Variation to Policy Guidelines NSW-ACT

Variation to policy guidelines applying to interest rate subsidies for farmers under the exceptional circumstances provisions of the rural adjustment scheme for declared areas in New South Wales (including the Australian Capital Territory)

This Variation is made on the …………………….day of ………………. Two Thousand and Eleven (2011).

By: Commonwealth of Australia ('the Commonwealth')

Issued to: The state of New South Wales (‘New South Wales)

Under:

Clause 8 of the Policy Guidelines Applying to Interest Rate Subsidies for Farmers under the Exceptional Circumstances Provisions of the Rural Adjustment Scheme for Declared Areas in New South Wales (Guidelines for Farmers) which was made under clause 6(2) of the Agreement between the Commonwealth and the States and Territories made under the Rural Adjustment Act 1992

Background

a) This Variation applies to the Guidelines for Farmers gives effect to the Commonwealth Government’s decision to reduce the net off-farm threshold of $750 000 to the partnered homeowner rate of social security allowances.

b) This Variation applies to farmers in the EC-declared areas of New South Wales, identified in Schedule 1 to this Variation, from 1 July 2011.

The guidelines are varied as follows:

1. Subclause 4)(a)(v)(3) of the Guidelines for Farmers below has been amended to read:

(3)”where an application is received after 30 June 2011, off-farm assets, such that the net value of off-farm assets must not exceed the partnered homeowner rate of social security allowances.”

Signed for and on behalf of the Commonwealth of Australia by a duly authorised representative:  
  
Signature of witness

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Signature of  authorised representative

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Name of witness (print)

[ signed ]

Name of authorised representative (print)

[ signed ]