Financial Framework (Supplementary Powers) Regulations 1997
1 In the appropriate position in Part 4 of Schedule 1AB (table)
Urgent assistance for eligible primary producers affected by floods in Northern Queensland
To provide immediate assistance to eligible primary producers affected by floods in Northern Queensland in 2019 by entering into loan arrangements with financial institutions that have lent, or will lend, money to those primary producers to stabilise the financial position of those primary producers.
This objective also has the effect it would have if it were limited to arrangements:
(a) in connection with trade and commerce with other countries, or among the States and Territories; or
(b) with respect to banking, other than State banking; or
(c) to assist persons in relation to bankruptcy or insolvency; or
(d) that are peculiarly adapted to the government of the nation and cannot otherwise be carried on for the benefit of the nation.