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Disaster Ready Fund

Disaster Ready Fund

The Australian Government will establish the Disaster Ready Fund (DRF) from 1 July 2023. The DRF will provide up to one billion dollars over the next five years, from 2023/24 to improve Australia’s recovery and response capability.

 

Purpose 

Thousands of Australians face bushfires, floods and cyclones every year. The DRF will curb the devastating impacts of natural hazards by investing in important disaster prevention projects. Projects will include direct investment in grey and green-blue infrastructure, for example flood levees, floodways, seawalls, firebreaks, constructed wetlands and reefs. Projects that target systemic risk reduction to improve the quality and impact of the response to future disasters will also be eligible.

The DRF will replace the Emergency Response Fund (ERF), which will terminate on 30 June 2023. The Emergency Response Fund Amendment (Disaster Ready Fund) Bill 2022, which gives effect to the DRF, passed both Houses of Parliament on 23 November 2022.

The ERF committed $50 million per year for resilience building measures, while the DRF will commit up to $200 million for resilience building. This supports shifting the Fund’s focus from recovery and repair to disaster prevention. The DRF will complement rather than duplicate the funding available under the Disaster Recovery Funding Arrangements.

The DRF will deliver against the recommendations of a Productivity Commission Inquiry into National Disaster Funding in 2015 for up to $200 million per year on disaster resilience, with funding matched by states and territories. It is also supported by Deloitte’s 2022 report Adapting Australia for Climate Resilient Growth and the Insurance Council of Australia’s 2022 report Building a more resilient Australia, which have both called for increased investment in resilience and climate adaptation funding.

The National Emergency Management Agency (NEMA) will collaborate closely with state and territory governments to deliver a set of locally-driven, but nationally significant, projects with states and territories expected to contribute 50 per cent towards the cost of projects.

Consultation with states, territories, local government and other key stakeholders will take place until the end of December 2022. More information will be published periodically on the NEMA website.

For more information, please email disaster.ready@nema.gov.au.

 

Funding Round 1: 2023-24

We are currently consulting with states, territories, local government and other key stakeholders to inform the design of the Disaster Ready Fund (DRF) Program Guidelines for Round 1, 2023. 

We will take an iterative and consultative approach to delivering high value projects under DRF, including partnering with states and territories to continually improve the DRF Guidelines for future funding rounds where appropriate.

 

Key dates

Applications for Round 1 of the Disaster Ready Fund are expected to open in early 2023. 

 

Have your say

We want to hear your thoughts to inform the Disaster Ready Fund (DRF) 2023 program guidelines.

Have your say here.

This survey will be open from Monday 7 November 2022 until Tuesday 20 December 2022.

For more information, please email disaster.ready@nema.gov.au.

 

Frequently asked questions

The Disaster Ready Fund (DRF) will commit up to $1 billion, over the course of five years, to build resilience to, prepare for or reduce the risk of natural hazard impacts, and build long-term sustainability of communities that are at risk of being affected by these hazards.

The intention of the DRF is to create a sustainable and enduring source of funding for communities to complement existing sources of funding for emergency response and disaster recovery, in addition to climate adaptation and resilience funding.

Why has this fund been established?

With increased severity and frequency of disasters across Australia, it’s critical to ensure that communities are as prepared as possible.

The annual cost of disasters caused by natural hazards to the Australian economy is currently estimated at $38 billion and predicted to increase to at least $73 billion by 2060. By investing in resilience, the Government aims to bring this severe economic impact down.

The Australian Government is committed to investing in resilience initiatives to reduce the risk of disaster impacts and ensure that communities are in the best possible position for recovery when disaster does occur.

The safety and wellbeing of Australians is the Government’s highest priority.

What will it look like?

The DRF will provide up to $200 million annually to build disaster resilience and mitigation projects across Australia.

The DRF will curb the devastating impacts of natural hazards, such as bushfires, floods and cyclones, by investing in important disaster prevention projects.

Projects will include direct investment in grey and green-blue infrastructure, for example levees, floodways, seawalls, firebreaks, constructed wetlands and reefs.

Projects that target systemic risk reduction to improve the quality and impact of the response to future disasters will also be eligible.

The DRF will deliver against the recommendations of a Productivity Commission Inquiry into National Disaster Funding in 2015 for up to $200 million per year on disaster resilience, with funding matched by states and territories.

The National Emergency Management Agency (NEMA) will collaborate closely with state and territory governments to deliver a set of nationally significant projects, with states and territories expected to contribute 50 per cent towards the cost of projects.

What is the timeframe?

The Australian Government will establish the Disaster Ready Fund (DRF) from 1 July 2023, following the passing of the Bill in Parliament in November 2022.

Consultation with states, territories, local government and other key stakeholders will take place until the end of December 2022.

How does DRF relate to the Emergency Response Fund?

The DRF will replace the Emergency Response Fund (ERF), which will terminate on 30 June 2023, following the passing of the Emergency Response Fund Amendment (Disaster Ready Fund) Bill 2022 in November 2022.

The ERF committed $50 million per year for resilience building measures, while the DRF will commit up to $200 million per year for resilience building. This supports shifting the Fund’s focus from recovery and repair to disaster prevention.

The DRF will complement rather than duplicate the funding available under Disaster Recovery Funding Arrangements.