Traveston Crossing/Wyaralong Dams - Business Adjustment Scheme
As a result of the announcement of the proposed Traveston Crossing and Wyaralong Dams, QRAA is providing financial assistance on behalf of the Queensland Government to businesses that have been affected.
Traveston Crossing and Wyaralong Dams – Business Adjustment Scheme
The Business Adjustment Scheme provides eligible businesses, which are significantly adversely affected by the announcement of the proposed dams, the ability to seek financial assistance for Business Advice, Business Restructure or Business Exit.
Business Advice Assistance | Enables eligible businesses to seek reimbursement for costs associated with obtaining professional financial advice regarding the adverse effects of the proposed Traveston Crossing and Wyaralong Dams, on your business. Assistance is in the form of a grant to cover 100% of costs up to $2,000, payable on the presentation of valid tax invoices/receipts for expenses. The Information for Financial Advisors Fact Sheet (193KB) details what information will be required from your Financial Advisor for your application. |
Business Restructure Assistance | Enables eligible businesses to develop and implement business strategies to improve the ongoing viability of your business. Assistance is in the form of a one-off grant up to 100% of the estimated net exit value of the business to undertake a range of restructuring options including:
Support for short term decline in profitability suffered as a result of the dam announcement is also available. |
Business Exit Assistance | Provides a one-off payment to enable an eligible business, where as a result of the dam announcement, exiting the business is the only realistic option. Assistance will be determined in each case by QRAA and subject to an independent formal valuation of the business. |
Terms and Conditions | Please refer to program Guidelines which detail the terms and conditions of obtaining the assistance and eligibility requirements. Payments made by QRAA may result in financial, taxation, legal or other implications. Applicants are advised to seek independent professional advice in regards to possible implications before participating in the Scheme. |
How to apply for assistance | A relevant Application Form will need to be completed and submitted to QRAA. |
Support is available | QRAA is available to answer any questions you may have on the financial assistance programs. Our representatives can be contacted on Freecall 1800 623 946 |
Additional support and other services to further develop your business may be available.
Please contact:
Queensland Water Infrastructure Pty Ltd (QWIPL) - 1800 225 384
For all landowner enquiries:
Department of Tourism, Regional Development and Industry – 1300 363 711
Department of Primary Industries and Fisheries – 13 25 23
Information Sessions
Traveston Dam Information Sessions
Information sessions regarding the financial assistance were held by QRAA on the 14 November 2006 in Kandanga.
Details of the sessions held can be obtained by viewing the
Business Financial Assistance Information Session Fact Sheet (323KB).
Additional information sessions about the financial assistance will be held in Kandanga and surrounding areas in the future.
Wyaralong Dam Information Session
An Information session was held at the Boonah Cultural Centre on the 6 December 2006 at 6.30pm.
Additional information sessions about the financial assistance will be held in the Boonah area in the future.