Commonwealth of Australia Explanatory Memoranda

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FARM HOUSEHOLD SUPPORT AMENDMENT BILL 1999

1998-99

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

HOUSE OF REPRESENTATIVES

FARM HOUSEHOLD SUPPORT AMENDMENT BILL 1999

EXPLANATORY MEMORANDUM

(Circulated by the authority of the Minister for Agriculture, Fisheries and Forestry, the Hon Warren Truss MP)

ISBN: 0642 425000

FARM HOUSEHOLD SUPPORT AMENDMENT BILL 1999

GENERAL OUTLINE

The FFRS re-establishment grant component is due to close on 30 November 1999.

The Bill makes minor amendments to the Farm Household Support Act 1992, by repealing section 6C which contains the current deadline for re-establishment grant applications.

It is intended to extend the current deadline by 7 months to 30 June 2000. The new deadline will be contained in the instrument which establishes the Restart Re-establishment Grant Scheme under section 52A of the Farm Household Support Act 1992.

The extension to the FFRS re-establishment grants will facilitate the exit from farming of those farmers in severe financial difficulties and without prospects of a financially sound future in agriculture.

FINANCIAL IMPACT STATEMENT

The estimated cost of the 7 month extension to the re-establishment grant deadline is $5.1 million.

NOTES ON CLAUSES

Clause 1 - Short title

This clause provides for the Act to be called the Farm Household Amendment Act 1999.

Clause 2 - Commencement

This clause provides for the Act to come into effect on the day on which it receives Royal Assent. Should Royal Assent occur after 1 December 1999, it is taken to have commenced on 1 December 1999.

Clause 3 - Schedule(s)

This clause provides that, subject to clause 2, the Acts listed in the Schedule are amended as set out in that Schedule.

SCHEDULE 1
AMENDMENT TO THE FARM HOUSEHOLD SUPPORT ACT 1992

Item 1: Part 1A (heading)

This item removes re-establishment grants from the heading of part 1A to reflect that an end date for re-establishment grants has been removed from this part.

Item 2: Section 6C

This item repeals section 6C removing the current deadline for re-establishment grant applications from the Act.

Item 3: Subsection 52A(2) (note)

This item repeals the note in this subsection which makes reference to section 6C which has been repealed.