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The calculation of EVAO is designed to even-out fluctuations in business value caused by variable climatic and economic conditions, and to enable the size of businesses to be compared across industry (ANZSIC) classes. As a scoping variable, it is used to assist in excluding small farming businesses (hobby farms) recorded on the ABS Business Register from scope, and to assist in the frame and sample design for ABS agricultural business surveys. EVAO does not reflect turnover, income or profit of the agricultural operation.
The EVAO size cut-off used for the 2013 ALWOS is the same as used in the previous ALWOS and in recent agricultural censuses and surveys, and allows for comparability between these surveys.
Foreign ownership is where an individual, enterprise or other organisation that does not usually reside in Australia owns all or part of the business, either directly or through an enterprise or organisation that does usually reside in Australia. An individual, enterprise or organisation usually resides in Australia if it was resident in Australia for six months or more during the previous twelve months. It excludes any bank or other overseas financial institution that holds a mortgage for the business.
One million litres.
For the purposes of this survey, a long term lease (of five or more consecutive years) of land is considered to be equivalent to ownership of that land.
A perpetual or ongoing entitlement to exclusive access to a share of water from a specified source, as defined in the relevant water plan. This includes surface water entitlements and ground water entitlements and water purchased from commercial/private irrigation schemes, and excluding town/tap water provided by the shire or council and water accessed without an entitlement.
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