Non-Profit News Service No. 0367 - Support for the victims of the New South Wales and Victorian floods

The Assistant Treasurer has declared the recent New South Wales and Victorian floods a disaster for the purposes of establishing Australian disaster relief funds.

Extracts from the Assistant Treasurer's media release No. 003, dated 9 March 2012, are included below.

The Assistant Treasurer, David Bradbury, today declared the March 2012 New South Wales and Victorian floods a disaster for the purposes of establishing Australian disaster relief funds.

While funds still need to apply for formal endorsement, the Tax Office has established a fast track process to get applications approved as quickly as possible.

"These events have caused devastation to communities in both States and have resulted in widespread damage to property and the natural environment."

Donations to Australian disaster relief funds, established to provide relief in the aftermath of the fires and floods, will be tax deductible for a period of two years from the date of this declaration.

For more information about: collecting and making donations for the emergency relief of victims of the floods, refer to Assisting victims of disasters Australian disaster relief funds and applying for endorsement as a deductible gift recipient, refer to Australian disaster relief funds and tax deductible gifts. For information about the Non-Profit News Service, including how to subscribe and links to previous articles, refer to About the Non-Profit News Service. We encourage your feedback and suggestions for future topics to be covered by the news service. You can do this by: emailing us at npc-publications@ato.gov.au phoning us on 1300 130 248.