Queensland Financial Flood Support

If you’re based in Queensland and affected by the recent flood disaster, the government has made available financial support packages and grants.
Torrential rain and flood waters have impacted communities along the east coast from Maryborough in Queensland all the way to Grafton in NSW.
Across south-east Queensland, at least 33 areas were inundated by more than 1 metre of rainfall between 23 and 28 February. In Brisbane 792.8mm fell over the six days to 9am on 28 February, flooding an estimated 15,000 homes across the city.
Thousands were told to evacuate as flood waters then surged in the northern rivers district of NSW, laying waste to towns and washing away cattle. The low-lying city of Lismore experienced its worst flooding since modern records began.
With this unprecedented level of destruction, the Queensland Government has made available the following individual financial support packages and financial support grants for businesses.
There are some disaster relief payments for individuals affected by this flood, specifically:
Australian Government Disaster Recovery Payment
The Extraordinary Disaster Assistance Recovery Grants are available to assist directly impacted small businesses, primary producers and non-profits with the costs of clean-up and reinstatement.
All grant information included in this article is for small business. Information on grants available for primary producers and non-profit organisations can be found on the grant website.
Grants of up to $50,000 are available (through two applications) to hire or purchase equipment and materials, clean up, remove debris, replace or repair damaged infrastructure and stock, and other costs associated with the recovery process.
Businesses need to provide photographs of the direct damage to accompany their application/s.
Eligible clean-up, reinstatement activities and emergency measures include:
To be eligible for an exceptional circumstances grant, you must:
An applicant may also be eligible for an exceptional circumstances grant if both of the following apply:
Applications can be made on the QRIDA QLD Government website
This website also contains further information including:
Complete applications are assessed in order of receipt and QRIDA may request further information to help assess an application.
Applications remain open until 5 September 2022.
Some loans have been made available to assist businesses recover from this event:
Most major banks are offering support to their customers affected by this disaster. If you are experiencing financial hardship, we encourage you to contact your bank to discuss your situation with them.
If you are located in NSW and your business or not-for-profit has been affected by severe weather and flooding, you may be eligible for financial assistance.
The NSW government has established a financial support for business website which includes a disaster assistance finder. Simply complete the step-by-step assistance finder to see what government financial assistance you may be eligible for.
NSW LGA Financial Assistance and Support
Now more than ever, the team at Walsh Accountants are positioned to help business owners deal with the devastating impacts this flood disaster has had on their business and financial security.
We are here to help individuals obtain all the financial assistance available to them and to prepare for what is ahead through the recovery process.
If you are flood affected, please do not hesitate to contact our office and speak with one of our accountants for assistance.
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