This assistance measure under Natural Disaster Relief and Recovery Arrangements helps primary producers and small business owners in natural disaster declared areas pay for costs arising out of direct damage caused by an eligible disaster.
This assistance is not intended to compensate for loss of income suffered as a result of an eligible disaster.
This assistance is not intended to reduce incentives for primary producers or small businesses to ensure they have adequate insurance against damage from disaster events
The assistance provided under the scheme is a concessional loan for re-establishing the normal operations of a primary production enterprise or small business, including:
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;
purchasing livestock to replace livestock lost in the disaster event;
meet requirements for carrying on production including:
(i) re-planting, restoring or re-establishing areas affected by the eligible disaster;
(iii) essential property operations;
(iv) paying rent or rates.
The maximum assistance under the scheme is a loan up to $250,000.
The amount of assistance available to an applicant under the scheme
is based on assessment of the applicant's financial position, including any amount recovered under an insurance policy, and
must not be more than the amount of the amount of net loss to the applicant caused by an eligible disaster.