diff --git a/README.md b/README.md
index 3830420c2..da031f8ed 100644
--- a/README.md
+++ b/README.md
@@ -167,7 +167,7 @@ module.exports = {
 }
 ```
 
-For a full breakdown of the power of query syntax have a read of [this](https://github.com/webpack/loader-utils#parsequery).
+For a full breakdown of the power of query syntax have a read of [this](https://github.com/webpack/loader-utils#getoptions).
 
 #### Available Options
 
diff --git a/package.json b/package.json
index 02fb45a6c..829f0c6ac 100644
--- a/package.json
+++ b/package.json
@@ -33,7 +33,7 @@
   "dependencies": {
     "colors": "^1.0.3",
     "enhanced-resolve": "^3.0.0",
-    "loader-utils": "^0.2.6",
+    "loader-utils": "^1.0.2",
     "semver": "^5.0.1"
   },
   "devDependencies": {
diff --git a/src/index.ts b/src/index.ts
index 84861ca6c..82779461a 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -19,7 +19,6 @@ function loader(this: interfaces.Webpack, contents: string) {
     this.cacheable && this.cacheable();
     const callback = this.async();
     const options = getLoaderOptions(this);
-
     const { instance, error } = instances.getTypeScriptInstance(options, this);
 
     if (error) {
@@ -63,7 +62,7 @@ function getLoaderOptions(loader: interfaces.Webpack) {
         webpackIndex = webpackInstances.push(loader._compiler) - 1;
     }
 
-    const queryOptions = loaderUtils.parseQuery<interfaces.LoaderOptions>(loader.query);
+    const queryOptions = loaderUtils.getOptions<interfaces.LoaderOptions>(loader) || {} as interfaces.LoaderOptions;
     const configFileOptions: PartialLoaderOptions = loader.options.ts || {};
 
     const instanceName = webpackIndex + '_' + (queryOptions.instance || configFileOptions.instance || 'default');
diff --git a/src/typings/loaderUtils/loaderUtils.d.ts b/src/typings/loaderUtils/loaderUtils.d.ts
index 599794b99..f5605a290 100644
--- a/src/typings/loaderUtils/loaderUtils.d.ts
+++ b/src/typings/loaderUtils/loaderUtils.d.ts
@@ -1,5 +1,5 @@
 declare module 'loader-utils' {
-    export function parseQuery<T>(query: string): T;
+    export function getOptions<T>(loaderContext: { query: string; }): T;
 		export function getRemainingRequest(loaderContext: any): any;
 		export function getCurrentRequest(loaderContext: any): any;
 }
\ No newline at end of file