restoration or replacement to pre-disaster standard Essential public asset The requirements for restoration or replacement of an asset are: the asset is an and essential public asset; the restoration or replacement results in the asset being restored or replaced to its pre-disaster standard, in accordance with current building and engineering standards. Essential public asset betterment In this Determination in relation to an asset, means the restoration betterment, or replacement of the asset to a more disaster-resilient standard than its standard. of an asset will be considered an eligible measure if: Betterment the is an and essential public asset; the informs the of its decision to restore the asset to a more Secretary disaster-resilient standard, and of its reasons for doing so; and the is satisfied with the cost effectiveness of the proposal; and Secretary the is satisfied that the increased disaster-resilience of the asset Secretary will mitigate the impact of future natural disasters. Additional requirements for subsidies or Category B measures—loans, grants assistance to a or small business primary producer The requirements for a scheme of loans assistance at a concessional interest rate to a or are: small business primary producer the loan is made by the to a or and state small business primary producer; the is satisfied that the borrower’s assets (including fodder) have been significantly damaged by the and natural disaster; the is satisfied that the borrower has no reasonable prospect of state obtaining commercial finance but has a reasonable prospect of long-term viability for the business; and the loan is established in accordance with the requirements (if any) of Schedule 1 of this Determination. Loans assistance to a needy or voluntary non-profit body individual The requirements for a scheme of loans assistance at a concessional interest rate to a needy or voluntary non-profit body are: individual the loan is made by the to a needy or voluntary non-profit individual body; and the is satisfied that the borrower’s assets have been significantly state damaged by the and natural disaster; the is satisfied that the borrower has no reasonable prospect of obtaining commercial finance; and
Essential public asset restoration or replacement to pre-disaster standard The requirements for restoration or replacement of an asset are: the asset is an essential public asset; and the restoration or replacement results in the asset being restored or replaced to its pre-disaster standard, in accordance with current building and engineering standards. Essential public asset betterment In this Determination betterment, in relation to an asset, means the restoration or replacement of the asset to a more disaster-resilient standard than its standard. Betterment of an asset will be considered an eligible measure if: the is an essential public asset; and the informs the Secretary of its decision to restore the asset to a more disaster-resilient standard, and of its reasons for doing so; and the Secretary is satisfied with the cost effectiveness of the proposal; and the Secretary is satisfied that the increased disaster-resilience of the asset will mitigate the impact of future natural disasters. Additional requirements for Category B measures—loans, subsidies or grants assistance to a small business or primary producer The requirements for a scheme of loans assistance at a concessional interest rate to a small business or primary producer are: the loan is made by the state to a small business or primary producer; and the is satisfied that the borrower’s assets (including fodder) have been significantly damaged by the natural disaster; and the state is satisfied that the borrower has no reasonable prospect of obtaining commercial finance but has a reasonable prospect of long-term viability for the business; and the loan is established in accordance with the requirements (if any) of Schedule 1 of this Determination. Loans assistance to a needy individual or voluntary non-profit body The requirements for a scheme of loans assistance at a concessional interest rate to a needy individual or voluntary non-profit body are: the loan is made by the to a needy individual or voluntary non-profit body; and the state is satisfied that the borrower’s assets have been significantly damaged by the natural disaster; and the is satisfied that the borrower has no reasonable prospect of obtaining commercial finance; and
2011-NDRRA-determination.docx