The Queensland Government has recently announced the introduction of a new farm management grant which provides financial assistance to Queensland farming families wishing to review or update their succession planning arrangements.
The grant is available to Queensland primary producers (and their families) and can be used to fund professional fees incurred in relation to the family’s estate planning arrangements and related succession planning issues.
The grant will cover up to 50% of the professional fees incurred by the family, up to a maximum of $2,500 per year. In other words, the total spend in any year will need to be at least $5,000 to maximise the contribution from the Government. The availability of the grant will hopefully encourage more Queensland farming families to get their succession plans in order.
If you or your clients would like more information in relation to the farm management grant, please contact Jarrad Mobbs.
Level 27 Santos Place 32 Turbot Street, Brisbane, QLD, 4000,
PO Box 12903 Brisbane George Street, Qld 4003
471 Flinders Street, Townsville, QLD, 4810,
PO Box 2020 Townsville Qld 4810