Farm household allowance changes
From 11 June 2020 it is easier to get Farm Household Allowance (FHA) and meet its obligations. There are 5 key changes:
1. A new combined assets test
now combines farm and personal assets under a single $5.5 million limit. They used to be separate.
2. Changes to how much you can get
If eligible for FHA, you will be paid at the maximum rate.
Payment will no longer reduce if you earn extra income.
3. A change to the Farm Financial Assessment
Rules relaxed about who can help you do the Farm Financial Assessment.
Services Australia no longer require the person to be a member of a professional association. Can be someone who - both normally provides this kind of advice or assessment and has relevant financial, agronomic or business qualifications or expertise to complete the FFA.
4. Increase to activity supplements
total amount now $10,000 - used to be $4,000. One off amount – doesn't reset each time you get FHA.
5. Changes to activity supplements
Before, you could use activity supplements to help pay for activities in the Financial Improvement Agreement. This included training, study, advice or counselling. You can now also use them to pay for travel and accommodation to do an activity. Need to check with your Farm Household Case Officer first. They'll advise if you can pay for the activity with an activity supplement.