Livestock classes

(Clause 59)

Summary of proposed amendment

During submissions on the 18 August issues paper, Herd scheme elections, it became clear that there was confusion (and according to some, opportunity) around the boundary between Friesian and Jersey cattle, and Red and Wapiti deer. Combining these deer and cattle classes was suggested to address this.

To address these concerns, the weighted average figures will be used to determine values in the future. At the margin, the value of Friesian cattle will decrease and Jersey values will increase, and the same will apply to Wapiti and Red deer. However, over the life of a farming enterprise these amounts will be immaterial.

Application date

The amendment will apply to values declared in May 2013 for the 2012–13 income year.