The Queensland support package will target the worst hit areas of the state and will include specialised assistance to aid clean-up efforts, community recovery initiatives, impacted businesses, primary producers and day labour costs.
The government confirms it will meet the majority of costs for the assistance.
Under the package, $5 million will be allocated for stand-alone community recovery packages for Bundaberg and North Burnett, enabling the areas to roll out mental health services, community events and facilities designed to help communities heal together.
Targeted clean-up programs for primary producers in Bundaberg, North Burnett and the Lockyer Valley worth $10 million will support up to 160 casual labourers to remove debris, assist in the hire of machinery from local contractors and fund local organisations such as Blazeaid and the Queensland Rural Fire Service.
The Queensland government has been asked to provide a matched contribution to the fund in order to deliver $80 million to local government areas hardest hit.
In addition to the Queensland support package, the Commonwealth will also contribute $40 million toward the establishment of a betterment fund, designed to rebuild council-owned roads and assets, making them more flood proof.
Investment in a betterment fund will allow approvals and work to be streamlined and fast-tracked, enabling local council infrastructure to be rebuilt well above current engineering standards.
Under the fund, projects to improve drainage, strengthen road sealings and stabilise slopes and shoulders will be implemented to improve the resilience of council-owned roads, enabling them to withstand flood events in the future.
The fund will be administered through a value-for-money process by the Queensland Reconstruction Authority, with small projects of up to $2.5 million able to be automatically funded.