Deferred Payment
AWB Deferred Payment gives you the majority of your income in July following harvest in the form of a payment.
Key Features
- Defer payment until July following harvest
- A payment not a loan
- Simplicity of payments and minimal paperwork
- Further payment can be made available at finalisation of the AWB National Pool
- Requires no third party involvement - simply deliver to AWB
- Growers must register for AWB Pre-Select prior to delivery when choosing this option
Treatment of GST
The AWB Deferred Payment is a payment for grain delivered and therefore may be subject to GST. Growers will incur any GST liability when they receive their payment.
Download For more information download the AWB Deferred Payment Fact Sheet (PDF 82 Kb)
Download 2007 AWB Harvest Finance & National Pool Terms and Conditions (PDF 255 Kb)
† You should seek independent financial, legal and taxation advice before you select an AWB Harvest Finance option. Please refer to the current AWB Harvest Finance National Pool Payment Options booklet for the full terms and conditions and for more information about these options. AWB Harvest Finance Limited ABN 28 102 469 303.
#Nominated Estimated Pool Return (NEPR) is usually set in early November for all available AWB National Pool pay grades. The NEPR is the benchmark from which AWB Harvest Finance options are calculated. The NEPR applies to the following options: Harvest Loan; Flexible Drawdown Loan; and Advanced Payment.
*Underwriting does not apply if you are in default or where distributions are insufficient to pay out encumbrances or grower liabilities.
** Past performance is no guarantee of future return.