sch.1-sec.14Eligibility criteria

### sch.1-sec.14 Eligibility criteria For an applicant to be eligible to receive assistance under the first start program, the applicant must— have resided in Queensland for at least 6 months; and not own, or have disposed of, a viable primary production enterprise; and demonstrate financial need for the assistance; and if the loan is to enter the existing primary production enterprise or buy the applicant’s parents’ or other family member’s assets, be able to demonstrate— the parents or family member is not in a financial position to completely effect a transfer of the assets; and the purchase is not merely a refinance arrangement; and demonstrate adequate experience or other qualifications to give the applicant a reasonable prospect of success in the particular industry the applicant wishes to enter; and be able to demonstrate— for buying a primary production enterprise—the applicant will have 50% equity in the enterprise; or for a leasing, sharefarming or sharefishing arrangement—the applicant will pay 50% of the set-up costs of the enterprise; and demonstrate adequate funding for carry-on purposes; and demonstrate sound prospects for commercial viability in the long-term development of the primary production enterprise, in accordance with the planned progression, and the capacity to service proposed debt from the enterprise and other forms of income; and trade in the applicant’s own right or satisfy the authority that the applicant’s entry into the existing primary production enterprise of the applicant’s parents or other family member is part of a longer term plan to ultimately trade in the applicant’s own right; and give the authority a management plan that shows the stages of a planned progression towards a viable first primary production enterprise. However, for subsection (1) (f) , the authority may, in relevant circumstances, vary the amount of equity in the enterprise that the applicant is required to demonstrate. An applicant has limited equity in the primary production enterprise but has a stable wage, salary or other off-farm income. sch 1 s 14 amd 2016 SL No. 183 s 9 (sch.1-sec.14-ssec.1) For an applicant to be eligible to receive assistance under the first start program, the applicant must— have resided in Queensland for at least 6 months; and not own, or have disposed of, a viable primary production enterprise; and demonstrate financial need for the assistance; and if the loan is to enter the existing primary production enterprise or buy the applicant’s parents’ or other family member’s assets, be able to demonstrate— the parents or family member is not in a financial position to completely effect a transfer of the assets; and the purchase is not merely a refinance arrangement; and demonstrate adequate experience or other qualifications to give the applicant a reasonable prospect of success in the particular industry the applicant wishes to enter; and be able to demonstrate— for buying a primary production enterprise—the applicant will have 50% equity in the enterprise; or for a leasing, sharefarming or sharefishing arrangement—the applicant will pay 50% of the set-up costs of the enterprise; and demonstrate adequate funding for carry-on purposes; and demonstrate sound prospects for commercial viability in the long-term development of the primary production enterprise, in accordance with the planned progression, and the capacity to service proposed debt from the enterprise and other forms of income; and trade in the applicant’s own right or satisfy the authority that the applicant’s entry into the existing primary production enterprise of the applicant’s parents or other family member is part of a longer term plan to ultimately trade in the applicant’s own right; and give the authority a management plan that shows the stages of a planned progression towards a viable first primary production enterprise. (sch.1-sec.14-ssec.2) However, for subsection (1) (f) , the authority may, in relevant circumstances, vary the amount of equity in the enterprise that the applicant is required to demonstrate. An applicant has limited equity in the primary production enterprise but has a stable wage, salary or other off-farm income. - (a) have resided in Queensland for at least 6 months; and - (b) not own, or have disposed of, a viable primary production enterprise; and - (c) demonstrate financial need for the assistance; and - (d) if the loan is to enter the existing primary production enterprise or buy the applicant’s parents’ or other family member’s assets, be able to demonstrate— (i) the parents or family member is not in a financial position to completely effect a transfer of the assets; and (ii) the purchase is not merely a refinance arrangement; and - (i) the parents or family member is not in a financial position to completely effect a transfer of the assets; and - (ii) the purchase is not merely a refinance arrangement; and - (e) demonstrate adequate experience or other qualifications to give the applicant a reasonable prospect of success in the particular industry the applicant wishes to enter; and - (f) be able to demonstrate— (i) for buying a primary production enterprise—the applicant will have 50% equity in the enterprise; or (ii) for a leasing, sharefarming or sharefishing arrangement—the applicant will pay 50% of the set-up costs of the enterprise; and - (i) for buying a primary production enterprise—the applicant will have 50% equity in the enterprise; or - (ii) for a leasing, sharefarming or sharefishing arrangement—the applicant will pay 50% of the set-up costs of the enterprise; and - (g) demonstrate adequate funding for carry-on purposes; and - (h) demonstrate sound prospects for commercial viability in the long-term development of the primary production enterprise, in accordance with the planned progression, and the capacity to service proposed debt from the enterprise and other forms of income; and - (i) trade in the applicant’s own right or satisfy the authority that the applicant’s entry into the existing primary production enterprise of the applicant’s parents or other family member is part of a longer term plan to ultimately trade in the applicant’s own right; and - (j) give the authority a management plan that shows the stages of a planned progression towards a viable first primary production enterprise. - (i) the parents or family member is not in a financial position to completely effect a transfer of the assets; and - (ii) the purchase is not merely a refinance arrangement; and - (i) for buying a primary production enterprise—the applicant will have 50% equity in the enterprise; or - (ii) for a leasing, sharefarming or sharefishing arrangement—the applicant will pay 50% of the set-up costs of the enterprise; and