Australian PM introduces disaster tax to Parliament

The legislation aims to raise $1.8 bn to help pay for storm and flood damage.

Canberra: Australia`s Prime Minister has introduced tax legislation to Parliament that would raise USD 1.8 billion to help pay for record storm and flood damage across the country`s east.

In presenting the legislation on Thursday, Prime Minister Julia Gillard said the government`s bill for weeks of flooding in northeast Queensland state was at least USD 5.6 billion.

The legislation will be scrutinised by a parliamentary committee before lawmakers vote on it in a few weeks.
Opposition lawmakers oppose the tax and argue that the government should instead cut foreign aid to Indonesia.

Bureau Report