Flood levy information for individuals

What type of income does the levy apply to?

The flood levy only applies to taxable income derived from 1 July 2011 to 30 June 2012. This means the levy will be applied to the income you include in your individual income tax return, such as salary and wages, investment income and business income.

The flood levy does not apply to exempt income

The levy will not apply to income which is exempt from income tax. For example, some super benefits paid to a person more than 60 years old.

The flood levy can apply to lump sum payments you may receive and some super benefits.

For more information and examples on how the flood levy is applied to lump sum and super payments, refer to Flood levy - employment termination payments and super payments.