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Disaster Ready Fund - Round Two

Disaster Ready Fund - Round Two 2024-25

The Australian Government has established the Disaster Ready Fund (DRF). The DRF is providing up to one billion dollars over the next five years, from 1 July 2023, to improve Australia’s resilience and reduce risk to natural disasters.

Round Two of the DRF will build on the experience and outcomes from Round One.

Funding for Round Two will become available in 2024-25.

NEMA has commenced consultation on the design of Round Two. If you would like to contribute, please participate in the DRF Survey.

NEMA expects to release DRF Round Two Guidelines by the end of December 2023.

If you would like to subscribe to updates on Round Two, please email


How will Round Two differ to Round One?

Round Two will build on the experiences and outcomes from Round One, as well as ongoing stakeholder feedback.

We expect to release program guidelines by the end of December 2023.

Applications will need to be submitted through lead agencies and proponents will need to provide a 50 per cent co-contribution (cash or in-kind). More information will be provided on applying for a waiver of the co-contribution requirement through the Round Two program guidelines. 

NEMA is also working with the lead agencies to clarify the arrangements for multijurisdictional or national projects.

In the meantime, we encourage you to discuss any proposals with your lead agency.

When will you release more information on Round Two?

We expect to release program guidelines by the end of December 2023.

More information, as it becomes available, will be released on this webpage.