As the ongoing effects of the drought sweeps across the nation, the financial effects are no doubt weighing heavily on the minds of farmers and other primary producers. While the government cannot make it rain, it is doing its bit to ease the financial strain by giving those affected by drought more time to pay their taxes, waiving penalties and interest charges, adjusting PAYG instalments, and promoting tax incentives. Some of the immediate assistance measures include concessional loans and the farm household allowance in which lump sum payments of up to $12,000 can be paid to eligible farm households. … Continue reading Tax relief for drought-stricken farmers