IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 27 Apr 2013 | Removal date: 30 Jun 2015
Still in force

State loan

The Farm Finance Concessional Loans was introduced on 27 April 2013 and ran until 30 June 2015. The Scheme will support the Australian farming industry through favourable loans below commercial interest rates. Loans were offered with "concessional interest rate of 4.5%" and interest-only payments for a period up to five years. The individual loan amount varied depending on the applicant and the geographical area. Queensland and the Northern Territory have the highest individual loan amounts with a maximum AUD $1 million (approx. USD 1.027 million). 

In this context, the Australian authorities stated: "The Australian Government recognised that rural debt continued to be a significant challenge facing some parts of the farming sector and therefore assisted farming businesses to return to profitability through Farm Finance Concessional Loans."

As of 30 June 2015, the Australian government has approximately 200 million (USD 153.87 million) in outstanding loans under this scheme. In the budget year 2015-16 the total value of loan repayments under the scheme was AUD 62.82 million (USD 48.33 million).

The Australian authorities notified the World Trade Organization of this subsidy scheme on 28 January 2016 in accordance with Article XVI:1 of the GATT 1994 and Article 25 of the Agreement on Subsidies and Countervailing measures.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
012 Vegetables
013 Fruits & nuts
014 Oilseeds & oleaginous fruits
015 Edible roots & tubers with high starch or inulin content
016 Stimulant, spice & aromatic crops
017 Pulses (dried leguminous vegetables)
018 Sugar crops
019 Forage; natural rubber; living plants; raw vegetable materials
021 Live animals
022 Raw milk
023 Eggs of hens or other birds in shell, fresh
024 Reproductive materials of animals
029 Other animal products

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