Definition of Primary Producer
An individual, partnership, trust or company that:
- has a right or interest in a primary production enterprise; and
- contributes part of his/her/its labour and capital to the primary production enterprise (at least one member of the business must devote at least 75% of their labour to the primary production enterprise); and
- derives at least 50% of his/her/its income from the primary production enterprise.
Primary production is defined as enterprises listed under the Australian New Zealand Standard Industrial Classification 2006 (ANZSIC) 1292.0 (Revision 2.0)
For the purposes of this application:
- You means all members of the primary production business (ie all partners/shareholders/adult beneficiaries).
- You must be able to demonstrate that funds are not available from within your own resources. It is expected you will have committed all liquid assets and credits sources for normal operations of your business to recover from the disaster.
- Applicants claiming against leased or sharefarmed properties are required to provide a copy of signed and dated agreements to lease or sharefarm for the purpose of primary production over a minimum period of 5 years. The 5 year term must include the declared date of the event.
- Your business will need to be registered for GST to avoid funds being withheld.
You will need to upload a number of documents to support your application, so please have digital copies of the following ready:
- Shire rates notice if you own the affected property
- Current lease or sharefarm agreement if you lease/sharefarm all or part of the property affected
- Copy of a statement for the bank account you have nominated to have funds paid into
- Most recent tax return for your business and each individual member of the business affected
- Most recent set of financial statements for the business affected
- Tax invoices and receipts (evidence of payment) for reimbursement claims