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Treasury and Revenue Legislation Amendment Act 2023

The NSW Government has announced some tax measures as part of the 2023-24 Budget.

The Treasury and Revenue Legislation Amendment Act 2023 was announced 19 September 2023, received assent on 27 September 2023, and will implement the measures which are to generally commence on 1 February 2024.

This guide provides key information relating to the budget amendments, and how they affect duties transactions.

Chapters

  1. Overview
  2. Corporate reconstructions and consolidations concession
  3. Landholder duty
  4. Fixed and nominal duty amounts
  5. Electric vehicle duty exemption and rebate ends
  6. Remission of interest clarification

5. Electric vehicle duty exemption and rebate ends

The exemption from motor vehicle registration duty and the $3000 rebate ceases to be available to zero and low emission vehicles from 1 January 2024.

The transitional provisions allow battery electric vehicles and hydrogen fuel cell electric vehicles purchased (or for which a deposit was paid) before 1 January 2024, but that had not yet been registered by that date, to continue to access the exemption and rebate.

Where can I find more information?