515Categorisation as farmland

#### 515 Categorisation as farmland 515 Categorisation as farmland > > (1) Land is to be categorised as farmland if it is a parcel of rateable land valued as one assessment and its dominant use is for farming (that is, the business or industry of grazing, animal feedlots, dairying, pig-farming, poultry farming, viticulture, orcharding, bee-keeping, horticulture, vegetable growing, the growing of crops of any kind, forestry or aquaculture within the meaning of the [Fisheries Management Act 1994](/view/html/inforce/current/act-1994-038), or any combination of those businesses or industries) which— > > > > > (a) has a significant and substantial commercial purpose or character, and > > > > > (b) is engaged in for the purpose of profit on a continuous or repetitive basis (whether or not a profit is actually made). > > > (2) Land is not to be categorised as farmland if it is rural residential land. > > > (3) The regulations may prescribe circumstances in which land is or is not to be categorised as farmland. > > **s 515:** Am 1994 No 38, Sch 8.