The impacts of ex-Tropical Cyclone Alfred have been significant for businesses across South East Queensland. If your business has been affected, there are financial support options available to help with recovery, including grants, concessional loans, and income support payments.
Below is a list of assistance programs, links to apply, and steps to help your business get back on track.
-
Disaster Assistance Loans
The Queensland Rural and Industry Development Authority (QRIDA) is offering concessional Disaster Assistance Loans to affected small businesses, primary producers, and not-for-profits. These loans help repair or replace damaged assets, stock, and essential working capital.
- Disaster Assistance Loans – Up to $250,000 for businesses and primary producers, and up to $100,000 for not-for-profits.
- Essential Working Capital Loans – Up to $100,000 for covering expenses like wages, creditors, rent, and rates.
These loans are available to eligible businesses in the following Local Government Areas (LGAs): Brisbane, Bundaberg, Fraser Coast, Gold Coast, Gympie, Ipswich, Lockyer Valley, Logan, Moreton Bay, Noosa, Redland, Scenic Rim, Somerset, Southern Downs, Sunshine Coast, and Toowoomba.
📌 Apply or learn more: QRIDA Disaster Assistance Loans
-
Disaster Recovery Allowance (DRA)
If you are a sole trader or an individual who has lost income because of Cyclone Alfred, you may be eligible for the Disaster Recovery Allowance (DRA).
This payment provides up to 13 weeks of financial assistance to help with living expenses.
📌 More details and application: Services Australia – Disaster Recovery Allowance
-
Australian Government Disaster Recovery Payment (AGDRP)
For individuals or businesses who have suffered significant losses, such as major property damage or injury, the Australian Government Disaster Recovery Payment (AGDRP) offers a one-off payment of:
- $1,000 per eligible adult
- $400 per eligible child
📌 Check eligibility and apply: Services Australia – Disaster Recovery Payment
-
Freight Subsidies for Primary Producers
Primary producers affected by Cyclone Alfred may be eligible for freight subsidies of up to $5,000 to help with the cost of transporting:
- Livestock
- Produce
- Essential materials and equipment
📌 Application details: QRIDA Freight Subsidy
-
Additional Support Services
If you need more help navigating financial support and recovery assistance, the following agencies offer guidance:
- Queensland Rural and Industry Development Authority (QRIDA) – Assists with disaster recovery loans and subsidies.
📌 Website: QRIDA Disaster Support - Queensland Reconstruction Authority (QRA) – Provides up-to-date information on rebuilding and recovery efforts.
📌 Website: Queensland Reconstruction Authority
How to Apply for Assistance
- Check Eligibility – Review the eligibility criteria on official government websites.
- Gather Documentation – Prepare supporting documents such as proof of damage, loss of income, and financial statements.
- Submit Your Application – Apply online through QRIDA, Services Australia, or other relevant agencies.
- Seek Help If Needed – Contact support agencies for assistance with your application.
Stay Informed and Rebuild Stronger
The road to recovery may be challenging, but financial assistance is available to help you rebuild your business and move forward with confidence. If you need further information, visit the links provided or contact the relevant government agencies for guidance.
Stay safe and take advantage of these resources to support your business’s recovery. Don’t forget to talk to your accountant about the support you might need for managing cash flow during challenging times too!
At VBA we specialise in strategic tax advice, offering tax and financial reporting for individual income earners, family businesses, tradies and construction companies.
Victor Bimrose Accountancy Pty Ltd (ASIC No. 1259423) ABN 53 010 957 294 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361.
General Advice Warning: This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.
