Disaster Recovery Funding - SEQ Rainfall & Flooding – 22 Feb to 7 Mar 2022

Disaster assistance available for businesses

The Queensland Rural and Industry Development Authority (QRIDA) is offering three types of funding for business impacted by the South East Queensland rainfall and flooding event from 22 February to 7 March 2022.

Grants of up to $50,000 are available for small business and non-profit organisations, or $75,000 for primary producers to hire or purchase equipment and materials, clean up, remove debris, replace or repair damaged infrastructure and stock and other costs associated with the recovery process. 

Eligibility

• Applicants will need to show they are a small business owner, non-profit organisation of primary producer
• Hold an Australian Business Number (ABN) and have held that ABN at the time of the eligible disaster
• Have a business, organisation, or enterprise located in the defined disaster area for the eligible disaster that has suffered direct damage as a result of the eligible disaster
• Have been engaged in carrying on the business, organisation, or enterprise when affected by the eligible disaster
• Be primarily responsible for meeting the costs claimed in the application
• Intend to re-establish the organisation in the defined disaster area for the eligible disaster
• Demonstrate they have suffered direct impact from the disaster
  
  

How much can I get?

• An initial amount of up to $15,000 is available to support an initial claim. Evidence of the direct damage such as photographs, quotations, tax invoices or official receipts, is required.
• A subsequent amount of up to $35,000 for small business and non-profit organisations, or $60,000 for primary producers, is available to support subsequent claims for which full evidence of payment is required.
  
  

How do I claim?

If you are insured, full details and a copy of your insurance policy and/or claim must be provided. QRIDA may be unable to finalise your Disaster Assistance Grant application until the outcome of your insurance claim is determined and claim outcome is provided.

Applications close 5 September 2022 and can be completed online by clicking on the following links:

Small Business https://www.qrida.qld.gov.au/program/extraordinary-disaster-assistance-recovery-grants-south-east-queensland-rainfall-and-flooding#-Business 

Non-Profit Organisation https://www.qrida.qld.gov.au/program/extraordinary-disaster-assistance-recovery-grants-south-east-queensland-rainfall-and-flooding#-Non-profit-organisations

Primary Producer https://www.qrida.qld.gov.au/program/extraordinary-disaster-assistance-recovery-grants-south-east-queensland-rainfall-and-flooding#-Primary-producer

Disaster Assistance (Essential Working Capital) Loan

Concessional loans of up to $100,000 with loan terms of up to 10 years are available to assist small businesses, non-profit organisations, or primary producers with essential working capital for expenses such as paying salaries or wages, creditors, rent or rates, or buying goods, fodder or water.

Up to two years interest only payments may be available, and there are no establishment fees or account maintenance fees, but the loan must be secured by a mortgage of land and other assets satisfactory to QRIDA.

Eligibility

To be eligible for assistance, your business, organisation or enterprise must be located in one of the defined disaster areas.

How do I claim?

Applications close 31 December 2023 and can be completed online by clicking on the following links:

Small Business https://www.qrida.qld.gov.au/program/disaster-assistance-essential-working-capital-loan#-Business

Non-Profit Organisation https://www.qrida.qld.gov.au/program/disaster-assistance-essential-working-capital-loan#-Non-profit-organisations

Primary Producer https://www.qrida.qld.gov.au/program/disaster-assistance-essential-working-capital-loan#-Primary-producer

Disaster Assistance Loan

Disaster Assistance Loans of up to $250,000 with loan terms of up to 10 years are available to assist small businesses, non-profit organisations, or primary producers with re-establishing normal operations by covering costs such as repairing or replacing damaged plant and equipment, repairing or replacing buildings, supplying stock for up to one month, and meeting carry-on requirements including sustenance, rent and rates.

Up to two years interest only payments may be available, and there are no establishment fees or account maintenance fees, but the loan must be secured by a mortgage of land and other assets satisfactory to QRIDA.

Eligibility

To be eligible for assistance, your business, organisation or enterprise must be located in one of the defined disaster areas.

How do I claim?

Applications close 31 December 2023 and can be completed online by clicking on the following links:

Small Business https://www.qrida.qld.gov.au/program/disaster-assistance-loans#-Business

Non-Profit Organisation https://www.qrida.qld.gov.au/program/disaster-assistance-loans#-Non-profit-organisations

Primary Producer https://www.qrida.qld.gov.au/program/disaster-assistance-loans#-Primary-producer

Next Steps

• Consult with an advisor at Cutcher & Neale regarding the eligibility requirements
• Apply online via the relevant QRIDA online application form