$1.8 Billion DRFA Funding Announced


1st August 2023

Minister for Regional Development, Local Government and Territories Kristy McBain has announced advance payments of nearly $1.8 billion in natural disaster payments to the states to allow local flood, fire and cyclone repairs to be fast-tracked.

Since January 2022 jointly funded Disaster Recovery Funding Arrangements (DRFA) have been activated for 65 disasters in 332 unique Local Government Areas.

The funding program was offered to all disaster-impacted states with reconstruction costs passing the threshold for Commonwealth contribution, with most accepting the offer.

Under the DRFA, payments are generally made after a state has submitted an audited claim for financial assistance, following reconstruction works. However, in recognition of the last two years of compounding, concurrent natural disasters, with recovery hampered by COVID, the Commonwealth Government is making funds available up front.

The payments represent 40 per cent of the estimated amount the Commonwealth would contribute under the DRFA for 2021-22 and 2022-23.

Breakdown of advance payments by state:

NSW $887,723,570

Queensland $758,401,610

South Australia $42,912,456

Tasmania $4,880,367

Western Australia $93,902,428

Total $1,787,820,431

For more information see: https://minister.infrastructure.gov.au/mcbain

 

<< Previous