Ex-tropical cyclone Kimi has weakened into a tropical low off the north Queensland coast, but authorities are warning there is increased potential for flooding and a new cyclone to form as early as next week. Premier Annastacia Palaszczuk said it was “good news” the system had been downgraded but warned that a flood watch would continue over the next week. “The flood watch will continue in North Queensland over next week and especially over the weekend, and there could be a chance of cyclones forming against next week,” she told reporters on Tuesday. A flood watch is still in force in parts of the state. “So we’re still making sure we’re just monitoring that rain of the next 24 to 48 hours,” Palaszczuk said. Ex-tropical cyclone Kimi is expected to remain slow-moving well off the coast through much of Tuesday before tracking back toward the north-northwest late in the afternoon …