North Queensland Restocking, Replanting and On-farm Infrastructure Grant
North Queensland Restocking, Replanting and On-farm Infrastructure co-contribution Grants of up to $400,000 are available to assist primary producers impacted by the North and Far North Queensland Monsoon Trough.
Your primary production enterprise will be considered financially viable if you have:
Available cash funds for your matched co-contribution.
Approved finance from commercial sources to provide your matched co-contribution (e.g. you have margin in your existing loan facilities, or your bank has agreed to provide additional funding for the purposes of the grant).
A disaster assistance loan from QRIDA to provide your matched co-contribution.
A loan from the Regional Investment Corporation to provide your matched co-contribution.
If you have insurance cover you must submit and finalise a claim prior to receiving any grant funding for these items.
If your insurance pay-out does not cover the full cost of repairs, the balance of the repair costs may be eligible under this scheme.
You can still apply for funding associated with other eligible costs not covered by an insurance policy (for example for restocking) prior to the finalisation of an insurance claim.
The expected processing time of a Restocking, Replanting and On-Farm Infrastructure Grant application with all required information is 15 to 20 business days.
To help ensure your application has all the required information provided to process promptly, applicants can speak with a QRIDA representative prior to lodging your application to discuss your proposal.
If unsure or need help with your application contact QRIDA on Freecall 1800 623 946.
The Eligible Separate Business criteria under the Special Disaster Assistance Recovery Grant does not apply to this scheme.
Under the Restocking, Replanting and On-Farm Infrastructure Grant scheme, the maximum grant amount available for an eligible primary production enterprise is $400,000.
If you operate more than one eligible primary production enterprise as demonstrated by your financial statements, and can provide separate matched co-contributions, each enterprise may be eligible for a separate grant under this scheme.
Please contact QRIDA to discuss your situation on Freecall 1800 623 946.
The draw down process will be clearly outlined in your approval correspondence from QRIDA. To draw down on the approved grant funds, you will need to provide either:
an official tax invoice and an authority to pay for QRIDA to pay directly to the supplier; or
an official tax invoice and receipt (generally an EFT receipt) for reimbursement to your account if you have already paid the tax invoice yourself.
If you have not paid the invoice, QRIDA will pay 50 per cent of the GST-exclusive supplier invoice directly to the supplier on your behalf.
If you have already paid the invoice, QRIDA will pay 50 per cent of the GST-exclusive supplier invoice to you.
You are still entitled to claim all of the GST credits for your purchase even though QRIDA is providing funds to assist with the purchase.
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