Future Drought Fund passes final hurdle in Senate
After delaying the vote and criticising the policy, federal Labor has provided the necessary support to pass the federal government's Future Drought Fund through parliament.
The Bill to enact the the Coalition's rural showpiece policy made its way through the Lower House last night, and today Labor has agreed to approve the legislation in the Senate.
With seed funding of $3.9 billion, the drought fund would grow to $5b by 2030.
Government has yet to propose projects, and the fund won't pay out until mid-way through 2020, when it will provide $100m a year for preparedness and prevention.
https://www.queenslandcountrylife.com.au/story/6287475/future-drought-fund-passes-final-hurdle-in-senate/
The Bill to enact the the Coalition's rural showpiece policy made its way through the Lower House last night, and today Labor has agreed to approve the legislation in the Senate.
With seed funding of $3.9 billion, the drought fund would grow to $5b by 2030.
Government has yet to propose projects, and the fund won't pay out until mid-way through 2020, when it will provide $100m a year for preparedness and prevention.
https://www.queenslandcountrylife.com.au/story/6287475/future-drought-fund-passes-final-hurdle-in-senate/
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