Summary of important changes to RAA funding for drought assistance

The RAA have recently announced changes to the 2020 Drought Package, by committing an additional $310 million in funding towards emergency drought relief. The extended support – along with an increase to the Drought Assistance Fund (DAF) – includes more investment towards subsidies like the Drought Transport subsidy and waiving rates, permit fees, and other costs such as vehicle registration for eligible primary producers.

Below are two of the most recent changes to the fund:

  • From 1 July 2020, the NSW Government has lifted the cap for the Drought Assistance Fund (DAF) from $50,000 to $100,000 per primary producer.*
  • The transport cost for restocking (also applies to transport of  seed for croppers) can now be claimed.**
*the purchase of livestock for re-stocking cannot be included however,
** the transport cost for restocking (also applies to transport of  seed for croppers), can be funded via the Drought Assistance Fund – DAF

More details on the memo will be announced in the coming days. For more details on the  Drought Package or DAF visit the links below:

2020 Drought Package – https://www.dpi.nsw.gov.au/climate-and-emergencies/droughthub/2020-drought-package

Drought Assistance Fund (DAF) – https://www.raa.nsw.gov.au/loans/drought-assistance-fund

Recent Articles

JobKeeper extension 2 – what you need to do as a business or not-for-profit

22nd December 2020

1.       How to continue receiving JobKeeper extension 2 payments - If you are already receiving JobKeeper payments, you don’t need... Read More

A new sophisticated scam targets Australian businesses: what to look out for

26th November 2020

An article from the ABC details a shocking new scam that is targetting Australian business owners. Business email comprimise scams... Read More

Beware of scammers pretending to be the ATO warning of tax debt

22nd October 2020

The ATO is warning community members after an increasing number of people are paying fake tax debt due to... Read More

Farmers make use of RAA subsidies for succession & estate planning advice

25th September 2020

This blog article follows on from our previous article Get in quick! Subsidised business & estate planning advice for farmers... Read More