Senate debates
Thursday, 6 March 2014
Questions without Notice
Drought
2:43 pm
Marise Payne (NSW, Liberal Party, Minister for Human Services) Share this | Hansard source
I am sure those who know Senator Cameron will draw their own conclusions. To be eligible for payment, farmers have to meet both the income test and the assets test. But the government has reviewed the assets test to ensure that those who really need financial support have it available to them. Farmers can hold farm assets of up to $2.55 million. In comparison, the total farm net assets for the transitional farm family payment—the previous payment—was below $1.5 million. The family house and up to two hectares of surrounding land can be excluded from the assets test. (Time expired)
No comments