abstract:The flood levy is a temporary reconstruction tax that will fund the reconstruction of Queensland, Australia, following the 2010–2011 Queensland floods. The proposal passed Parliament on 22 March 2011.
All householdstaking out insurance will nowpaya 10.50 levytoflood re, a not-for-profitfund, to subsidisepremiums for 500,000 houses in flood-prone areas.