Federal Register of Legislation
Farm Household Support Amendment Act 2007
No. 60, 2007
An Act to amend legislation in relation to exceptional circumstances relief payment, and for other purposes
Contents 1 Short title 2 Commencement 3 Schedule(s)
Schedule 1—Amendments relating to exceptional circumstances relief payment
Part 1—Amendment of the Farm Household Support Act 1992 Farm Household Support Act 1992
Part 2—Consequential amendments Age Discrimination Act 2004 Social Security Act 1991
Part 3—Transitional provisions
Schedule 2—Other amendments of the Farm Household Support Act 1992 Farm Household Support Act 1992
Farm Household Support Amendment Act 2007
No. 60, 2007
An Act to amend legislation in relation to exceptional circumstances relief payment, and for other purposes
[Assented to 15 April 2007]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Farm Household Support Amendment Act 2007.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments relating to exceptional circumstances relief payment
Part 1—Amendment of the Farm Household Support Act 1992
Farm Household Support Act 1992
1 At the end of paragraph (c) of the title Add "and to certain small business operators".
2 Subsection 3(2) Insert:
ABN (short for Australian Business Number) has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999.
3 Subsection 3(2) (definition of exempt assets) Repeal the definition, substitute:
exempt assets means: (a) if a person is a farmer: (i) any right or interest of the person in the land used for the purposes of the farm enterprise in relation to which the person is a farmer; and (ii) any farm plant and machinery, farm livestock or other asset essential for the effective running of the farm enterprise; and (iii) any rights of the person under an insurance policy in relation to the person's life or under a superannuation scheme; and (b) if a person carries on a small business: (i) any right or interest of the person in land used for the purposes of the business; and (ii) any plant and machinery, stock or other asset essential for the effective running of the business; and (iii) any rights of the person under an insurance policy in relation to the person's life or under a superannuation scheme.
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