Drought Recovery Concessional Loans are now available to help eligible farm businesses undertake planting and restocking activities. The Australian Government has committed $50 million for the provision of Drought Recovery Concessional Loans in Queensland in 2014-15.
Drought Concessional Loans are available to assist farm businesses recover from and prepare for future droughts and return to viability in the longer term. Under the scheme, the Australian Government has provided Queensland with $100 million for the provision of Drought Concessional Loans in 2013-14 and 2014-15.
The Australian Government has provided $30 million in 2014-15 for Concessional Loans to eligible Queensland farm businesses for debt restructuring. Applications for the Farm Finance Concessional Loans Scheme close on 30 June 2015.
The Queensland State Government has announced an increase to the maximum amount of assistance available under the Bovine Johne’s Disease Assistance Scheme from $100,000 to $200,000, and an extension of the scheme closing date to 30 June 2015.
The Queensland Government has implemented a personal protective equipment (PPE) rebate scheme to assist private veterinary practices in offsetting the cost of eligible PPE for use by veterinary surgeons in the testing of suspect Hendra virus cases.
Primary producers and small businesses directly affected by an eligible disaster may be eligible for low interest loans up to $250,000. Non-profit organisations directly affected by an eligible disaster may be eligible for a loan and grant package up to $105,000.
Primary producers, small businesses and non-profit organisations affected by Severe Tropical Cyclone Marcia and associated trough, 19 – 22 February 2015 may be eligible for grants up to $25,000 for recovery efforts to pay for clean up and restoration costs arising out of direct damage.
Primary producers and small businesses which have suffered a significant loss of income as a result of an eligible disaster may be eligible for low interest loans up to $100,000.
QRAA Productivity Loans
Finance up to $650,000 to cover capital costs to achieve a more productive and sustainable primary production enterprise.
Finance up to $650,000 to assist in the early years of establishing a primary production enterprise.
Table of current QRAA interest rates for First Start and Sustainability Loans.