Businesses need more flood assistance
CCIQ has today called on Government to urgently provide further financial assistance to those businesses impacted by the floods across Queensland. In addition, far greater consideration must be given to widening the eligibility criteria which are at this stage highly subjective.
Thus far the Commonwealth Government through a State Government request has made available to flood impacted businesses Category B measures which provides affected business with concessional loans up to $250,000.
However research from the 2011 floods shows that the concessional loans were the least used Government assistance largely as a result of the stringent criteria to be satisfied to apply for the loan.
The most widely utilised and appreciated assistance second only to tax deferrals from Government was the Special Disaster Flood Assistance $25,000 Grant.
This must immediately be made available to business.
Furthermore flood waters do not discriminate on basis of how many workers a business employs. We would also strongly encourage the Federal Government to make available this assistance to all impacted businesses in regions such as Brisbane, Logan, South Burnett, Wide Bay and Gladstone which so far have not been recognised for assistance.
Capping assistance based on business size is discriminatory and must also be revisited.
The below graph demonstrates the assistance measures accessed by businesses following the 2011 natural disasters.
CCIQ believes it is vitally important to assist businesses as they are the employers of many flood victims.
In doing so we are assisting business to be able to offer secure ongoing employment and resultantly a livelihood to natural disaster victims.