Natural Disaster Assistance - Essential Working Capital - Queensland

Service summary

This assistance measure under Natural Disaster Relief and Recovery Arrangements helps primary producers and small business owners in natural disaster declared areas who have suffered a significant loss of income as a result of an eligible disaster.

This assistance is not intended to compensate for loss of income or provide assistance relating to direct damage suffered as a result of an eligible disaster.

The assistance provided under this scheme is a concessional loan of up to $100,000, to be used as essential working capital - money that is necessary to continue the normal operation of the primary production enterprise or small business for up to one year.

Examples of uses of essential working capital include:

  1. Paying salaries or wages
  2. Paying creditors
  3. Paying rent or rates
  4. Buying goods (for example, fuel) to carry on the primary production enterprise or small business
  5. Buying fodder or water for livestock or produce or transporting livestock or produce

Service type

Support Service

A service offered by government to aid in running a business.

Eligibility requirements

Refer to the Primary Producer Natural Disaster Assistance Scheme Guidelines for full eligibility criteria:

www.qrida.qld.gov.au 

Refer to the Small Business Natural Disaster Assistance Scheme Guidelines for full eligibility criteria:

www.qrida.qld.gov.au

Fees

No fees or charges.

No penalties for early payouts.

Joint finance with the applicant's bank.

Low rates of interest over the initial fixed term of the loan.

Publications Details

Disaster Assistance Scheme Essential Working Capital guidelines, application forms are available on the Disaster Assistance pages on the QRIDA website or by contacting QRIDA on Freecall 1800 623 946.


Additional information

Activation of this assistance is requested by the Department of Agriculture and Fisheries.  The activation is done on the basis of need, determined by damage assessments conducted by the Department of Agriculture and Fisheries.

QRIDA has Regional Area Managers available to assist producers and small business owners with the application process located in:

Bundaberg

Cloncurry

Innisfail

Kingaroy

Longreach

Mackay

Rockhampton

Roma

Toowoomba

Contact QRIDA's Regional Area Managers on Freecall 1800 623 946.

Administering agency

Minister for Agriculture and Fisheries
Queensland Rural and Industry Development Authority

Contact details

Minister for Agriculture and Fisheries
Queensland Rural and Industry Development Authority


Operating address:
Level 26
32 Turbot Street
Brisbane, Queensland 4000
Mailing address:
GPO Box 211
Brisbane, Queensland 4001

Phone:

07 3032 0100

Phone:

1800 623 946
contact_us@qrida.qld.gov.au

Website:

http://www.qrida.qld.gov.au Opens in a new browser window

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.