The Federal Nationals in Government will again seek to establish a new, secure, revenue stream to enable drought resilience, preparedness and recovery, reintroducing legislation to establish the Future Drought Fund.
The Fund, which will grow to be worth $5 billion, will support rural and regional communities.
In February, Labor abandoned Australian farmers and the people of rural and regional communities by voting against the Future Drought Fund, despite their own Senators clearly supporting the Bill during a Senate committee inquiry into it.
However, The Nationals in Government were not deterred, and we took the policy to the May 18 election. Our recently-returned Government will once again seek to pass this critical legislation to unlock relief for families and communities suffering the effects of drought.
If passed, the Fund will guarantee a long-term source of funding to support important projects that will build drought resilience in Australia’s regions. It will support research, development and innovation to contribute to a sustainable and drought resilient agriculture sector in Australia.
If Labor decide to vote against this Bill again it will be one of the lowest acts in Australian political history, politicising the misery of Australian farmers and rural communities.
The exposure drafts of the Future Drought Fund Bill 2019 and the Future Drought Fund Bill (Consequential Amendments) Bill 2019 and the accompanying draft Explanatory Memorandum are publicly available here.