10 January 2019
The Federal and State governments are working together to deliver $12 million in rebates for drought-affected livestock farmers to buy and upgrade on-farm water infrastructure. Farmers in NSW will be able to apply for the rebate from 14 January 2019.
Through this scheme, drought-affected livestock farmers in NSW can claim up to 25 per cent on new farm water infrastructure costs up to a maximum of $25,000. Farmers in NSW can apply for the rebate via the NSW Rural Assistance Authority website at www.raa.nsw.gov.au or call 1800 678 593. We understand that the relevant information on the RAA website will be available next Monday. The rebates will cover eligible work undertaken since 1 July 2018. The expenses must occur in the same financial year as your claim.
Based on information provided by the Department of Agriculture and Water Resources, in order to apply you must be a primary producer, a property owner, share farmer or lease holder, in an area defined as drought affected and in the grazing industry.
The rebate scheme can be applied to new purchases and installation of pipes, water storages and water pumps, de-silting dams, and associated power supplies such as generators. New infrastructure must be for grazing livestock that you own (not agisted), be for an animal welfare need and improve your drought resilience. For more information, click here.
We encourage you to contact the RAA or access their website for further information or speak to your Boyce accountant.