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Natural Disaster Assistance - Non-profit organisation

Non-profit organisations directly affected by an eligible disaster may be eligible for a low interest loan and grant package up to $105,000.

What assistance is available?

A low interest loan and grant; package of up to $105,000 can assist re-establish your organisation by covering the costs of:

  • repairing or replacing damaged plant and equipment
  • repairing or restoring essential premises, including grounds, amenities and infrastructure
  • supplying stock for up to 1 month to replace lost stock and maintain liquidity

Features

Loan amount
  • Low interest loan up to $100,000 and a grant of up to $5,000
  • The first $30,000 of the assistance comprises a loan and a non-repayable grant based on a 5:1 ratio.  As examples, if:
    • assistance of $12,000 is approved the loan amount will be $10,000 and the grant amount $2,000
    • assistance of $24,000 is approved the loan amount will be $20,000 and the grant amount $4,000.
Interest rate
  • The initial annual interest rate is 1.16% for loans under the Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017 event.
Maximum term
  • Up to 7 years
Security
  • A loan under the scheme must be secured by a mortgage of land and other assets satisfactory to QRIDA

Fees

Establishment fees

Nil

Account maintenance fees

Nil

Early payout fees

Nil

Who is eligible to apply?

To be eligible for assistance, your organisation must have received direct damage from an eligible natural disaster and must be located in an activated local government area.

Please note that non-profit organisations can only receive assistance under the Natural Disaster Assistance Scheme OR the Natural Disaster Assistance (Essential Working Capital) Scheme for an eligible disaster - not both.

Current disaster activations

The Minister for Police, Fire and Emergency Services announced on 29 March 2017 that Natural Disaster Assistance Concessional Loan and Grant Packages are now available for non-profit organisations affected by Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28-31 March 2017.

To apply for assistance for direct damage caused by Severe Tropical Cyclone Debbie and associated rainfall and flooding, you must be located in one of the following local government areas:

Activated local government areas for Non-profit Organisations - Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017 (current as at 10 April 2017)
Gold Coast City Council
Logan City Council
Mackay Regional Council
Rockhampton Regional Council
Scenic Rim Regional Council
Whitsunday Regional Council

Should you have any queries in relation to the Natural Disaster Relief and Recovery Arrangements please contact QRIDA on Freecall 1800 623 946 or contact your nearest Regional Area Manager in one of our regional offices.

QRIDA administers financial assistance to disaster affected primary producers, businesses and non-profit organisations under the joint Commonwealth / Queensland Government funded Natural Disaster Relief and Recovery Arrangements (NDRRA).

Last updated
30 October 2017