Commonwealth Numbered Acts

DAIRY ADJUSTMENT ACT 1974 No. 166 of 1974 - SECT 12

12. (1) The arrangements may provide for the making of loans by the State or
an authority of the State to the owners of uneconomic dairy farms for the
purpose of meeting, in the case of a particular farm-

   (a)  the cost of developing the farm to the point where the farm is
        producing from dairying and activities incidental to dairying a
        reasonable level of income, being a level ascertained in the manner
        provided by or under the agreement in which the arrangements are set
        out; and

   (b)  the whole or a part of the cost of carrying on the farm during the
        period of development.

(2) Where the arrangements make provision in accordance with sub-section (1),
the arrangements shall further provide that the assistance specified in that
sub-section shall not be given unless the State Minister concerned or the
authority of the State is satisfied that the owner to be assisted has been
unable to obtain a loan on reasonable terms from normal financial sources for
the purposes for which the assistance is to be given.