Natural Disaster Assistance
Natural disasters often occur when we least expect them. Should you be affected by floods, cyclones, storms or bushfires, relief is at hand from QRAA.
What assistance is available?
A low interest loan up to $250,000 can assist you to re-establish your small business by covering costs such as:
- repairing or replacing damaged plant and equipment
- repairing or replacing buildings
- supplying stock for up to one month to replace lost stock and maintain liquidity of the business
- meeting carry-on requirements including:
- restoring or re-establishing areas affected by the disaster event
- sustenance
- essential property operations
- paying rent and rates
Features
| Loan amount |
Low interest loan up to a maximum of $250,000 for any one eligible natural disaster. |
If your enterprise has suffered extreme damage as a result of the Queensland Floods (Nov 2010 - Jan 2011) or Tropical Cyclone Yasi, you may be eligible for a loan and grant package of up to $650,000 under the Exceptional Disaster Assistance Scheme |
| Interest rate |
Initial interest rate of 4% per annum |
|
| Maximum term |
Up to 7 years |
|
|
Repayments |
If needed, up to 2 years interest only may be available |
|
|
Security |
Security to QRAA's satisfaction will be required for the loan - QRAA will discuss this with you |
Fees
| Establishment fees |
|
| Account maintenance fees |
|
| Early payout fees |
|
Terms and conditions
Our programs are subject to terms and conditions that identify the required eligibility criteria for each loan. Please refer to the Guidelines for further information on your eligibility for this assistance.
Who is eligible to apply?
To be eligible for assistance, you must have received direct damage caused by the flooding in November 2010-January 2011, Tropical Cyclone Yasi or the monsoonal flooding between 28 February-March 2011, and be located in one of the following local government areas (current as at 08/02/2012):
| Queensland Floods (November 2010 - January 2011) | Tropical Cyclone Yasi | Queensland Monsoonal Flooding (28 February-March 2011) |
|
| - Balonne |
- Longreach |
- Burdekin |
- Barcoo |
| - Banana |
- Maranoa |
- Cairns | - Diamantina |
| - Barcaldine |
- Moreton Bay |
- Cassowary Coast | |
| - Blackall-Tambo | - Murweh | - Charters Towers | |
| - Brisbane | - North Burnett | - Croydon | |
| - Bundaberg | - Rockhampton | - Etheridge | |
| - Central Highlands | - Scenic Rim | - Flinders | |
| - Cherboug | - Somerset | - Hinchinbrook | |
| - Fraser Coast | - South Burnett | - Isaac | |
| - Gladstone | - Southern Downs | - Mackay | |
| - Goondiwindi | - Sunshine Coast | - Palm Island | |
| - Gympie | - Toowoomba | - Richmond | |
| - Ipswich | - Western Downs | - Tablelands | |
| - Isaac | - Woorabinda | - Townsville | |
|
- Lockyer Valley |
- Whitsundays | ||
| - Yarrabah | |||
| Western Queensland Tropical Low (27 January - February 2012) |
| - Balonne |
| - Barcaldine |
| - Blackall-Tambo |
| - Maranoa |
| - Murweh |
| - Paroo |
| - Quilpie |
| North Coast Storms and Flooding and East Coast Hybrid Low, 24 February - 7 March 2012 |
| - Sunshine Coast Regional Council |
| - Gympie Regional Council |
| Heavy Rainfall & Flooding, Northern & Far Northern Queensland 16 March 2012 |
| - Townsville City Council |
| East Coast Low 22 March 2012 |
| - Sunshine Coast Regional Council |
Current disaster declarations
For more information about current disaster declarations please view recent natural disaster events.
Further information
If you require further information on Natural Disaster Assistance, or have any queries with regards to completing your application, please contact us on Freecall 1800 623 946 or contact your nearest Client Liaison Officer in one of our regional offices.
