Farm budget manual 1983 financial volume 1 - Lincoln University ...

not already have suitable accommodation on the farm for
their employee. Normal terms and the existing conditions
of lending will apply, and the proposed dwelling must be
located within a workable distance from the farm.
1.12.2 Farm Employment Scheme
1.13 GENERAL
[Rural Banking and Finance Corporation]
This scheme is aimed at encouraging the creation of additional
jobs in the farming sector and provides a wage
subsidy for each person engaged through the Department of
Labour. All farmers in New Zeal and are el igible to
participate in the scheme provided:
* on 1y workers referred by the Department of Labour are
engaged under the Scheme.
* prior approval to engage staff has been obtained.
* the vacancy must be for a fun-time job additional to
normal requirements. For seasonal activities it must
be additi ona 1 to the number of jobs over the corresponding
period in the previous year.
* award wages must be paid.
* the vacancy must not have been created by the discharge
directly or indirectly of another worker.
The amount of the subs; dy is $50 per person per week for
up to 6 months starting from the date the person is engaged.
In addition, a bonus of $500 is payable in respect
of an employee engaged under the scheme who is employed
continuously for 12 months.
The amount of wages cl aimed by the farmer for income tax
purposes should be reduced by $50 per week for each worker
and by the $500 bonus(es).
1.13.1 Estate Duty
[Department of Labour,
Inland Revenue Department]
Within its available funds the Rural Bank of New Zealand
will assist with loan finance to pay estate duty in cases
of genuine need. The bank's normal lending criteria
apply to such loans. Preference for the avai 1 abl e
finance is given where a beneficiary (such as a widow or a
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