only a ruling on the application of taxation law as it applies to this Prepayment product. The ruling and any taxation outcomes referred to therein is only binding on the ATO if the Prepayment product is carried out in the manner outlined in the ruling.
*ATO Ruling PR 2021/4 is only a ruling on the application of taxation law as it applies to this Prepayment product. We recommend you obtain your own advice as to suitability of this product.