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Mortgage brokers back NSW payroll tax inquiry

James Eyers

The NSW upper house has launched an inquiry into the application of the state’s payroll tax laws, after mortgage brokers raised concerns about a court ruling in the state that found a company providing services to brokers owed payroll tax on commissions paid by banks.

Companies using contractors in various sectors – from cleaning, to logistics and agriculture – are also worried about a broader application of NSW’s payroll tax act, as the state leans more heavily on the revenue source.

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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/mortgage-brokers-back-nsw-payroll-tax-inquiry-20241126-p5ktmf