Object of Act
3 Object of Act
The object of this Act is to establish the Queensland Rural and Industry Development Authority primarily to administer assistance schemes that foster the development of a more productive and sustainable rural and regional sector in Queensland.
The authority may also—
support the State’s economy by administering schemes to give assistance to primary producers, small businesses or other elements of the State’s economy—
in periods when they are experiencing temporary difficulty; or
to otherwise benefit the State’s economy; and
support communities in the State and build its own effectiveness by administering schemes to give assistance that benefits these communities, including, for example, by giving assistance to persons and organisations that contribute to these communities; and
Examples of organisations that contribute to communities—
community service, sporting and cultural organisations
give assistance and build its own effectiveness by administering schemes or parts of schemes for the Commonwealth and other States in rural and regional sectors outside Queensland.
Examples of administering parts of schemes—
• conducting financial analysis of applications for assistance under an authorised interstate scheme
• reviewing an authorised interstate scheme
• providing advice on applications for financial assistance under an authorised interstate scheme
This Act’s bill:Explanatory memorandum
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