Regulation 9 Management premium
On approval of a farm plan detailing any of the farm development measures set out in column 1 of Part I of Schedule 1, the eligible person will qualify for a management premium amounting to the percentage of the approved cost specified in relation to that measure in column 3 of that Part, which premium will be payable in 2 instalments—
two thirds at the commencement of the farm plan; and
the remaining one third when the farm plan has been completed and the targets have been met.
On approval of a farm plan detailing livestock improvement measures relative to any of the categories of animal set out in column 1 of Parts I and II of Schedule 2, the eligible person will qualify for a management premium amounting to the sum specified in relation to that category in column 3 of those Parts, which management premium will be payable in 2 instalments—
one half at the end of the second year of the farm plan; and
the remaining half when the livestock development measures have been completed and the targets have been met.