Share on LinkedInShare on LinkedIn

ARTICLE · 05 MAY 2013

Is mortgage duty here to stay in NSW?

Deferral of the abolition of the duty may be deemed necessary to fund a deal to implement the Gonski education reforms.

AustraliaFinance and Banking
Focus: Abolition of so called 'nuisance' business taxes
Services: Financial Services, Property & Projects, Mergers & Acquisitions
Industry Focus: Financial Services

Many businesses have made funding decisions on the NSW Government's commitment that mortgage duty would finally be abolished on 1 July 2013, but it seems that it may be in place for at least another two years.

Deferral of the abolition of the duty may be deemed necessary to fund a deal struck last week between Federal and NSW Governments to implement the Gonski education reforms. NSW's portion of the proposed additional $5 billion in additional funding is in the order of $1.7 billion.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from