The government has introduced a temporary flood and cyclone reconstruction levy (flood levy). This levy is for the 2011-12 tax year only, and applies to people who earn over $50,000.
If you are an employer, you need to withhold this levy from employees who earn over $50,000. You can calculate the amount to withhold by looking at the Withholding tax tables on our website.
Some people may not have to pay the flood levy even if they earned over $50,000, for example, if they were affected by a natural disaster. These people should complete a Flood levy exemption declaration (NAT 73797) available on our website and provide it to their employer.
There are separate tables you can use for people who have to pay the flood levy, and for those who have completed the exemption declaration.
If you need paper copies of the tax tables or the Flood levy exemption declaration (NAT 73797), you can get them from 1 July 2011:
- from most newsagents
- from our shopfronts
- by phoning our self-help publication hotline on 1300 720 092.
To find out more, contact the national Indigenous helpline on 13 10 30.
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Last Modified: Wednesday, 20 July 2011