Commonwealth Numbered Acts

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DAIRY ADJUSTMENT ACT 1974 No. 166 of 1974 - SECT 13

Loans for development of combined land.
13. (1) The arrangements may provide for-

   (a)  the making of loans by the State or an authority of the State to
        persons who have acquired under the arrangements land adjoining or
        within a reasonable working distance of other land owned by them,
        being in the case of a particular person a loan for the purpose of
        developing as a rural property the land comprising both the land so
        acquired and that other land owned by him
(in this section referred to as "the combined land") by one or more of the
following methods-

        (i)    the improvement of, or the erection of structural improvements
               on, the combined land;

        (ii)   the purchase of livestock or equipment; and

   (b)  the making of loans by the State or an authority of the State to
        persons referred to in paragraph (a) for the purpose of meeting the
        whole or a part of the cost of working the combined land as a rural
        property 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 person 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. 


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