Maximum amounts available during drought declaration
The maximum amount available under DRAS is initially a total of $20,000 per property, per financial year.
For the purposes of this scheme, all properties or land parcels included under a single property identification code (PIC) are considered to be 1 property. DRAS does not allow the splitting of partnerships, properties or land parcels to access more than the prescribed maximum amount.
If you reach the $20,000 limit for your property, you can apply to extend the limit up to $50,000 depending on the length of time your property has been in drought. To do this, you will need to prepare a drought management plan (DMP) for your property and have it endorsed by a DAF officer. Once your DMP is endorsed, the applicable ceiling applies to the entire current financial year and later financial years.
Once a drought is revoked, the DRAS ceiling is the level the property was on immediately before the revocation. It remains at that level for the period that the property is eligible to apply for DRAS. For example, if a property with an approved DMP was in the third year of being drought declared, the DRAS ceiling would be $40,000 once the declaration was revoked.
The factsheet Recovering from drought -what assistance is available? provides more information.