Yes. As part of the service one on-farm visit is mandatory to ensure your commitment to the service provided and to enable the independent consultant to fully understand your business position and financial challenges.
No. The Farm Business Analysis Assistance provides specific, independent expert financial advice for the primary producer in addition to their regular accountant, financial advisor or Rural Financial Counsellor. An eligible primary producer can select an rural financial expert from a pre-approved panel of independent consultants overseen by QRIDA.
The Rural Financial Counselling Service which is funded by the Australian Government often provides assistance and support to a primary producer over a period of up to 3 years whereas the Farm Business Analysis Assistance is a more timely and immediate review of the producer’s financial situation and future restructure, repair and recovery options.
The Farm Debt Restructure Office will aim to provide applicants with a decision within 15 business days of receiving a complete application.
No. QRIDA oversees the Farm Debt Restructure Office including the Farm Business Analysis Assistance application process and the pre-approved panel of financial independent consultants. The purpose of the program is to provide independent specialist rural financial advice.
QRIDA’s Regional Area Managers located throughout Queensland can help refer potential applicants to the Farm Debt Restructure Office for assistance.
Yes. Applicants have the right to appeal their eligibility decision and are required to respond in a formal appeal letter within 30 business days.