CRITERIA FOR THE PROVISION OF INTEREST RATE SUBSIDIES Pursuant to clause 9.1, Natural Disaster Relief and Recovery Arrangements Determination, the following guideline applies to the criteria for the provision of interest subsidies. Guidelines Under subclauses 3.3.2(d) and 3.7.4 of the Determination are able to seek states reimbursement for subsidies made to or to cover the small businesses primary producers interest costs of commercially raised loans used for recovery from an subject eligible disaster, to the following: reimbursement is only available for interest on loans that have been provided by private sector authorised deposit taking institutions (ADTIs ); the subsidy be capped as per Schedule 1 of the Determination; claimants apply to who assess eligibility. Successful claimants are issued states with a letter from which they provide to a participating ADTI. The ADTI states, assesses the claimant against lending guidelines developed under this scheme; and loans provided by ADTIs are to be over a maximum 10-year period. The subsidy will continue each year, diminishing to zero after 10 years. Where the interest rate subsidy measure is adopted, only the subsidy component will be considered not the loan principal element. state expenditure, NATURAL DISASTER RELIEF AND RECOVERY ARRANGEMENTS GUIDELINE 3 / 2007 CRITERIA FOR THE PROVISION OF EVIDENCE OF NATURAL DISASTER MITIGATION STRATEGIES Pursuant to clause 9.1, Natural Disaster Relief and Recovery Arrangements Determination, the following guideline applies to the criteria for the provision of evidence of natural disaster strategies. mitigation Guidelines The Commonwealth considers that in partnership with governments, disaster mitigation, state is an important principle to be advanced under the Natural Disaster Relief and Recovery
CRITERIA FOR THE PROVISION OF INTEREST RATE SUBSIDIES Pursuant to clause 9.1, Natural Disaster Relief and Recovery Arrangements Determination, the following guideline applies to the criteria for the provision of interest subsidies. Guidelines Under subclauses 3.3.2(d) and 3.7.4 of the Determination states are able to seek reimbursement for subsidies made to small businesses or primary producers to cover the interest costs of commercially raised loans used for recovery from an eligible disaster, subject to the following: reimbursement is only available for interest on loans that have been provided by private sector authorised deposit taking institutions (ADTIs ); the subsidy be capped as per Schedule 1 of the Determination; claimants apply to states who assess eligibility. Successful claimants are issued with a letter from states, which they provide to a participating ADTI. The ADTI assesses the claimant against lending guidelines developed under this scheme; and loans provided by ADTIs are to be over a maximum 10-year period. The subsidy will continue each year, diminishing to zero after 10 years. Where the interest rate subsidy measure is adopted, only the subsidy component will be considered state expenditure, not the loan principal element. NATURAL DISASTER RELIEF AND RECOVERY ARRANGEMENTS GUIDELINE 3 / 2007 CRITERIA FOR THE PROVISION OF EVIDENCE OF NATURAL DISASTER MITIGATION STRATEGIES Pursuant to clause 9.1, Natural Disaster Relief and Recovery Arrangements Determination, the following guideline applies to the criteria for the provision of evidence of natural disaster mitigation strategies. Guidelines The Commonwealth considers that disaster mitigation, in partnership with state governments, is an important principle to be advanced under the Natural Disaster Relief and Recovery
2011-NDRRA-determination.docx