NATURAL DISASTER RELIEF ARRANGEMENTS Schedule 1 This Schedule is issued as necessary to establish the rates and ceilings for Natural Disaster Relief and Recovery Arrangements reimbursement for eligible measures taken on natural disaster relief and recovery. Subclause 3.3.2(a) and 3.7.1 Loans to small businesses or primary producers — Amounts to be established by the Subclause 3.3.2(b) and 3.7.2 Loans or grants to and voluntary non-profit bodies individuals — A maximum loan of $100,000 and grant of $5,000 to any one applicant with the first $30,000 (or part thereof) by way of combination of loan and grant in the ratio 5:1. Subclause 3.3.2(d) and 3.7.4 Interest rate subsidy — Maximum allowable loan amount that qualifies for the interest subsidy is to be established by the states. The maximum Commonwealth contribution is calculated using an interest rate based on 50 per cent of the ten-year Treasury bond rate averaged over April May June for the applicable financial year. The – – subsidy shall be the lesser of this amount or 50 per cent of the actual (commercial) interest amount. Subclause 3.3.2(e) and 3.7.5 Grants to needy and voluntary non-profit bodies individuals – A maximum grant of $10,000 for voluntary non-profit bodies and $5,000 for needy (subject individuals to means testing). Clause 3.4 (Community recovery package) Category C Measure – Community recovery fund to be determined at time of triggering assistance. –Amount Recovery grants for small businesses maximum grant of $10,000, up to $25,000 under –A exceptional circumstances. Recovery grants for primary producers A maximum grant of $10,000, up to $25,000 – under exceptional circumstances. Clause 5.5 Small disaster criterion — The for the 2012-13 is $240,000. small disaster criterion financial year Subclause 5.12.1 Concessional interest rate loan — Calculation of the applicable interest rate is based on 50 per cent of the ten-year Treasury bond rate averaged over April May June for the applicable financial year. – – The amount of financial assistance on under the Natural Disaster Relief and Recovery eligible measures Arrangements may be subject to ceilings determined by the Minister.
NATURAL DISASTER RELIEF ARRANGEMENTS Schedule 1 This Schedule is issued as necessary to establish the rates and ceilings for Natural Disaster Relief and Recovery Arrangements reimbursement for eligible measures taken on natural disaster relief and recovery. Subclause 3.3.2(a) and 3.7.1 — Loans to small businesses or primary producers Amounts to be established by the Subclause 3.3.2(b) and 3.7.2 — Loans or grants to individuals and voluntary non-profit bodies A maximum loan of $100,000 and grant of $5,000 to any one applicant with the first $30,000 (or part thereof) by way of combination of loan and grant in the ratio 5:1. Subclause 3.3.2(d) and 3.7.4 — Interest rate subsidy Maximum allowable loan amount that qualifies for the interest subsidy is to be established by the states. The maximum Commonwealth contribution is calculated using an interest rate based on 50 per cent of the ten-year Treasury bond rate averaged over April – May – June for the applicable financial year. The subsidy shall be the lesser of this amount or 50 per cent of the actual (commercial) interest amount. Subclause 3.3.2(e) and 3.7.5 – Grants to needy individuals and voluntary non-profit bodies A maximum grant of $10,000 for voluntary non-profit bodies and $5,000 for needy individuals (subject to means testing). Clause 3.4 – Category C Measure (Community recovery package) Community recovery fund –Amount to be determined at time of triggering assistance. Recovery grants for small businesses –A maximum grant of $10,000, up to $25,000 under exceptional circumstances. Recovery grants for primary producers – A maximum grant of $10,000, up to $25,000 under exceptional circumstances. Clause 5.5 — Small disaster criterion The small disaster criterion for the financial year 2012-13 is $240,000. Subclause 5.12.1 — Concessional interest rate loan Calculation of the applicable interest rate is based on 50 per cent of the ten-year Treasury bond rate averaged over April – May – June for the applicable financial year. The amount of financial assistance on eligible measures under the Natural Disaster Relief and Recovery Arrangements may be subject to ceilings determined by the Minister.
2012-version-1-NDRRA-determination.DOCX