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Frequently Asked Questions - Disaster Assistance

Applying for a loan

For what purposes are Disaster Assistance loans available?

Disaster Assistance loans up to $250,000 for primary producers and small businesses, and a loan up to $100,000 for non-profit organisations are available to re-establish normal operations where an enterprise has been damaged as a direct result of an eligible disaster.

This assistance includes measures to repair or replace plant, equipment and buildings, acquire stock and meet carry-on needs.

If my enterprise has not experienced direct damage, but has suffered income loss as the result of an eligible disaster, can I apply for assistance?

If your enterprise has not experienced direct damage, but has suffered a significant loss of income as a result of an eligible disaster, you may be eligible to apply for a Disaster Assistance (Essential Working Capital) loan of up to $100,000.

For information on the Natural Disaster Assistance (Essential Working Capital) loans click here.

Can I apply for a Disaster Assistance loan and a Natural Disaster Assistance (Essential Working Capital) loan if I have suffered both direct damage and loss of income?

No. You may receive assistance under either a Disaster Assistance loan up to $250,000 or a Disaster Assistance (Essential Working Capital) loan up to $100,000, but not both loans.
If you have suffered direct damage, funds may be accessed for working capital requirements under a Disaster Assistance loan.

If I have questions in completing my application, where can I go for assistance?

Regional Area Managers are available in Bundaberg, Cloncurry, Innisfail, Kingaroy, Emerald, Mackay, Rockhampton, Roma and Toowoomba. QRIDA representatives in Brisbane are also available to assist you. To speak to a QRIDA representative, phone Freecall 1800 623 946. Your accountant or bank may also be able to provide you with assistance.

Loan Management

What fees and charges do I pay on a Disaster Assistance loan?

The only cost associated with a Disaster Assistance loan is interest which is charged at a concessional rate.
There are no fees or charges for establishing, maintaining or early pay out of a Disaster Assistance loan.

Is there a requirement to provide periodic review information to QRIDA?

Yes. Disaster Assistance loans are reviewed on an annual basis. Three months prior to your annual review, QRIDA will contact you for current financial information.

Last updated
22 November 2018