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Rural and Regional Adjustment Regulation 2011
sch.44-sec.5AAmount of financial assistance—repair or retrofit works
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### sch.44-sec.5A Amount of financial assistance—repair or retrofit works
The maximum amount of financial assistance available under the scheme for repair or retrofit works is the full cost of the works subject to a 50% contribution from the applicant to the extent the works cost more than $50,000.
The repair or retrofit works must be for a part of an eligible home that is below either of the following levels—
the flood hazard level that applies to the home;
the flood event level that applies to the home.
sch 44 s 5A ins 2023 SL No. 184 s 6
(sch.44-sec.5A-ssec.1) The maximum amount of financial assistance available under the scheme for repair or retrofit works is the full cost of the works subject to a 50% contribution from the applicant to the extent the works cost more than $50,000.
(sch.44-sec.5A-ssec.2) The repair or retrofit works must be for a part of an eligible home that is below either of the following levels— the flood hazard level that applies to the home; the flood event level that applies to the home.
- (a) the flood hazard level that applies to the home;
- (b) the flood event level that applies to the home.