On 26 February 2014 the Australian Government announced
additional measures offering financial, social and mental health
support to farming families, farm businesses and rural communities
suffering from drought.
A summary of these new support measures are below. Please call
your Moore Stephens advisor if you require assistance in securing
any or these new support elements, or if you would like further
information. You can also find links to all elements of this new
support program on the
Australian Government website.
Interim Farm Household Allowance (Interim
Designed to help farm families with their daily living
Is available to eligible farmers Australia-wide, without the
need for a drought declaration.
Will be paid fortnightly at a rate equivalent to Newstart
Asset test has different limits to that of the existing
Transitional Farm Family Payment, so that more farmers will
Payments for new applicants commence from 3 March 2014.
Existing Transitional Farm Family Payment recipients will be
automatically transferred to this Interim FHA as at 28 February
2014 to ensure there is no break in payments.
This Interim FHA will be available until the Permanent Farm
Household Allowance is implemented on 1 July 2014.
Recipients of the Interim FHA who wish to claim the Permanent
Farm Household Allowance will receive payment until 30 September
2014 or until their application for the Permanent Farm Household
Allowance has been finalised, whichever is earlier.
Climatic and economic conditions and government regulations
continue to present primary producers and suppliers with ongoing
challenges. Whilst there is little we can do about climatic
conditions, Moore Stephens understands the range of issues that
impact on a farming business and we can help you understand the
financial ramifications of a multitude of decisions that may need
to be made.
To find out how our Agribusiness industry specialists can help
your business and provide practical, commercially astute solutions,
contact your Moore Stephens advisor today.
The Council announced planning policies to encourage more inner suburban retirement village and aged care development.
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