Details of Tropical Cyclone Nathan at 7:00 pm EST:

Intensity: category 2, sustained winds near the centre of 95 kilometres per hour with wind gusts to 130 kilometres per hour.
Location: within 65 kilometres of 13.9 degrees South, 145.9 degrees East , 100 kilometres north northeast of Lizard Island and 190 kilometres north northeast of Cooktown .
Movement: west southwest at 13 kilometres per hour .
Hazards:

GALES extend out to approximately 180 kilometres from the centre and could develop about coastal and island areas between Coen and Port Douglas overnight and should persist into Thursday. GALES could extend north to Lockhart River later on Thursday, depending on the track the cyclone takes.

VERY DESTRUCTIVE WINDS are expected to develop within 45 kilometres of the centre during Thursday morning and could begin to affect coastal and island areas between Cape Flattery and Cape Melville from late Thursday morning.

DESTRUCTIVE WINDS extend out to 70 kilometres from the centre and could develop about the coast and islands between Cooktown and Cape Melville, including Lizard Island from early Thursday.

Areas of heavy rain, which may lead to flash flooding, are expected across parts of the North Tropical Coast and Tablelands and Peninsula districts this evening and should persist into Thursday. A separate Severe Weather Warning for heavy rainfall and damaging winds is now also current for parts of these districts.

Abnormally high tides could develop about coastal areas between Coen and Cape Tribulation during Thursday with large waves possibly leading to minor flooding along the foreshore if the cyclone takes a more westward track closer to the coast. People living in areas that could be affected by this flooding should take measures to protect their property as much as possible and be prepared to help their neighbours in case this scenario occurs..

Recommended Action:

People between Coen and Port Douglas should immediately commence or continue preparations, especially securing boats and property.

- For cyclone preparedness and safety advice, visit Queensland's Disaster Management Services website (www.disaster.qld.gov.au)
- For emergency assistance call the Queensland Fire and Emergency Service (QFES) on 132 500 (for assistance with storm damage, rising flood water, fallen trees on buildings or roof damage).

People between Lockhart River and Coen should consider what action they will need to take if the cyclone threat increases.
- Information is available from your local government
- For cyclone preparedness and safety advice, visit Queensland's Disaster Management Services website (www.disaster.qld.gov.au)
- For emergency assistance call the Queensland Fire and Emergency Service (QFES) on 132 500 (for assistance with storm damage, rising flood water, fallen trees on buildings or roof damage).

direct path of the storm you really don't need to worry so much about it.

Forecast track for Severe Tropical Cyclone Pam, effective 18z Tuesday, 3/10/15. (map courtesy of RSMC Nadi)

On the current forecast track, the center of Pam would remain away from many of the islands in the area – but will get dangerously close to portions of the Vanuatu Islands and potentially New Caledonia. Regardless, the threats associated with a tropical cyclone extend well beyond the center and you should never focus on just where the center of a cyclone is expected to move. At this time, the southeast Vanuatu Islands are expected to see the most significant impacts, but there is potential for significant rainfall and strong winds for other areas as well. North Island, New Zealand is expecting some impacts by the end of the weekend, but the details are uncertain at this time.

And for the Gold Coast? While a little more trade swell is expected through the end of the week as described in our official forecast for the Quik Pro, a major cyclone swell isn’t going to happen before Friday.
- Mark Willis, Surfline's Chief Meteorologist

Considering the position and movement of Pam and people far more versed in weather than I are having difficulties predicting it's path, all I can recommend doing is keeping an eye on it and checking weather reports for the next couple days.

Not an imminent risk, but definitely one to keep an eye on.