This photo from the website of Australian Prime Minister Julia Gillard shows cleanup of extensive flood debris.

Australian Flood Relief Relies on One-Year Tax, Cutbacks

Prime Minister Julia Gillard's $5.6 billion plan announced Jan. 27 is a hot political issue. She calls it a necessary response "to the immense national challenge of rebuilding flood-affected regions across Australia."

A one-year progressive tax on everyone earning more than $50,000 annually who was not directly affected by recent flooding is part of Australian Prime Minister Julia Gillard's plan to spend $5.6 billion rebuilding flood-damaged regions. Her Jan. 27 announcement of the tax was denounced by her chief political opponent; Gillard said the tax will generate $1.8 billion, $2.8 billion will come from government spending cuts, and $1 billion will come from delaying infrastructure projects to free up money and skilled labor.

"The recent floods across Australia pose a unique challenge," Gillard said. "This is likely to be the biggest natural disaster in Australia's history in economic terms -- an extraordinary event requiring an extraordinary response."

The tax will work this way:

  • Those earning $50,000 to $100,000 will pay 0.5 percent of taxable income above $50,000.
  • Those earning more than $100,000 will pay 0.5 percent of taxable income in excess of $50,000 and 1 percent of taxable income in excess of $100,000.

"Every cent raised through these measures will go directly to flood-affected regions across Australia," Gillard said. She said her government realizes many Australians have donated to help flood victims. "That is a great contribution," she said, "but entirely separate from the job of rebuilding essential infrastructure in flood-affected regions, which is what today's announcement, including the progressive, levy, is focused on."

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Get the Ultimate Guide to OSHA Recordkeeping

    When it comes to OSHA recordkeeping there are always questions regarding the requirements and in and outs. IndustrySafe is here to help. We put together this page with critical information to help answer your key questions about OSHA recordkeeping.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We put together a guide that’s easy to digest so you can ensure you're complying with OSHA's training standards.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus