How can RFCSNQ help you?
RFCSNQ provides a confidential, free and impartial rural financial counselling service to primary producers, fishers and small rural businesses experiencing financial difficulties.
Rural Financial Counsellors assist and support a client to:
- understand the financial position and viability of the business enterprise,
- identify options to improve their financial position,
- develop a plan to implement the options chosen by the client and provide advice to implement that plan,
- assist in negotiations with lending institutions in relation to:
- loan applications and contracts with those institutions,
- processes relating to farm debt mediation,
Rural Financial Counsellors also:
- provide information on, refer clients to, and assist clients access programs provided by government or industry,
- assist clients identify the need for advice from, and to prepare for meetings with, professional service providers,
- provide information to assist clients make decisions relating to their business enterprises,
- provide advice on generic financial products in accordance with ASIC requirements.
What an RFCs doesn’t do
- Provide advice on estate or succession planning
- complete the sections of succession plans where legal, financial, accounting or taxation advice is required
- provide financial advice, or advice/assistance on financial, accounting, taxation or legal aspects of a client’s enterprise
- provide debt agreement administration under the Bankruptcy Act 1966 (Cwlth)
- provide family, social or emotional counselling
- recommend particular or best options or influence clients’ decisions on using particular financial products
- provide technical or agronomic advice for clients’ enterprises.
The client makes the decisions: it is up to the client to choose which option is right for them. The RFC will help clients develop some options and will provide support with their decision-making using an action planning approach.