Farm Household Support Amendment Regulations 2004 (No. 1) (Cth)

Farm Household Support Amendment Regulations 2004 (No. 1)1

Statutory Rules 2004 No. 2062

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Farm Household Support Act 1992.

Dated 24 June 2004

P. M. JEFFERY

Governor-General

By His Excellency’s Command

WARREN TRUSS

Minister for Agriculture, Fisheries and Forestry

1Name of Regulations

These Regulations are the Farm Household Support Amendment Regulations 2004 (No. 1).

2Commencement

These Regulations commence on 1 July 2004.

3Amendment of Farm Household Support Regulations

Schedule 1 amends the Farm Household Support Regulations.

Schedule 1Amendments

(regulation 3)

  

[1]Regulation 1

substitute

1Name of Regulations

These Regulations are the Farm Household Support Regulations 1993.

[2]After regulation 4

insert

5Prescribed adviser (Act s 8B)

1. (1)

   For subparagraph 8B (1) (d) (i) and paragraph 8B (1) (e) of the Act, a person is a prescribed adviser if he or she:

   1. (a)

      has relevant financial qualifications; and

   2. (b)

      is a member of a professional association whose members normally provide financial advice.

2. (2)

   For subparagraph 8B (1) (d) (i) and paragraph 8B (1) (e) of the Act, if a farmer whose residence is away from a population centre is not practicably able to seek advice from a person referred to in subregulation (1), a person is a prescribed adviser for the farmer if the person:

   1. (a)

      has experience in financial matters because of his or her occupation (whether or not he or she normally provides, or provided, advice); and

   2. (b)

      is a member of a relevant professional association.

3. (3)

   For paragraph (2) (a), occupations that give a person experience in financial matters include the following:

   1. (a)

      accountant;

   2. (b)

      bank manager;

   3. (c)

      stock and station agent;

   4. (d)

      tax agent.

Notes

1. These Regulations amend Statutory Rules 1993 No. 36.

2. Notified in the Commonwealth of Australia Gazette