Flood Levy 2011-12

Flood Levy (2011-12 only):

A temporary flood levy will apply to both resident and non-resident individuals for the 2011-2012 income year only.

Taxable Income
Flood Levy Rate
0.5% for each $ 1 over $50,000
100000 and over
$250 + 1.0% for each $1 over $100,000

Note: Exemptions apply to certain individuals in receipt of an Australian Government Disaster Recovery Payment for a flood event or individuals who were affected by an event that occurred during 2010-11 and that was declared as a natural disaster under the Natural Disaster Relief and Recovery Arrangements.

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