Bundaberg secures Category D flood assistance
PRIMARY producers in the Bundaberg region who have suffered extreme flood damage will be able to access a loan and grant package of up to $650,000 under the Exceptional Disaster Assistance Scheme.
The Category D assistance will be available to those primary producers that suffered damage to the extent that previously announced assistance measures will not be enough to restore their business.
Member for Burnett Stephen Bennett said the loan included a grant of up to $50,000, and the first two years of a loan would be interest and repayment free.
"From the third year of the loan, the new record low 1.7% interest rate for disaster loans will initially apply," Mr Bennett said.
"I know from my damage inspections over the past three weeks that many primary producers particularly around the Wide Bay and Burnett desperately need this kind of support.
"It's now three weeks since ex-Tropical Cyclone Oswald struck Queensland and in that time the state government has not stopped working to secure as much support from the Federal Government as possible to kick start our recovery.
Mr Bennett said this latest package of support measures would help those who have been hardest hit and badly needed assistance in getting their operations up and running again.
"Primary producers in the Bundaberg, Fraser Coast, Gladstone, North and South Burnett regional council areas can apply for the Exceptional Disaster Assistance Scheme," he said.