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Second Reading Speeches

Farm Household Support Amendment (Relief Measures) Bill (No. 2) 2019

Type
Government
Portfolio
Agriculture
Originating house
House of Representatives
Status
Act
Parliament no
46

Track (What's this?)

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Summary

Amends the:

Farm Household Support Act 2014
to: provide that the rate of Farm Household Allowance (FHA) is not varied by the level of a person's income; and amend the FHA assets test so that all farm and non-farm assets (including water rights) will be subject to a combined single net value threshold of $5.5 million; and
Farm Household Support Act 2014
and Farm Household Support Minister's Rule 2014 to: remove the requirement to have farm financial assessments conducted by a person prescribed by the minister's rules; specify that the amount of farm financial assessment supplement is the amount provided in the invoice for the farm financial assessment; require a person conducting a farm financial assessment to have appropriate qualifications or expertise; increase the maximum amount of activity supplement to $10 000; and extend the amount of activity supplement to include certain travel and accommodation costs associated with eligible activities.