Revenue changes for 2022–23

Pending Royal Assent, various revenue measures are being introduced, following the 2022–23 State Budget and other legislative changes. This page will be updated as more details become available.

Betting tax

Effective 1 December 2022

  • A 5% racing levy will apply to betting tax.
  • Free bets and bonus bets will be included when calculating betting tax.

Duties

Effective 1 January 2023

Holders of retirement visas (subclasses 405 and 410) will be exempt from additional foreign acquirer duty (AFAD) on their principal place of residence purchased on or after 1 January 2023.

Land tax

Effective 30 June 2022

Trustees of special disability trusts will be treated as individuals for land tax purposes, with a higher tax-free threshold and lower land tax rates. This is effective 30 June 2022.

Payroll tax

Remains effective to 30 June 2023

The apprentice and trainee rebate will be extended to include the 2022–23 financial year. The rebate remains effective to 30 June 2023.

Effective 1 January 2023

Royalty

Effective 1 July 2022

New tiered mineral royalty rates will apply for coal sold, disposed of or used in a return period from 1 July 2022.

The new rates apply where the average price is:

  • more than $175 per tonne—20%
  • more than $225 per tonne—30%
  • more than $300 per tonne—40%.
Last updated: 30 June 2022