The Farm Finance Concessional Loans Scheme closing date has been extended until 30 June 2015.
The Australian Government and States/Territory have agreed to extend the closing date of the scheme to allow more farm businesses, who may not have had the opportunity to apply, more time to prepare applications for the available support.
Guidelines and application process remain the same (information below) with funding available to refinance up to 50% of farm businesses commercial borrowings.
Farm Finance is an Australian Government initiative that aims to build the ongoing financial resilience of farmers struggling with high levels of debt. The Northern Territory Farm Finance: Concessional Loans Scheme will assist Northern Territory (NT) Farm Businesses which are experiencing debt servicing difficulties but are considered potentially viable in the longer term.
The NT Farm Finance: Concessional Loans Scheme is available to eligible farmers in the pastoral, horticultural, agricultural, aquacultural and apiculture industries and will be delivered by QRAA, on behalf of the NT. QRAA is a statutory authority of the Queensland Government and operates as a specialist administrator of government financial assistance programs to the rural sector.
Key features of the NT Farm Finance: Concessional Loans Scheme include:
To help decide whether you and your Farm Business is eligible to be considered for a Concessional Loan, you should answer yes to all of these questions:
Please read the Farm Finance: Concessional Loans Scheme Guidelines for the Northern Territory as well as the Frequently Asked Questions for further information.
Application Period 2 - 1 July 2014 to 30 April 2015.
Application forms are provided below.
Do not lodge incomplete applications.
Concessional Loans Scheme (Northern Territory) - Application Form
» Download PDF
Concessional Loans Scheme (Northern Territory) - Cashflow Form
» Download XLXS
DPIF has a Farm Finance Promotions Officer who can assist you with completing the application:
Tel: 08 8936 4089
Completed application forms including required documentation should be sent to:
Farm Finance Northern Territory
GPO Box 211
BRISBANE QLD 4001
Fax: (07) 3032 0300
(DO NOT SEND your application form to this department)
(To speak to a QRAA Customer Service Officer, please contact QRAA on Freecall 1800 623 946).