This updated 2024 Guide addresses both:
the need for companies to be prepared for natural disasters, and
what current relief is available for small businesses in the wake of the regional Victoria and South East Queensland floods.
There is no doubt that Australia – along with other nations – has grappled with severe weather events over the past few years, arguably as a result of the increasing effects of climate change. In late 2023 and early 2024 we have yet again witnessed extreme weather events in both regional Victoria and South East Queensland with severe flooding and the fallout from tropical cyclone Jasper (13 – 28 December 2023) and the continued impact of cyclone Kirrily (January 2024). Western Australia also experienced extreme flooding in early 2023, following ex-tropical cyclone Ellie.
In the immediate aftermath of an event, businesses will naturally be focused on clean-up, survival and crisis management, including supply-chain issues and business viability. However, in the longer-term the focus will then switch to ensuring financial security and assessing business impacts, including damage to markets and client base. It is vital that all companies have a Disaster Recovery Plan in place. This ensures that a company can quickly mobilise under pressure, stabilise and return to operations and ultimate recovery.