Minister clarifies $5.5 million limit on Farm Household Allowance

Federal Agriculture Minister Julie Collins says many farmers are mistakenly ruling themselves out of the Farm Household Allowance.

Transcript

00:00Well, certainly I think that there's a bit of confusion around the Farm Household Allowance

00:04at Calcula Limit. This is a net $5.5 million, it's not a gross $5.5 million, and there's

00:11still guidance and advice on my department's website. So I actually appreciate the opportunity

00:16to communicate that to people. A lot of people self-exclude from actually accessing it. What

00:21we know is from the people that apply, very few people are actually ineligible for it,

00:25so I would encourage people to talk to their accountants, but I'll sort of go on the department

00:29website.