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Disaster Assistance Loans - Primary producer

Primary producers whose assets have been significantly damaged as a direct result of an eligible disaster may be able to access low interest loans of up to $250,000.

What assistance is available?

Concessional loans are provided to assist you to re-establish the normal operations of your primary production enterprise by covering costs such as:

  • repairing or replacing damaged plant and equipment
  • repairing or replacing farm buildings
  • purchasing livestock to replace those lost in the disaster event
  • meeting carry-on requirements including:
    • re-planting, restoring or re-establishing areas affected by the disaster event
    • sustenance
    • essential property operations
    • paying rent and rates

Features

Loan amount
  • Maximum of $250,000
Maximum term
  • Up to 10 years
Repayments
  • If needed, up to 2 years interest only may be available
Security
  • A loan under the scheme must be secured by a mortgage of land and other assets satisfactory to QRIDA
Fees
  • No establishment fees, no account maintenance fees and no fees for early payout.

Interest rates

The initial annual interest rates for these concessional loans are:

RateEligible disaster
1.37%
  • Wide Bay-Burnett Severe Storms, 11 – 14 October 2018 event;
1.32%
  • Severe Tropical Cyclone Nora and Associated Flooding, 24 - 29 March 2018 event
1.32%
  • North Queensland Flooding, 6 – 10 March 2018 event
1.32%
  • North and North West Queensland Low and Associated Rainfall and Flooding, 24 February – 8 March 2018 event
1.32%
  • Central Coast Queensland Severe Weather, 16 - 19 October 2017 event
1.16%
  • Severe Tropical Cyclone Debbie and associated rainfall and flooding, 28 March - 6 April 2017 event

Defined disaster areas

The Minister for Police, Fire and Emergency Services has activated concessional loans for primary producers in relation to the following eligible disasters:

  • Wide Bay-Burnett Severe Storms, 11 – 14 October 2018
  • Severe Tropical Cyclone Nora and Associated Flooding, 24 – 29 March 2018
  • North Queensland Flooding, 6 – 10 March 2018
  • North and North West Queensland Low and Associated Rainfall and Flooding, 24 February – 8 March 2018
  • Central Coast Queensland Severe Weather, 16 – 19 October 2017
  • Severe Tropical Cyclone Debbie and Associated Rainfall and Flooding, 28 March – 6 April 2017

To be eligible for assistance your property must be located in one of the "defined disaster areas" for the relevant disaster (see below).

Eligible disasterDefined disaster area

Wide Bay-Burnett Severe Storms, 11 – 14 October 2018

  • Fraser Coast Regional Council
  • Gympie Regional Council
  • South Burnett Regional Council

Severe Tropical Cyclone Nora and Associated Flooding, 24 – 29 March 2018

  • Carpentaria Shire Council South Burnett   Regional Council
  • Cassowary Coast Regional Council
  • Croydon Shire Council
  • Douglas Shire Council
  • Etheridge Shire Council
  • Hinchinbrook Shire Council

North Queensland Flooding, 6 – 10 March 2018

  • Cassowary Coast Regional Council
  • Hinchinbrook Shire Council

North and North West Queensland Low and Associated Rainfall and Flooding, 24 February – 8 March 2018

  • Cloncurry Shire Council
  • McKinlay Shire Council

Central Coast Queensland Severe Weather, 16 – 19 October 2017

  • Bundaberg Regional Council
  • Gladstone Regional Council
  • North Burnett Regional Council

Severe Tropical Cyclone Debbie and Associated Rainfall and Flooding, 28 March – 6 April 2017

  • Banana Shire Council
  • Central Highlands Regional Council
  • Gladstone Regional Council
  • Gold Coast City Council
  • Isaac Regional Council
  • Livingstone Regional Council
  • Lockyer Valley Regional Council
  • Logan City Council
  • Mackay Regional Council
  • North Burnett Regional Council
  • Rockhampton Regional Council
  • Scenic Rim Regional Council
  • Whitsunday Regional Council
  • Woorabinda Aboriginal Shire Council

Individually Disaster Stricken Properties

Primary producers significantly affected by a disaster, but not located in a defined disaster area may be eligible to apply for assistance as an individually disaster-stricken enterprise.  In this circumstance, the current commercial lending rate applies unless the concessional interest rate is granted by QRIDA. To apply on this basis you should first apply for an Individual Disaster Stricken Property (IDSP) Certificate through
the Department of Agriculture and Fisheries. For further information please visit the Department of Agriculture and Fisheries website or call 13 25 23.

Should you have any queries in relation to the Disaster Recovery Funding Arrangements 2018 please contact us 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 Disaster Recovery Funding Arrangements 2018.

Last updated
2 November 2018