NewsBite

NSW budget

Today

NSW Premier Chris Minns, with Treasurer Daniel Mookhey and Housing Minister Rose Jackson

NSW budget boosts build-to-rent housing and developer infrastructure

Treasurer Daniel Mookhey has suggested Tuesday’s NSW budget will boost housing. Here are two measures to start.

This Month

A native forest logging site in Wild Cattle Creek state forest in December, part of the assessment area for the Great Koala National Park.

The family ‘trauma’ behind Ken Henry’s views on native forest logging

The practice is a “dead parrot” costing the NSW budget $30 million a year. The former Treasury boss says it’s time to transition out.

The Minns government wants to lift the threshold to claim psychological injuries at work.

NSW workers compensation reforms hit a snag

The Coalition will oppose the Minns government’s plan to make it harder to claim for psychological injuries.

Shadow treasurer Damien Tudehope (centre).

Coalition mulls sinking NSW Labor’s ‘axe’ to workers compensation

Business groups press to pass Minns government reforms, but the Coalition and Greens could team up to defeat major changes to psychological injury claims.

May

NSW Treasurer Daniel Mookhey.

NSW ‘carrying federation’ on GST and will push reforms: Mookhey

Daniel Mookhey says NSW Government will “call out” federal Labor over difference, despite its “powerful mandate” after re-election

Advertisement
NSW Treasurer Daniel Mookhey says the state must prioritise growth in 2025.

NSW calls on federal Labor to help ‘build, build, build’

Daniel Mookhey says major project delays are holding NSW back and federal Labor should use its mandate to boost productivity.

The modern general practice is facing strong headwinds.

Tax rebate for bulk-billing GPs hasn’t averted payroll tax fight

The NSW government says $4 million of payroll tax has been handed back to bulk-billing GPs, but doctors’ groups have warned the incentive is failing to drive up bulk billing.

March

Uber argues it introduces drivers and riders, rather than transporting passengers.

Ruling on $81m tax affects all gig economy, Uber says

If the ride-share company’s payments to drivers are “in relation to” work, then gig economy companies could be liable for hundreds of millions in payroll tax Australia-wide

I would ask officials ‘can I look a single mum working the supermarket nightshift in Penrith to pay her rego bill and assure her every single dollar spent by the NSW government was spent effectively?’

How to get the budget back in shape item by item

Before DOGE was even a thing, I ran a similar operation for the NSW Coalition. Here are the three lessons I learnt.

February

Mortgage broker Erin Williams

Erin Williams works alone, but she’s being stung by payroll tax

The solo broker is among thousands soon to be slugged, as a tax on employment becomes a tax on some small businesses.

“Agencies view the Australian governments, by world standards, as remaining a safe harbor for investors”: NSW Treasurer Daniel Mookhey.

States reject ratings warning on debt

NSW Treasurer Daniel Mookhey is returning from a US mission to keep debt costs down, but S&P warns Australian states’ credit ratings are at risk of downgrade.

January

The transition to EVs threatens to blow a $50 billion a year hole in the federal budget bottomline.

Stalled EV tax threatens budget black hole

Officials designing a replacement tax to accommodate a rise in electric cars say the process has stalled. Dealers are also worried about new emissions rules.

Crowds pack into trains at Chatswood on Wednesday.

Wage wars: Chaos as salary demands push state budgets to the brink

This week, simmering tensions between essential workers and cash-strapped governments caused mayhem around the country. Can leaders contain the fallout?

Commuters pile into packed trains at Kogarah.

Sydney train commuters face more delays amid mounting pay disputes

State government employees across the country have been pushing for significant pay rises to compensate for several years of high inflation.

The irony is that Labor’s bigger spending during the past three years has, in part, made inflation harder to tame and helped keep interest rates higher for longer.

Unrealistic public sector pay claims risk an inflation budget hangover

The wage demands at the tail end of the inflation-cycle will add to the fiscal pressure on state government’s already deep in debt and deficit.

Advertisement

December 2024

NSW Treasurer Daniel Mookhey and NSW Finance Minister Courtney Houssos address media after delivering the state’s budget update.

Home sales, tax blunder push out NSW budget gap

Sluggish home sales, more help with energy bills and a $440 million tax miscalculation have increased the budget deficit in Australia’s most populous state.

November 2024

Victoria budget winners and losers.

Vic, NSW splurge putting Australia’s credit rating at risk: Fitch

Fitch Ratings has warned that state level deficits have risen sharply and were becoming increasingly important in its assessment of Australia’s fiscal position.

Liberal Damien Tudehope.

Mortgage brokers back NSW payroll tax inquiry

A NSW parliamentary committee will examine retrospective application of payroll tax laws widened by courts which has angered companies using contractors.

NSW Treasurer Daniel Mookhey on Tuesday.

NSW braces for Trump trade turbulence and bond market shocks

The state’s treasurer has warned an erosion in free trade could make Australians poorer, as the incoming administration weighs imposing costly tariffs.

October 2024

A NSW Treasury research paper stated that “Australia’s First Nations cultures, the world’s oldest, are a source of strength, knowledge, resilience, and opportunity”.

From small budget changes, big things grow

Minor technical tweaks by government can drive big changes. Including the economic benefits of First Nations culture into NSW budgeting is a game-changer.

Original URL: https://www.afr.com/topic/nsw-budget-jdr