1 February 2013

Declaring the Victorian Bushfires, the Queensland floods and tornadoes and the New South Wales floods disasters for tax deductibility purposes

The Assistant Treasurer, the Hon David Bradbury MP, has declared the following three disasters for the purposes of establishing Australian disaster relief funds:

  • The Victorian bushfires - which occurred from 18 January 2013
  • The Queensland floods and tornadoes - which occurred from 26 January 2013
  • The New South Wales floods - which occurred from 27 January 2013

These declarations ensure that new funds and qualifying existing funds established for the relief of people in communities affected by these disasters can receive tax deductible donations.

"These events have caused devastation to communities including the tragic loss of lives, and have resulted in widespread damage to property and the natural environment, and the isolation or evacuation of thousands of people."

"During this difficult time for those impacted by these events, all Australians will be able to assist local communities in Victoria, Queensland and New South Wales to recover from these disasters," said the Assistant Treasurer.

"Donations will go towards relief, recovery and reconstruction for those affected by the bushfires or floods."

Donations to Australian disaster relief funds, established to provide relief in the aftermath of the bushfires, floods and tornadoes will be tax deductible for a period of two years from the day the disaster occurred.

Funds still need to apply to the Australian Taxation Office (ATO) for formal endorsement. The Australian Charities and Not-for-profits Commission and the ATO have jointly established a fast track process for this purpose.

Further information on establishing an Australian disaster relief fund is available on the Australian Taxation Office website.