If your primary production business has suffered direct damage from the 2019 Monsoonal Trough, a
'Special Disaster Assistance Recovery Grant' is available up to a maximum of $75,000. The grant is to assist your enterprise to pay for clean-up costs and reinstatement activities.
Additional disaster assistance has just been announced if you're a Small Business and have suffered direct damage caused by the North Queensland Monsoonal Trough.
The Queensland Government has recently introduced loans for Category B Disaster Assistance for those small businesses who were affected by the NQ floods.
Read MoreGrants available for the NQ Community affected by the devastating 2019 floods.
Read MoreFrom 1 July 2017, travel expenses relating to residential investment property are not deductible.
Read MoreLegislation that passed in Parliament last month will enable primary producers to claim an immediate deduction for fodder storage assets such as silos and hay sheds used to store grain and other animal feed.
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