Over AU$13 million available in new risk reduction fund

Those eligible have until July 22 to apply

Over AU$13 million available in new risk reduction fund

Insurance News

By Terry Gangcuangco

The new Queensland Resilience and Risk Reduction Fund (QRRRF), which builds on the former Queensland Disaster Resilience Fund, will be handing out $13.1 million to beneficiaries who have until July 22 to submit their applications.

Of the total amount, $4.8 million will come from the Commonwealth government while the Queensland government is shelling out the remaining $8.3 million. The funding is aimed at supporting delivery of evidence-based and cost-effective disaster resilience and mitigation projects.

The initiatives seeking financial assistance should also align with the objectives of the Queensland Strategy for Disaster Resilience and address state-risk priorities. Those eligible to apply include Queensland government departments and agencies as well as incorporated non-government organisations.

“While we are currently living in uncertain times, it is paramount we continue to strive towards a more resilient future,” the National Insurance Brokers Association quoted Minister for Emergency Management David Littleproud as saying when the trade body shared the news.

“We’ll never be able eradicate disasters, but by working together we can ensure we are better prepared for when they strike.”

Queensland Treasurer and Minister for Infrastructure and Planning Cameron Dick, meanwhile, encouraged stakeholders to take advantage of QRRRF and, at the same time, “think outside the box” in terms of disaster resilience and risk reduction.

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