Nsw will sign up to commonwealths farm finance package
The announcement of the deal came after the NSW Farmers’ Union (NSWFU) and the NSW Farmers Council (NSFC) announced on Thursday that they had reached agreement over a package of commonwealth farm finance reforms which include:
a reduction in annual payments for commercial farming under Commonwealth Farm Finance Reform (CFBR)
allowing new farmers to register and obtain land entitlements under the CFB and allow them to be added to the register of registered registered industrial landholders
a reduction in payments for the farming of non-food purposes under the Rural Commodity Credit Scheme (RCCS)
capped payment rates to levels similar to the existing RCCS payments that were effective in 2014
The deal co빅 카지노uld see farmers whose annual agricultural income totals up to $30,000 lose about $30,000 of their payment in 2016
The agreement with the NSWCFU means that the farmers will be able to see their payments reduced by up to half. Farmers can see the reduction in payments for their agriculture reduced by the end of 2016, a transition period of five years.
NSWFU president Ian Rimmer said: “This package recognises that many low-income and working families will not be able to afford their new payments, and we are now keen to see it implemented in the budget process.
“The CFBR is the first step in the NSW Government’s long and ambitious drive to address the impact of this Government’s $7.3 billion unfunded spending promises.”
The CFBR reform will be a priority of the 2017 Federal Budget, with Mr Abbott’s proposal to replace Labor’s federal tax reform with a five per cent GST on farm go카지노ods being one of a number of options being considered.
For this reason the deal with the CFU was al속초출장샵 속초출장안마so a victory for Mr Abbott’s budget and the Coalition’s plan to improve the economy by cutting federal costs.