• Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    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.

    Attention

    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.

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      Last modified: 21 Sep 2016QC 22325