From 3-4 October, heavy rainfall fell over a 24 hour period causing severe flooding in the north-eastern region of Victoria. Rainfall recorded during this period was 200 mm, with 165 mm recorded in Benalla.

Districts affected by the flood included; Benalla, Euroa, Violet Town, Myrtleford. The flood water took some days to reach Shepparton and Nathalia due to the topography and the slow movement of the water. The flood waters covered 40 000 square km, and remained for days or weeks.

The impact of the flood was extensive and included; 8 000 people affected; 1,500 people evacuated from their homes; 3 000 households damaged; 95 per cent of commercial businesses in the Benalla district affected; five bridges damaged or destroyed; several roads cut; 400 km rural fencing damaged; Telephone services, power, sewage and water infrastructure affected; and crops and livestock losses.

The estimated cost to replace local buildings, roads, and recreation reserves was estimated in 1993 values to be between $3 million and $5 million, businesses losses estimated at $10 million and agricultural losses approximately $30 million. Many premises were uninsured. The recovery period for the district took 18 months.

The Insurance Council of Australia estimated the 1993 damage at $12 million, with the 2011 estimated normalised cost of $44 million.