End of Financial Year:
Key Things to Know from QRAA
With End of Financial Year (EOFY) fast approaching, QRAA share two key things that might be of value to rural businesses before 30 June 2017.
Drought-affected primary producers in Queensland can take advantage of an additional $15 million in financial assistance from the Commonwealth Government to help them recover, restructure, and revitalise their business.
The Drought Assistance Concessional Loans program provides up to $1 million to refinance existing debt, provide cash flow for carry-on costs, restock and replanting when conditions improve, or investing in future preparedness measures.
Recovery grants up to $25,000 and concessional loans up to $250,000 are now available for eligible primary producers, small businesses and non-profit organisations impacted by Severe Tropical Cyclone Debbie and associated flooding. Affected businesses can now submit their recovery application and documentation directly online via the QRAA website. The grants are available until 13 October 2017.
Affected businesses can submit their recovery application and documentation until 13 October 2017.
New name and functions for QRAA
From 1 July 2017, in addition to its financial assistance, QRAA will have expanded responsibilities including hosting Queensland’s new compulsory farm debt mediation scheme, a new broader industry focus and name as the Queensland Rural and Industry Development Authority (QRIDA).