Groom MP Appointed to Drought Finance Taskforce
Wednesday, 10 October 2018
Federal Member for Groom John McVeigh has been appointed to the newly established Drought Finance Taskforce that will bring senior representatives of government, the banking sector and the National Farmers Federation together to focus on the ongoing impacts of drought on farmers and small businesses.
The taskforce will include four Government members: Treasurer Josh Frydenberg who will serve as chair, the Minister for Agriculture and Water Resources, Barnaby Joyce and John McVeigh. They will be joined by senior representatives from the National Farmers Federation, the ANZ, the Commonwealth Bank, the National Australia Bank, Rabobank and Westpac.
Dr McVeigh welcomed the opportunity to work within the taskforce to examine ways to further support farmers as well as local small business impacted by drought.
“As a representative of regional Queensland at both state and federal level over the last decade, the impacts of drought are never far from view. Queensland, along with other parts of Australia has been absolutely crippled by the severity and longevity of this drought,” he said.
“The Coalition Government is already delivering a $1.8 billion Drought Assistance Package that is supporting regional and rural communities; but this is an additional way for Government to pull banks and industry together to respond quickly with further support for farmers and local small businesses if required.
The Drought Finance Taskforce will:
• leverage government, business and industry resources in rural and regional communities to further determine the impact that the drought has had or is having on farmers and local small businesses;
• establish mechanisms to share insights in a timely manner; and
• advise the Government; bank CEOs and the NFF on drought impacts as well as further measures that could help alleviate the impact on farmers and local small businesses.
Media contact: Clare Siddins 0427 200674