Flood grants to help affected Primary Producers in Victoria

04 Apr Flood grants to help affected Primary Producers in Victoria

Posted at 13:09h in Blog by taxopia

Two available grants: the Victorian Primary Producer Flood Recovery Grant and the Victorian Rural Landholder Grant

The recent floods in Victoria have caused significant damage to many primary producers in the region, leading to substantial financial losses. To help in the recovery of these affected businesses, the government is offering two grant options: the Victorian Primary Producer Flood Recovery Grant and the Victorian Rural Landholder Grant.

The Victorian Primary Producer Flood Recovery Grant is intended for those whose primary source of income comes from producing primary products. This grant is specifically designed to assist primary producers in recovering from the damages caused by the floods and getting their business back on track. The funds can be used to cover a range of expenses, including cleaning up debris, repairing infrastructure and equipment, and restocking livestock.

On the other hand, the Victorian Rural Landholder Grant is aimed at supporting landholders whose primary production is not their main source of income. The funds can be used for various purposes, such as repairing fences, purchasing equipment, and improving infrastructure.

The deadline for both grants is April 30th, 2023. Therefore, if you’re eligible and interested in receiving financial aid, it’s crucial to act quickly and apply before the deadline to avoid missing out on this opportunity.

In summary, if you’re a primary producer in Victoria who has suffered from the recent floods, you have two grant options available to assist in your recovery: the Victorian Primary Producer Flood Recovery Grant and the Victorian Rural Landholder Grant. Ensure you consider which grant suits your situation best and apply before the deadline of April 30th, 2023, to receive the financial support you need to get your business back on track.

	Victorian Primary Producer Flood Recovery Grant	Victorian Rural Landholder Grants
Funding	Up to $75,000	Up to $25,000
Closing	Sunday 30 April 2023	Sunday 30 April 2023
Overview	Funding is available to help pay for the costs of the relief, clean-up and reinstatement of primary production enterprises that have been directly impacted by the 2022 Victorian floods. The maximum grant amount available is $75,000, split into 2 payments: ➡ An initial up-front payment of $25,000. To support this claim, evidence of direct damage is required. ➡ A subsequent amount of up to $50,000. To support this claim, full evidence of payment is required. Primary producers who operate more than one primary production enterprise may apply for assistance for each separate business to the maximum amount of assistance available for the relevant defined disaster area.	The Rural Landholder Grant has a 2-tiered payment structure: ➡ tier 1 – an initial amount of up to $5,000 on the provision of evidence of direct damage ➡ tier 2 – a subsequent amount of up to $20,000 on the provision of evidence of payment. Funding can be used to help pay for the costs of the relief, clean-up and reinstatement of the primary production enterprise.
Eligibility	To be eligible, applicants must: ➡ be a primary producer ➡ devote part of their labour to the primary production enterprise ➡ derive at least 50% of their gross income from primary production in an average year, or from value adding products made directly from raw produce grown by the applicant ➡ hold an Australian business number (ABN) and have held that ABN at the time of the disaster ➡ have a primary production enterprise that is located in the defined disaster area for the eligible disaster and have suffered direct damage as a result of the eligible disaster ➡ have been engaged in carrying on the primary production enterprise when affected by the eligible disaster ➡ intend to reestablish the primary production enterprise in the same community, region or sector as the defined disaster area for the eligible disaster ➡ be primarily responsible for meeting the costs claimed in the applications.	To be eligible, applicants must: ➡ be a rural landholder (hold property of at least 10 hectares) ➡ have a primary production enterprise located in a defined disaster area that has suffered direct damage as a result of the disaster ➡ devote part of their labour to the enterprise ➡ not receive the majority of income from primary production ➡ earn no more than $180,000 per annum from off-farm income ➡ have held an Australian business number (ABN) at the time of the disaster ➡ have engaged in carrying on the enterprise when affected by the disaster event ➡ intend to re-establish the primary production enterprise in the same community region, or sector as the defined disaster area ➡ be primarily responsible for meeting the costs claimed in the applications.
Website	https://www.ruralfinance.com.au/industry-programs/victorian-primary-producer-flood-recovery-grants	https://www.ruralfinance.com.au/industry-programs/victorian-primary-producer-flood-recovery-grants

Source: ATO

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Posted on 04-Apr-2023

Flood grants to help affected Primary Producers in Victoria

04 Apr Flood grants to help affected Primary Producers in Victoria

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