Getting Started

Getting Started

Received your login for your Latevo Income Assessment but don’t know where to start?  Here are some tips to get you started!

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Complete your worksheet(s)
You should have received some worksheets with your login details.  These will guide you through all of the farm production data we ask you for.  We recommend completing these before you start your online form.

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Have your details handy
We are going to need some details about you and your farm, so have these handy:  Trading Name, ABN, Contact Name, Email Address and Phone Number.

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Have your accountant details handy
We are going to need some contact details for your accountant:  Company, Contact Name, Email Address and Phone Number.

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Have your financials ready
We are going to ask you or your accountant to supply copies of your Financial Statements, Tax Returns and Cashbooks (general ledgers).  If you wish to supply these files yourself please have them ready to upload.

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Which financials will you need?
We ask for Financial Statements, Tax Returns and Cashbooks:

  • For New Clients this will be for each of the following financial years:  2018, 2017, 2016, 2015 and 2014.
  • For Season Update clients this will be for each financial year since their last Latevo Income Assessment.
  • For all clients we ask for your 2019 financial year-to-date cashbooks (1 July 2018 to current date).

More information is available in our FAQs.

Secure your Information

We strongly recommend you take the time to reset your password for our application when you first login.  This means no one else will know your password and it ensures the privacy and security of your data.

Get it done
Unfortunately we can’t give you forever to complete data collection.  Early cut-off is 30 April 2019 (and there are benefits to early cut-off).

For those that can’t make the early date, all Data Collection must be completed by 14 July 2019.  If you submit your data after this date we will not be able to complete your Latevo Income Assessment for 2019.

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Ask for help
If you have any questions or get stuck on anything Agri-Analytics are just a phone call away!  You can also contact us via email or online chat.  We can also assist you with a data collection appointment.

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Don’t forget!

Your Latevo Farm Income Protection application is not just your Latevo Income Assessment.  You also need to:

  • Map your paddocks for 2019 in Latevo’s online mapping tool
  • Provide your 2019 Production Plan
  • And for New Clients complete the Latevo New Client Details form

Please contact the team at Latevo for assistance with any of these steps.

Supporting Documentation for Partnerships & Trusts

If the farm business applying for a RIC loan is a Partnership or Trust you will need to provide originals or certified copies of supporting documentation as listed below.

What type of documents?

For Partnerships (one of the following):
a partnership agreement; or
the partnership tax return; or
the minutes of a meeting of the partnership
For Trusts:
a full trust deed and any amending supplementary deed (executed and dated); and
the full name of the settlor of the trust (only if the asset contribution at establishment is $10,000 or more)

Certified Copy

Evidence of Australian citizenship or permanent residency needs to be a copy of the relevant documentation that has been certified as true and correct by an Acceptable Referee:

Cash Flow Budget

As part of your RIC loan application you will need to provide copies of your actual and projected budget cash flows.  To guide you as to what information RIC will need they have provide a downloadable template on their webiste.  Click here to download the template.

Actual Cash Flows – Current Financial Year

Your financial year-to-date actual results and a cash flow budget projection for the remainder of the current financial year.

Projected Cash Flows – Next Financial Year

Your cash flow budget projection for the next financial year.  If, as part of your application, you are forecasting a ‘significant financial impact’ over a 2 year period, you will need to include a budget for the applicable period.

Identification Requirements

As part of your RIC loan application you will need to be able to provide documentary evidence (proof) of the identity of all the individuals associated with your farm business. This includes:

Verifying your identity

The acceptable identification must contain the individuals full name and either residential address or date of birth.  The acceptable identification documents comprise:

Certified Copy

A certified copy of identification is one that has been certified as true and correct by an Acceptable Referee:

Citizenship / Permanent Residency Requirement

At least one member of the farm business applying for a RIC loan must be an Australian citizen or have Australian Permanent Residency.

As part of your RIC loan application, you will need to provide evidence (proof) of Australian citizenship or permanent residency for that member of your farm business. We will ask you to upload copies of the certified documents to our secure form.

What type of documents?

Certified Copy

Evidence of Australian citizenship or permanent residency needs to be a copy of the relevant documentation that has been certified as true and correct by an Acceptable Referee:

A Season Update client is a farming entity that has previously had Latevo Farm Income Protection and has completed a Latevo Income Assessment.

If you are unsure if you are a Season Update client please contact Latevo or your broker for assistance.

A New Client is a farming entity that has not previously taken out Latevo Farm Income Protection or has never had a Latevo Income Assessement.

If you are unsure if you are have ever had a Latevo Income Assessment please contact Latevo or your broker for assistance.

Please ensure the cashbooks files are a detailed general ledger (transaction) by category report preferably in pdf format from your accounting software.  There should be an individual file for each financial year.

Do not provide summary files, we are specifically looking at your grain sales transactions and a summary file will not provide this detail.

If you would prefer not to provide your full cashbooks please ensure you provide your detailed grain transactions and any associated transactions such as share farming.