Podcasts Other The Mike Hosking Breakfast Michael Wood: Associate Finance Minister says $1 billion for cyclone-affected properties is evidence based, could change

Michael Wood: Associate Finance Minister says $1 billion for cyclone-affected properties is evidence based, could change

Published: June 1, 2023, 8:50 p.m.

The categorisation of cyclone affected properties could continue to shift, as the finer details are ironed out.

The Government will help fund council buy-outs for about 700 category three homes where future severe weather risks can't be mitigated sufficiently.\xa0

Associate Finance Minister Michael Wood told Mike Hosking the plan's $1 billion total is an evidence based indication, and could change.

He says some properties could shift between categories.

Wood says people will have an opportunity to respond to initial categorisations.

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