Second Reading Speeches

Farm Household Support Amendment Bill 2017

Type
Government
Portfolio
Agriculture and Water Resources
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the

Farm Household Support Act 2014
to: provide that recipients of Farm Household Allowance (FHA) are not required to serve an ordinary waiting period or liquid assets waiting period (if applicable) before they can commence receiving the FHA; broaden the meaning of a ‘farm asset’ to include any asset which is used or held wholly or mainly for the purpose of a farm enterprise; specify water entitlement rights as a newly included class of farm asset; provide for the minster to make rules to exclude certain kinds of asset from the definition of a farm asset; and define the meaning of ‘water entitlement right’.