A concessional interest rate loan must be made directly from the state to the eligible applicant. Concessional interest rate loan to small businesses or primary producers whose assets have been significantly damaged as a direct result of an eligible disaster For an applicant to be eligible, the state must be satisfied that: the applicant’s assets (including fodder) have been significantly damaged as a direct result of an eligible disaster; and the applicant’s small business or primary producer operation was viable prior to the eligible disaster and the assistance will ensure it continues to be viable. The state should implement to establish past and future appropriate assessment methods long-term viability; and the applicant is continuing or is to re-establish the business or primary producer operation within the same location, or within the same local government area. The principal loan amount is to be established by the state. Concessional interest rate loan to needy individuals or nonprofit organisations whose assets have been significantly damaged as a direct result of an eligible disaster For an applicant to be eligible, the state must be satisfied that: the applicant’s assets have been significantly damaged as a direct result of an eligible disaster; and the applicant has no alternative funding source to rectify the damage and has used any available insurance prior to seeking assistance. This could be any available insurance or funding received from government disaster programs which are not linked to the eligible measures or a loan from a financial institution. The state should implement appropriate assessment methods to determine if the applicant has sought alternative funding. The principal loan amount is up to $100 000 to any one eligible applicant. In addition to the loan, an applicant can also receive a grant (see subclauses 5.3.42–5.3.43). Concessional interest rate loans to a small business, primary producer or a non-profit organisation that has suffered a significant loss of income as a direct result of an eligible disaster For an applicant to be eligible, the state must be satisfied that: the applicant has suffered a significant loss of income as a direct result of an eligible disaster; and the applicant’s small business, primary producer or non-profit organisation operation was viable prior to the eligible disaster and the assistance will ensure it continues to be viable. The state should implement appropriate assessment methods to establish past and future long-term viability; and the applicant is continuing or is to re-establish the small business, primary producer or non-profit organisation operation within the same location, or within the same local government area.
A concessional interest rate loan must be made directly from the state to the eligible applicant. Concessional interest rate loan to small businesses or primary producers whose assets have been significantly damaged as a direct result of an eligible disaster For an applicant to be eligible, the state must be satisfied that: the applicant’s assets (including fodder) have been significantly damaged as a direct result of an eligible disaster; and the applicant’s small business or primary producer operation was viable prior to the eligible disaster and the assistance will ensure it continues to be viable. The state should implement appropriate assessment methods to establish past and future long-term viability; and the applicant is continuing or is to re-establish the business or primary producer operation within the same location, or within the same local government area. The principal loan amount is to be established by the state. Concessional interest rate loan to needy individuals or nonprofit organisations whose assets have been significantly damaged as a direct result of an eligible disaster For an applicant to be eligible, the state must be satisfied that: the applicant’s assets have been significantly damaged as a direct result of an eligible disaster; and the applicant has no alternative funding source to rectify the damage and has used any available insurance prior to seeking assistance. This could be any available insurance or funding received from government disaster programs which are not linked to the eligible measures or a loan from a financial institution. The state should implement appropriate assessment methods to determine if the applicant has sought alternative funding. The principal loan amount is up to $100 000 to any one eligible applicant. In addition to the loan, an applicant can also receive a grant (see subclauses 5.3.42–5.3.43). Concessional interest rate loans to a small business, primary producer or a non-profit organisation that has suffered a significant loss of income as a direct result of an eligible disaster For an applicant to be eligible, the state must be satisfied that: the applicant has suffered a significant loss of income as a direct result of an eligible disaster; and the applicant’s small business, primary producer or non-profit organisation operation was viable prior to the eligible disaster and the assistance will ensure it continues to be viable. The state should implement appropriate assessment methods to establish past and future long-term viability; and the applicant is continuing or is to re-establish the small business, primary producer or non-profit organisation operation within the same location, or within the same local government area.
NDRRA-determination-2017.docx