NSW government Special Assistance Program for Primary Producers

Business AdvisoryGovernment

31 January 2022

Parts of NSW have recently experienced some wild weather. Unfortunately, in some areas these storms and floods have left a trail of destruction in their wake. In recognition of this, the Government has made financial assistance available through the NSW Rural Assistance Authority (RAA).

For those who have been impacted since 9 November 2021 onwards, there are several support options available.

Primary production special disaster grant

Designed to bring primary production business back to “normal” operations as soon possible, the primary production special disaster grant provides funding up to a maximum of $50,000. The first $10,000 can be provided up front once the grant has been approved. The balance can be claimed on a reimbursement basis.

The grant is to cover costs related to property clean up and restoration of the property. It can be used for a broad range of costs including repairing property, replacing and maintaining livestock and replacing damaged infrastructure and equipment.

Disaster relief loans

These loans have concessional interest rates and terms. They are available to primary producers, small business, not-for-profit organisations and sporting and recreation clubs in the impacted areas.

For primary producers and small businesses, the loan is for assisting with replacing or repairing storm damaged items and assisting with the operation continuing in the short term. For not-for-profit and sport and recreation entities, the loans can be used for replacing and repairing essential facilities.

Transport subsidies

Where a farmer has incurred costs due to the natural disaster event, the subsidy can assist with the cost of transporting:

  • Fodder and/or water

  • Stock to sale

  • Stock to/ from agistment

With all grant and loan applications you need to ensure that you have maintained good records. There are strict timeframes on when applications must be lodged with the RAA. The sooner you start the process the easier it will be.

For further information, visit the RAA website or apply online here. If you would like to discuss your options or require assistance, please contact your Findex adviser or get in touch with us.

Author: Matt Sexton

Matt has been working in accounting and business advisory for over 20 years. In that time, he has had a broad range of experiences, working both locally and internationally. Through those experiences, he has found that he enjoys providing results-driven advice, that makes a difference to clients and their businesses. His main focus areas include accounting, business advisory and tax consulting. He is a member of Chartered Accountants Australia and New Zealand. His aim is to use his knowledge and experience to provide practical and relevant advice for the benefit of clients.