Document ID: chunk:federal_register_of_legislation:F2024L00767:reg:10
Version: federal_register_of_legislation:F2024L00767
Segment Type: reg
Provision Reference: reg 10
Character Range: 10838–12934

10  Determination of eligible activities—classes of activities that may be specified in financial improvement agreements
  For the purposes of paragraph 83(a) of the Act, the following are the classes of activities that may be specified in a financial improvement agreement for which an activity supplement is payable:
 (a) obtaining legal, financial or other specialist advice directly related to ensuring the long term efficient and profitable operation of the farm enterprise, including advice about the following matters:
 (i) commercial structures, arrangements and relationships, including financial arrangements and the vertical integration of relevant commercial entities (excluding farm financial assessments);
 (ii) business and business resilience planning;
 (iii) monitoring and managing the business performance;
 (iv) managing risk;
 (v) succession planning;
 (vi) natural resource management, sustainability and climate‑resilient practices;
 (vii) preparing for, and recovering from, drought, natural disasters and biosecurity outbreaks;
 (viii) diversifying the farm enterprise;
 (ix) adding value to products produced by the farm enterprise;
 (x) alternative options for using farm assets;
 (xi) marketing and promotion;
 (xii) the use of technology, equipment, tools and machinery;
 (xiii) industrial relations;
 (xiv) workplace health and safety;
 (b) undertaking training in, participating in workshops or conferences on, or studying about, a matter mentioned in paragraph (a) of this section, including in relation to skills within the skill set known as the Farm Business Management Skill Set;
 (c) receiving advice about, undertaking training in, participating in workshops or conferences on, or studying about, the following matters:
 (i) diversification of income streams;
 (ii) transitioning from farming, including to an alternative career or retirement;
 (d) for a person who has exhausted funding available through Commonwealth government mental health programs—receiving mental health counselling services.

Part 4—Application, saving and transitional provisions