Farm Household Support Minister's Rules 2024 (Cth)

Farm Household Support Minister's Rules 2024 I, Julie Collins, Minister for Agriculture, Fisheries and Forestry, make the following rules.

Dated 23 September 2024

Julie Collins Julie Collins Minister for Agriculture, Fisheries and Forestry

Contents Part 1—Preliminary 1 1 Name..............................................1 2 Commencement........................................1 3 Authority............................................1 4 Schedules............................................1 5 Definitions...........................................1 Part 2—Rate of farm household allowance—allowable deductions from ordinary income 3 6 Purpose of this Part......................................3 7 Overall operating losses to be used to reduce ordinary income.............3 8 Limits on using the overall operating loss to reduce ordinary income.........5 Part 3—Activity supplement 6 9 Maximum amount of activity supplement.........................6 Part 4—Farm financial assessment supplement 7 10 Maximum amount of farm financial assessment supplement..............7 Part 5—Application, saving and transitional provisions 8 11 Application provision relating to the commencement of this instrument........8 Schedule 1—Repeals 9 Farm Household Support Minister's Rule 2014 9

Part 1—Preliminary

1 Name This instrument is the Farm Household Support Minister's Rules 2024.

2 Commencement (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this instrument The day after this instrument is registered. 27 September 2024