Disaster Ready Fund

Purpose

The Disaster Ready Fund (DRF) is the Australian Government’s flagship disaster risk reduction initiative which will fund a diverse set of projects in partnership with states and territories to deliver medium-term and long-term national outcomes, investing up to $1 billion over the next five years from 1 July 2023.

Objectives 

1. Increase the understanding of natural hazard disaster impacts, as a first step towards reducing disaster impacts in the future.
2. Increase the resilience, adaptive capacity and/or preparedness of governments, community service organisations and affected communities to minimise the potential impact of natural hazards and avert disasters. 
3. Reduce the exposure to risk, harm and/or severity of a natural hazard’s impacts, including reducing the recovery burden for governments and vulnerable and/or affected communities.

Administration

In Queensland, the Disaster Ready Fund is administered by the Queensland Reconstruction Authority (QRA).