ACT farmers’ support package
The ACT Government has announced an assistance package for the ACT’s rural landholders as a result of the current dry conditions.
This follows on from work we’ve done with farmers in recent years to build their resilience for dealing with the increasing likelihood of dry conditions due to climate change.
The package is designed to support those farmers in need and also further prepare them for the future.
A transport subsidy scheme has been introduced in line with the NSW Government’s model.
This will provide a subsidy of up to $20,000 on transport of fodder and/or water to a property as well as the movement of stock during the 2018-19 financial year. Payments of up to 50% of freight costs (capped at $20,000) can be made on eligible, paid tax receipts which demonstrate transport occurring between 1 July 2018 to 30 June 2019.
The ACT Government have updated the eligibility criteria in line with recent changes to the NSW Government drought assistance strategy. Previously, owners and operators of the business were not eligible if they did have gross off-farm assets exceeding $1,000,000 (excluding funds in a registered superannuation fund). This amount has been increased to $5,000,000.
- Transporting of stock to agistment outside the ACT
- Returning stock from agistment outside the ACT
- Transport of stock to sale or slaughter from properties within the ACT
- Transport of fodder for stock to properties within the ACT
- Transport of stock drinking water
Expenses incurred between 1 July 2018 and 30 June 2019 will be eligible under this subsidy. Subsidy will be paid for road transport at a rate of 50% of the total amount paid to the carrier or costs for an owner carrier. If the transport rates are considered excessive the subsidy paid is 50% of the approved ruling rate schedule.