Qld will suffer under flood levy

THE Federal Government’s decision to bow to pressure from Independent Senator Nick Xenophon to ensure he supported the flood levy would cost Queensland taxpayers dearly, the State Government has said.

The agreement would force the states and territories to take out insurance, create their own disaster funds or take equivalent measures.

With the support of all the other crossbench senators, the levy would become a reality from July, affecting most Australians earning more than $50,000.

Acting Premier Paul Lucas said he was glad the levy would pass but criticised the Federal Government and Senator Xenophon, saying they had delivered a “massive kick in the guts” to Queensland taxpayers.

“But under this proposal, they’re going to have to have insurance,” he said.

“It will send them (taxpayers) broke.”

The State Government was seeking a quote to insure assets, including roads, against future natural disasters.

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