- Description
- Specifications
The Farm Household Allowance (FHA) provides fortnightly income support to farmers and their partners up to a maximum of three cumulative years (1,095 days of payment) while they take action to address their long-term financial security. It is paid at the same rate as Newstart Allowance (unless a recipient is under 22 years of age, in which case it will be paid at the applicable rate of the Youth Allowance). This three-year period will provide recipients with sufficient time to develop strategies for self-reliance and create an incentive to make significant business decisions where the farm business is unsustainable.
This paper gives an overview of the Farm Household Allowance and has been written under the following headings:
- Introduction
- Funding
- Qualification
- Qualification Criteria As A Farmer
- Definition Of A Farmer
- Right Or Interest In The Land Used Wholly Or Mainly For A Farm Enterprise
- Ownership Of Land
- Leasing Of Land
- Sharefarming
- Private Companies And Trusts
- Apiarists
- Significant Labour
- Assessment Of Significant Labour
- Temporary Illness Or Injury
- Significant Capital
- Assessment Of Significant Capital
- Commercial Purpose Or Character
- Indicators
- Effective Control
- Qualification Criteria As A Spouse
- Qualification Criteria
- Definition of a Partner
- Grace Period – Imprisonment Or Psychiatric Confinement
- Grace Period – End Of Relationship
- Entering Into A Financial Improvement Agreement
- Cumulative Eligibility
- Time On Payment
- Debt
- Waiting Periods
- Concurrent Waiting Periods
- Waiver Of Waiting Periods
- Exemption From Waiting Periods
- Liquid Assets Waiting Period
- Date Of Commencement For The LAWP
- Calculating The LAWP
- Duration Of LAWP
- Waiving The LAWP
- Treatment Of Liquid Assets
- Amounts From Former Employers
- Gifts And Transfer Of Liquid Assets
- When Proceeds From Sale Of Home Are Not Liquid Assets
- When Voluntary One-Off Payments Of Non-Housing Debts Are Not Liquid Assets
- GST Liabilities
- Recalculating The LAWP
- Newly Arrived Resident's Waiting Period
- Seasonal Worker Preclusion Period
- Ordinary Waiting Period
- Income Maintenance Period
- Multiple Entitlement Exclusion
- FHA Pay Rates
- Ancillary Benefits
- Energy Supplement
- Rent Assistance
- Pharmaceutical Allowance
- Telephone Allowance
- Remote Area Allowance
- Bereavement Payment
- Health Care Card
- Employment Income Nil Rate Period
- Payment Delivery
- Advance Payments
- Assessment Of Business Income
- Assessment Of Business Income – Estimates
- Assessment Of Business Income – Reconciliation
- Assessment Of Business Income – Allowable And Non-Allowable Deductions
- Income Offset
- Using the offset
- Asset Test
- Non-farm Assets
- Net farm Assets
- Loans
- Asset Disposal (Gifting)
- Financial Improvement Agreements
- Terms of a Financial Improvement Agreement
- Variation, Cancellation And Review
- Relief Or Exemption From Activity Testing
- Activity Test Exemptions – Temporary Incapacity
- Duration Of Exemption
- Seriously Ill
- Activity Test Exemptions – Pregnancy
- Activity Test Exemptions – Defence Force Reserve Service
- Activity Test Exemptions – Special Circumstances
- Activity Test Exemptions – Essential Farm Activities
- Activity Test Exemptions – Domestic Violence
- Activity Test Exemptions – Caring For A Child With A Disability
- Activity Test Exemptions – Other
- Notification Of Circumstances Preventing Or Affecting Compliance
- Qualification Failures
- Conduct Failures
- Reasonable Excuses
- Activity Supplement
- Qualification For Activity Supplement
- Farm Financial Assessment
- Requirement For A Farm Financial Assessment
- Use Of Previous Farm Financial Assessments
- Consequences Of Failure To Obtain Farm Financial Assessment
- Qualification For Farm Financial Assessment Supplement
- Method Of Payment Of Farm Financial Assessment
- Qualification Of Prescribed Adviser
- Taxation
- Professional Advice