Definitions for schedule
3 Definitions for schedule
In this schedule—
applicant means a person applying for financial assistance under the scheme.
eligible professional advice means eligible professional advice under section 4(1).
interested person, for a primary production enterprise, means a person who—
is a child of, or is otherwise related to, a primary producer for the primary production enterprise; and
has acquired, or is intending to acquire, an interest in the primary production enterprise.
official receipt means a receipt that includes—
the name and address of the entity that issued the receipt; and
if the entity has an Australian Business Number—the Australian Business Number; and
a description of each item to which the receipt relates.
primary producer means—
a sole trader who spends the majority of the trader’s labour on, and derives the majority of the trader’s income from, a primary production enterprise; or
in relation to a partnership, proprietary company or trust that carries on a primary production enterprise, any partner in the partnership, shareholder in the company or beneficiary of the trust who spends the majority of their labour on, and derives the majority of their income from, the primary production enterprise.
primary production enterprise means a business—
that—
involves primary production, including the agricultural, apicultural, aquacultural, commercial wild-catch fishing, forestry, grazing and horticultural industries; or
supports primary production; and
Examples of a business that supports primary production—
farm irrigation business, mustering business, shearing business, silage baling business, timber plantation maintenance business
for which an entity holds an Australian Business Number.
proprietary company means a proprietary company within the meaning of the Corporations Act.
scheme means the scheme set out in this schedule.
suitably qualified professional adviser, for eligible professional advice, means a person who has—
the relevant qualifications and experience to give the advice; or
membership of a professional body that entitles the adviser to give the advice.
Examples of a suitably qualified professional adviser—
accountant, agribusiness professional, agricultural industry professional, agronomist, financial planner, lawyer
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