Agribusiness Natural Disaster Loans Rule 2019 for North Queensland Flood

This rule establishes the framework for the Agribusiness Natural Disaster Loans program specifically for farm businesses in North Queensland impacted by the 2019 floods. It details the conditions under which loans can be granted, including criteria for 'eligible farm businesses' and those experiencing 'extreme hardship'. The rule also specifies the terms of these loans and administrative procedures such as notice of decisions, loan management, and internal review processes.

Farm businesses in the affected region seeking financial assistance should review the eligibility requirements and application procedures outlined in the rule. The Regional Investment Corporation is responsible for administering the program and must publish program guidelines. While this rule establishes the program, specific application deadlines and detailed program guidelines would likely be found in separate publications or on the Corporation's website. Compliance involves meeting the defined hardship and business criteria and adhering to the loan terms.