Farm Help Re-establishment Grant Scheme Amendment 2003 (No. 4) (Cth)

Farm Help Re-establishment Grant Scheme Amendment 2003 (No. 4)

I, WARREN ERROL TRUSS, Minister for Agriculture, Fisheries and Forestry, make this Scheme under subsection 52A (1) of the Farm Household Support Act 1992.

Dated 30 December 2003

WARREN TRUSS

Minister for Agriculture, Fisheries and Forestry

1. Name of Scheme

This Scheme is the Farm Help Re-establishment Grant Scheme Amendment 2003 (No. 4).

1. Commencement

This Scheme commences on gazettal.

1. Amendment of Farm Help Re-establishment Grant Scheme 1997

Schedule 1 amends the Farm Help Re-establishment Grant Scheme 1997.

Schedule 1        Amendments

(section 3)

[1]           Note before Part 1

omit

Note 1

insert

Note

[2]           Subsection 2.1 (5)

omit

a total value of

insert

capital to the value of

[3]           Subsection 2.1 (6)

substitute

(6)   For subsection (5), capital includes the following:

(a)    the value of any inheritance that was received by the person (or the person’s partner) and consisted of part or all of the farm enterprise;

(b)    land;

(c)    stock;

(d)    plant or other equipment needed for the farm enterprise;

(e)    payments made by the person for an operating expense of the farm enterprise;

(f)    cash.

(7)   For subsection (5), labour or foregone wages of a person, or the person’s partner, are taken not to be a contribution of capital to a farm enterprise.

Note   Farm enterprise means an enterprise carried on within any of the agricultural, horticultural, pastoral, apicultural or aquacultural industries: see subsection 3 (2) of the Act.