As if lifting the suspension is not enough, the Australian Government has announced an extra $70 million in assistance for cattle raisers and other related businesses affected by the recent temporary suspension of live cattle to Indonesia.

The Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig, announced a subsidised interest rate on loans of up to $300 000 and grants of up to $5,500 for financial advice.

"Trade is getting up and running again. I've lifted the suspension and you'll see boats departing shortly," he said.

"However, they do have a requirement for working capital, and so, looking at that, interest rate subsidies on loans of up to $300,000 provides that medium-term ability to manage through until the trade resumes."

Bankers on Wednesday also welcomed the new assistance to the cattle industry.

Steven Münchenberg, Chief Executive of the Australian Bankers’ Association (ABA), said: “The banking sector is pleased that this assistance is being offered to customers involved in the live cattle trade.”

“This trade has now resumed to Indonesia, however, the impact of the temporary suspension of trade on customers’ businesses has been significant and for many it will take a number of seasons for their businesses to recover.”

According to him, this interest rate subsidy will assist those businesses who need to borrow working capital to recover from the interruption.