Rural and Regional Adjustment Act 1994 (Qld)

Rural and Regional Adjustment Act 1994

An Act to establish an authority to give assistance to rural and regional producers and certain small businesses, and for related purposes

Part 1 Preliminary

1 Short title This Act may be cited as the Rural and Regional Adjustment Act 1994.

2 [Repealed]

3 Object of Act (1) The object of this Act is to establish the Queensland Rural and Industry Development Authority primarily to administer assistance schemes that foster the development of a more productive and sustainable rural and regional sector in Queensland. (2) The authority may also— (a) support the State's economy by administering schemes to give assistance to primary producers, small businesses or other elements of the State's economy— (i) in periods when they are experiencing temporary difficulty; or (ii) to otherwise benefit the State's economy; and (b) support communities in the State and build its own effectiveness by administering schemes to give assistance that benefits these communities, including, for example, by giving assistance to persons and organisations that contribute to these communities; and Examples of organisations that contribute to communities— community service, sporting and cultural organisations (c) give assistance and build its own effectiveness by administering schemes or parts of schemes for the Commonwealth and other States in rural and regional sectors outside Queensland. Examples of administering parts of schemes— • conducting financial analysis of applications for assistance under an authorised interstate scheme • reviewing an authorised interstate scheme • providing advice on applications for financial assistance under an authorised interstate scheme