Commonwealth Consolidated Acts

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DAIRY ADJUSTMENT ACT 1974 - SECT 16B

Payments for loss of value of fixtures and personal property

                   The arrangements may provide that, where:

                     (a)  a rural property, being:

                              (i)  an uneconomic dairy farm; or

                             (ii)  a property a part (being a part less than one‑half) of the gross income from which comes from the production of milk and cream and which, if used only for dairying and purposes incidental to dairying, is not reasonably capable of producing a reasonable level of income, being a level ascertained in the manner referred to in section 6,

                            is to be converted, wholly or in part, to a rural use other than dairying; and

                     (b)  fixtures or personal property (including livestock) used on the farm for dairying will lose some or all of their or its value to the owner of the farm after the conversion has been effected,

the State or an authority of the State may make a payment to the owner of the farm in respect of that loss of value.


 

   



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