NSW motorists will save up to $750 a year on tolls with the new Toll Rebate Scheme coming into effect from today.
Treasurer Matt Kean said the new toll relief package will ease cost of living pressures by putting money back in the pockets of families and eligible small businesses especially in western, northwestern and southwestern Sydney.
“We are a Government that wants travelling on the State’s roads to be quicker and easier, as well as more affordable which is what this toll relief will provide,” Mr Kean said.
“For the first time, pensioners will be eligible for toll relief and the rebates will be paid quarterly to help ease cost of living pressures.”
Under this new scheme drivers will receive a 40 per cent rebate for tolls incurred once they spend $375 annually with the maximum benefit for each customer being $750.
Around 500,000 NSW motorists are expected to benefit from this new measure, which is more than double the number of road users receiving toll relief currently.
Minister for Metropolitan Roads Natalie Ward said this two-year scheme would support families and small businesses and help make regular use of toll roads more affordable while the Government reviews options to deliver a fair and equitable toll pricing system.
“Sydney’s state-of-the-art motorway network slashes travel times, eases congestion and creates safer and more reliable trips. We want motorists to get home to their loved ones faster, which our Motorways deliver,” Mrs Ward said.
“This Toll relief is across all toll roads, which means more money, in the pockets of more motorists, more often.”
Road users will still be able to access a rebate on their registration renewal up until 30 June 2023 for tolls incurred between 1 July 2021 and 30 June 2022.
For tolls incurred from 1 July 2022, customers will benefit from the new Toll Rebate Scheme and will receive their first rebate payment in early 2023, followed by quarterly payments thereafter.