Betterment Fund - $100 million

About

The Queensland Government has established a $100 million Betterment Fund available to the 45 eligible local government areas in Queensland impacted by the Northern and Central Queensland Monsoon and Flooding of 2022-23. It is jointly funded by the Australian and Queensland Governments.

Event damaged assets in local government areas activated under the Disaster Recovery Funding Arrangements (DRFA) for Category B assistance Reconstruction of Essential Public Assets (REPA) may be eligible under this fund.

The objectives of the 2022-23 Betterment Fund are to restore essential public assets damaged in events to a more resilient standard:

• so infrastructure and communities are more resilient to future disasters
• so future costs associated with disasters are reduced
• to address Queensland’s assessed natural hazard risks
• in alignment with the National Strategy for Disaster Resilience and the Queensland Strategy for Disaster Resilience objectives of strengthened disaster risk management and investment in disaster risk reduction

Upfront investment in stronger infrastructure and more resilient communities saves money for all levels of government in the long-term, and the undertaking of essential public asset restoration provides an opportune time for additional investment to achieve resilient outcomes.

Betterment applications will be prioritised based on a cost benefit analysis and the demonstration of resilience outcomes. This will include the additional cost of increasing resilience and the qualitive and quantitative benefits of the improvements.

Eligible councils

The 45 Queensland local government areas activated under the DRFA for Category B REPA, and the Queensland Government Department of Transport and Main Roads.

Guidelines