Financial support for NSW businesses affected by storms and floods

Posted 15 Mar

To help flood affected businesses, the government has put together the below financial support packages to help the recovery from the impacts of this recent natural disaster.

Financial support

Small business and not-for-profit organisations

Disaster recovery grant – up to $50,000 to help pay for the cost of clean-up and resuming operations.

Disaster recovery allowance – a short-term income support payment to assist if you’ve lost income as a direct result of the floods, provided by the Australian Government.

Stamp duty relief – for replacing insured commercial motor vehicles written off due to floods and storms.

Disaster relief loans – concessional interest rate loans up to $130,000 for small businesses and up to $25,000 for not-for-profit organisations.

Primary producers

Special disaster grant – up to $75,000 to help pay for the cost of clean-up and resuming operations.

Disaster recovery allowance – a short-term income support payment to assist if you’ve lost income as a direct result of the floods, provided by the Australian Government.

Stamp duty relief – for replacing insured commercial motor vehicles written off due to floods and storms.

Natural disaster transport subsidy – up to $15,000 to cover costs of transporting fodder/water to an affected property, stock to sale or slaughter and stock to/from agistment.

Disaster relief loans – concessional interest rate loans up to $130,000 for business continuity and to replace or repair damage not covered by insurance.

If you need assistance with applying for any grants or loans please do not hesitate to contact your accountant at PinnacleHPC Accountants or email info@pinnaclehpc.com.au.