393‑40.01 Repayment of farm management d393‑40.01 Repayment of farm management deposit in the event of a natural disaster

393‑40.01 Repayment of farm management deposit in the event of a natural disaster

For the purposes of paragraphs 393‑40(3A)(a) and (b) of the Act, the circumstances that are to be satisfied in relation to a repayment of the whole or a part of a farm management deposit are: (a) recovery assistance has been provided as a Category C measure, in the form of a recovery grant for a primary producer, in accordance with the Disaster Recovery Funding Arrangements 2018, determined by the Minister for Law Enforcement and Cyber Security on 5 June 2018; and (b) the recovery assistance was first provided during the 12 month period mentioned in subsection 393‑40(1) of the Act; and (c) the farm management deposit was repaid after the recovery assistance was first provided.

Note 1: A repayment that satisfies the circumstances in this section is not precluded from being a farm management deposit under subsections 393‑40(1) or (2) of the Act.

Note 2: The Disaster Recovery Funding Arrangements 2018 could in 2021 be viewed on the DisasterAssist website (https://www.disasterassist.gov.au).