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Schedule 3—Farm financial assessments

Schedule 3 Farm financial assessments

   

Farm Household Support Act 2014

1  Subsection 5(1) (definition of prescribed adviser )

Repeal the definition.

2  Section 84

Omit “prescribed adviser”, substitute “person who has appropriate qualifications or expertise to conduct the assessment”.

3  Section 84

Omit “the adviser”, substitute “the person who conducted the assessment”.

4  Section 86 (heading)

Omit “ prescribed adviser ”, substitute “ person who has appropriate qualifications or expertise ”.

5  Section 86

Omit “prescribed adviser”, substitute “person”.

6  At the end of section 86

Add:

    ; and (c)  has appropriate qualifications or expertise to conduct the assessment.

7  After paragraph 87(c)

Insert:

                    (ca)  the cost of the assessment is greater than nil; and

8  Subparagraph 87(e)(ii)

Omit “prescribed adviser”, substitute “person”.

9  Paragraph 88(1)(b)

Omit “prescribed adviser”, substitute “person”.

10  At the end of paragraph 89(b)

Add “, being the cost specified in the invoice mentioned in paragraph 87(d)”.

Farm Household Support Minister’s Rule 2014

11  Section 4 (definition of professional body )

Repeal the definition.

12  Section 5

Repeal the section.

13  Application provision

The amendments made by this Schedule apply in relation to notices given under subsection 85(2) of the Farm Household Support Act 2014 on or after the commencement of this item.