sch.46-sec.10Nature of assistance

### sch.46-sec.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. sch 46 s 10 ins 2022 SL No. 138 s 8 (sch.46-sec.10-ssec.1) 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. (sch.46-sec.10-ssec.2) 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. (sch.46-sec.10-ssec.3) 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. - (a) lost income; or - (b) 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 - (c) a cost, including a legal cost, associated with— (i) an application under the scheme; or (ii) an application under a disaster recovery funding arrangement; or - (i) an application under the scheme; or - (ii) an application under a disaster recovery funding arrangement; or - (d) a cost incurred before the eligible disaster occurred; or - (e) 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. - (i) an application under the scheme; or - (ii) an application under a disaster recovery funding arrangement; or - (a) contractors or hire equipment associated with the eligible recovery activity; - (b) materials, goods, feed or livestock; - (c) consumables, including fuel, associated with the eligible recovery activity.