October 14, 2015
Farm Household Allowance is a federal government assistance payment for farmers experiencing difficulty. The program is administered by the Department of Human Services/Centrelink and is subject to certain eligibility criteria.
To get farm household allowance you must:
- Be a farmer
- Contribute a significant amount of labour and capital to the farm (this rule is to basically cut out farms that aren’t your main source of income or aren’t of a commercial scale)
- Satisfy an income and asset test
- Have regular contact with a Farm Household case officer, which is appointed by DHS
- Have received FHA for less than 3 years in the past
- You must also undertake a Farm Financial Assessment
FHA can be applied for online (www.humanservices.gov.au)and Centrelink actually prefer that. A lot of the information and the farm financial assessment is all done online as well.
The FHA is equivalent to the Newstart Allowance which pays up to $472.60 per f/night (or $24,575 p.a.), each, for a couple and $523 per f/night (or $13,598) for a single person. In addition there is a health care card as well as vouchers for advice.
Income Limits for a couple:
- If less than $100 f/night each then can get maximum payment
- If over $919 each f/night then no payment
- Off-farm income, can be offset against interest payment in some special circumstances. Basically this can only happen if you have a loss for the year.
- non-farm assets limit of $286,500 for a couple combined
- Net asset limit of $2.55 million
For further information please feel free to contact either DHS or us.