Flood levy information for individuals

What is the flood levy?

The government has introduced a temporary flood and cyclone reconstruction levy (flood levy), which applies to taxable income for the 2011-12 financial year only.

The flood levy is designed to help affected communities recover from the recent natural disasters by providing additional funding to rebuild essential infrastructure - for example, roads, bridges and schools.

The flood levy applied to taxable income from 1 July 2011 to 30 June 2012. The flood levy will no longer apply to income derived on or after 1 July 2012.