Farm Household Support Regulations 1993

Farm Household Support Regulations 1993

Statutory Rules 1993 No. 36 as amended

made under the

Farm Household Support Act 1992

This compilation was prepared on 8 July 2011
taking into account amendments up to SLI 2011 No. 70

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra

Contents

 1 Name of Regulations [see Note 1]

 2 Commencement 

 3 Interpretation 

 4 Finance institution 

 4A Ending farm help income support — prescribed day (Act s 6B)             

 4B Ending exceptional circumstances relief payments for small businesses — prescribed day (Act s 6C)             

 5 Prescribed adviser (Act s 8B) 

 6 Rate of exceptional circumstances relief payment for farmers — closing day (Act s 24A)             

 7 Rate of exceptional circumstances relief payment for small business operators — closing day (Act s 24AA)             

Notes   

1 Name of Regulations [see Note 1]

  These Regulations are the Farm Household Support Regulations 1993.

2 Commencement

  These Regulations commence on 20 March 1993.

3 Interpretation

  In these Regulations, unless the contrary intention appears:

Act means the Farm Household Support Act 1992.

4 Finance institution

  For the purposes of paragraph (b) of the definition of finance institution in subsection 3 (2) of the Act, the following institutions that make finance available to farmers are prescribed:

 (a) bodies corporate authorised under Part II of the Banking Act 1959 to carry on banking business in Australia; and

 (b) registered corporations within the meaning of the Financial Corporations Act 1974; and

 (c) organisations of a State or Territory that:

 (i) administer all or part of the Rural Adjustment Scheme within the meaning of the Rural Adjustment  Act 1992; and

 (ii) have a lending function for the provision of working capital.

4A Ending farm help income support — prescribed day (Act s 6B)

 (1) For paragraph 6B (a) of the Act, 30 June 2008 is prescribed.

 (2) For paragraph 6B (b) of the Act, 30 June 2009 is prescribed.

4B Ending exceptional circumstances relief payments for small businesses — prescribed day (Act s 6C)

 (1) For subsection 6C (1) of the Act, 30 June 2012 is prescribed.

 (2) For subsection 6C (2) of the Act, 30 June 2012 is prescribed.

5 Prescribed adviser (Act s 8B)

 (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:

 (a) has relevant financial qualifications; and

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

Note   A person can obtain relevant financial qualifications by completing a course of post‑secondary study that is relevant to giving financial advice and recognised by a professional association whose members normally give financial advice.

 (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:

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

 (b) is a member of a relevant professional association.

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

 (a) accountant;

 (b) bank manager;

 (c) stock and station agent;

 (d) tax agent.

6 Rate of exceptional circumstances relief payment for farmers — closing day (Act s 24A)

  For paragraph 24A (4) (b) of the Act, the closing day is 30 June 2012.

7 Rate of exceptional circumstances relief payment for small business operators — closing day (Act s 24AA)

  For paragraph 24AA (5) (c) of the Act, the closing day is 30 June 2011.

Notes to the Farm Household Support Regulations 1993

Note 1

The Farm Household Support Regulations 1993 (in force under the Farm Household Support Act 1992) as shown in this compilation comprise Statutory Rules 1993 No. 36 amended as indicated in the Tables below.

Table of Instruments

Table of Amendments