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Small Business

Interest Rate Subsidy

Small businesses may be eligible to rec​eive an interest rate subsidy on new loans.

The new loan must be taken out by the small business for the purpose of repairing damaged assets or business carry on costs incurred as a direct result of an eligible natural disaster event.

The loan must be provided by an Authorised Deposit taking Institution (ADI).   

WANDRRA provides an interest rate subsidy, currently set at 4 per cent with the subsidy payments:

  • capped at a maximum of $6,000 (being 4% of a loan maximum of $150,000) ​
  • a maximum period of ten years, of which the first two years may be free of capital repayments at the discretion of the ADI.

​In cases where no capital repayments or minimal capital repayments are made from the third year onwards a '​notional' deduction of 1/10th of the original loan principal will be deducted for each year for which the subsidy is available.

WANDRRA will fund the interest rate subsidy, annually in advance, based upon the satisfactory submission of a claim form after the anniversary date of the loan commencement. The claim form must be supported by documented evidence of the loan balance at this time. Documented evidence can be a copy of the relevant loan account statement showing the actual loan balance, on or shortly after the anniversary date. Small business proprietors in receipt of the subsidy must notify the WANDRRA State Administrator of any changes to the loan arrangement immediately.

General Conditions

To be eligible, a small business proprietor(s) must:

  • be a registered small business with an Australian Business Number.
  • employ less than 20 full-time equivalent staff.
  • demonstrate to the satisfaction of State Administrator that the small business operates locally. Public companies are not eligible.
  • be actively engaged in the operation of the small business and derive the main source of income from that small business.
  • demonstrate to the satisfaction of the ADI that the fun​ds required are not available from his/her/their own resources.
  • demonstrate to the satisfaction of the State Administrator that the items for which the loan is required occurred as a direct result of a natural disaster.

​If you consider that your small business may be eligible to apply for an Interest Rate Subsidy (IRS), complete the Expression of Interest Form (EOI) - NDRRA006​ and submit to the State Administrator at the address shown at the top of the form for consideration.

Small business proprietors will receive correspondence confirming eligibility to access this relief measure and further instructions on loan application procedures.

Agency responsible:

Department of Fire and Emergency Services (DFES)​


WANDRRA Administrator by email to WANDRRA@dfes.wa.gov.au or by phone on (08) 9395 9973 or (08) 9395 9341.​