Stuart Robert (Fadden, Liberal Party, Assistant Treasurer) Share this | Hansard source

We thank the member for her contribution. The Treasury Laws Amendment (North Queensland Flood Recovery) Bill 2019 includes three measures, all aimed at providing support to those affected by floods and storms in Queensland. Schedule 1 makes qualifying disaster payments, recovery and on-farm grants to Queensland flood-affected primary producers, small businesses and non-profit organisations non-assessable nonincome for tax purposes. Schedule 2 treats qualifying payments to primary producers in Fassifern Valley, Queensland, affected by storm damage in October 2018 as exempt income for tax purposes. Schedule 3 provides a special appropriation for the government to establish and administer a loans scheme that will enable banks to offer reduced-interest-rate loans to eligible primary producers affected by the floods. I commend the bill to the House.

Question agreed to.

Bill read a second time.

Message from the Governor-General recommending appropriation announced.

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