Flood levy information for individuals

Who has to pay the flood levy?

Individual taxpayers, whose taxable income was more than $50,000 in the 2011-12 financial year, have to pay the flood levy. This includes foreign residents who have Australian income.

Low income earners will not pay the flood levy
If you have a taxable income of $50,000 or less in the 2011-12 financial year, you will not be charged the flood levy.

Certain people affected by natural disasters will not pay the flood levy
Some people affected by natural disasters will be exempt from paying the flood levy, regardless of their taxable income.

To work out if you are exempt, see Who is exempt from the flood levy?