Disaster recovery assistance has been made available to those in the Moree Plains and Gwydir local government areas impacted by severe storms and floods from March 10 onwards.
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A major flood warning and evacuation order remains in place for Moree, as flooding continues along the Gwydir and Mehi Rivers.
The Mehi River at Moree peaked at 10.43 metres around 6.45am Thursday and was at 10.38 metres and falling at midday.
Federal Member for Parkes said disaster recovery assistance has been provided through the jointly funded Commonwealth-State Disaster Recovery Funding Arrangements (DRFA).
"Very heavy rainfall in the Gwydir Valley has caused major flooding along the Mehi River at Moree, while major flooding is also occurring along the Gwydir River at Gravesend, Pallamallawa and Yarraman," Mr Coulton said.
"This is the biggest flood Moree has experienced since the February 2012 event, and it has already caused significant damage to roads, businesses and residential properties.
"While the worst is still to come, residents in affected areas can rest assured that they will be able to receive help once the huge clean-up effort begins."
Mr Coulton said the federal government is committed to ensuring the region's recovery is effective.
"Assistance is available to cover the costs associated with the operational response and support households, small businesses, primary producers, not-for-profit organisations and councils as they begin their recovery and look to repair the significant damage caused to homes, businesses and local infrastructure," Mr Coulton said.
"We're prepared to do what it takes to further assist the NSW Government to support councils in their response to the devastating storms and major floods impacting individuals and communities across the region."
Major flooding is also occurring along the Gwydir River at Yarraman. Moderate flooding is occurring at Pallamallawa and minor flooding at Gravesend.
The Gwydir River at Gravesend Road Bridge peaked at 15.14 metres around 05:15am Wednesday with major flooding. The river level is currently at 7.90 metres and falling with minor flooding.
The Gwydir River at Pallamallawa peaked at 10.48 metres around 11am Wednesday with major flooding, and is currently at 9.90 metres and slowly falling with moderate flooding.
The Gwydir River at Pallamallawa may fall below the moderate flood level (9.50 metres) overnight Thursday into Friday.
The Gwydir River at Yarraman Bridge is currently at 7.34 metres and steady with major flooding. The Gwydir River at Yarraman Bridge may fell below the major flood level (7 metres) during Friday.
