ALRTA in income smoothing scheme call


Proposal for trucking based on Farm Management Deposit scheme

ALRTA in income smoothing scheme call
Rural road transporters can be beholden to fluctuating market circumstances

 

An income soothing scheme used by farmers to help deal with unpredictable seasonal or market conditions should be extended to rural road transport operators, the Australian Livestock and Rural Transporters Association (ALRTA) says.

ALTRA’s national council backs the suggestion from its Western Australian arm.

The Livestock and Rural Transport Association of Western Australia (LRTAWA) proposal for the Australian Government is based on the existing Farm Management Deposit (FMD) scheme, which allows eligible primary producers to make tax-deductible deposits in ‘good years’ that can be withdrawn (and taxed) in later years. 


Read ALRTA's ramp rebuilding standards call, here


"Rural road transport businesses are also subject to seasonal and market conditions outside of their control," ALRTA says in a communique.

"In the past 12 months alone, ALRTA members have been affected by droughts, floods, fires and sudden closure of the live sheep export market.

"Many are hurting and the Australian Government is open to suggestions that can assist in the recovery process and help prepare affected business for future uncontrollable disasters." 

ALRTA has already commenced advocating on the issue, it notes.

"This week, David Smith (LRTASA President and ATA Vice Chair) raised the proposal directly with the Federal Treasurer, the Hon Josh Frydenberg MP, at an ATA dinner held at Australian Parliament House.

"There is interest in exploring the proposal further and ALRTA is working with members and political advisers to develop a more detailed proposal."

 

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