In the wake of South-east Queensland being hit again by severe thunderstorms and flash floods, the Federal Government has announced an additional $20 million in disaster relief, with relief grants for affected farmers, small businesses and not-for-profits. This follows the devastating impact of the rainfall in the wake of Cyclone Jasper, which was already subject to relief measures.
Mr Albanese said affected farmers would be eligible for $75,000 grants and small businesses and not-for-profits for $50,000 grants to help them with clean-up and recovery.
In addition to the Government’s most recent funding announcement, eligible businesses will be able to access the following support:
Disaster Recovery Allowance (DRA)
The DRA provides up to 13 weeks of federal income support to assist eligible employees or sole traders who experience a loss of income as a direct result of a major disaster. Click on the link to find out more about the Disaster Recovery Allowance
Small business disaster relief from:
South East Queensland severe storms (commencing 24 December 2023)
Small businesses in eligible local government areas may be able to access:
- disaster assistance loans of up to $250,000
- disaster assistance (essential working capital) loans of up to $100,000
Tropical Cyclone Jasper (13–28 December 2023)
Small businesses in eligible local government areas may be able to access:
- extraordinary disaster assistance recovery grants of up to $50,000
- disaster assistance loans of up to $250,000
- disaster assistance (essential working capital) loans of up to $100,000.
The ARA understand that this is a very trying time for businesses across the country being devastated by these natural disasters and we are doing what we can to provide up-to-date advice on government grants to support businesses and individuals affected by these floods.
For any Small Businesses needing help navigating the grant application process, The Small Business Debt Helpline (SBDH), set up in 2020 with funding from the Australian Government, is a very useful resource for small businesses to utilise.
The SBDH can help you find and apply for grants, concession loans and bill relief to help your business recover if your business has been affected by these recent floods.
They can also help with your insurance – including understanding your policy, making a claim, or dealing with your insurance company.
In addition, they can help you:
- understand your financial situation
- understand your rights and responsibilities as a small business owner
- understand eligibility criteria and how to apply for grants and loans
- prepare for the application process, including gathering documents and filling out forms
- find emotional and mental health support.
