Nature of assistance
10 Nature of assistance
The nature of the assistance available under the scheme is a loan, at a concessional rate of interest, to be used to pay for the eligible cost of an eligible recovery activity.
A loan under the scheme is not available to pay for—
lost income; or
the cost of direct damage caused by the eligible disaster for which the applicant receives, or is entitled to receive, an amount under an insurance policy; or
a cost, including a legal cost, associated with—
an application under the scheme; or
an application under a disaster recovery funding arrangement; or
a cost incurred before the eligible disaster occurred; or
a cost to reinstate an asset to a higher standard than the asset was before the eligible disaster, unless the cost is to improve the asset’s resilience to a natural disaster.
In this section—
eligible cost, of an eligible recovery activity, includes the cost of the following—
contractors or hire equipment associated with the eligible recovery activity;
materials, goods, feed or livestock;
consumables, including fuel, associated with the eligible recovery activity.
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