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PKF Australia

Accountants and Business Advisers

New drought support package for farming community

New drought support package for farming community

On 8 May 2015, the Prime Minister Tony Abbott and Deputy Prime Minister Warren Truss announced a new $333 million package for drought assistance.

Referencing the recommendations from the Agricultural White Paper, the new support program is targeted to help communities in the QLD’s south-west and also north-west NSW, who are dealing with the ongoing compound impacts of drought.

The program includes specific targeted projects, as well as additional funds being made available for concessional loans:

  • $35m for “shovel ready” projects led by local councils to stimulate economic activity in drought-hit regions
  • $25.8m for wild dog and pest management programs
  • $20m to expand existing mental health and community support program
  • $1.8m for rural financial counselling services
  • $250m will be provided in 2015–16 to continue access to existing drought specific concessional loans schemes.

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