Yahoo Finance $750 relief for these Aussie drivers
NSW drivers will soon be able to get up to $750 cash back under a new toll-relief scheme.
More than half a million motorists will be eligible for the rebate, administered through Service NSW, which includes all NSW toll roads.
Drivers who spend at least $375 on tolls this financial year will be eligible to claim a 40 per cent rebate up to $750.
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The scheme will be available from mid-January 2023 and payments will be backdated to July 1, 2022.
Rebates will be paid every quarter, with Service NSW assessing refunds based on the combined spend across all NSW toll roads.
To be eligible, drivers need to be a NSW resident with a NSW privately registered vehicle and a personal toll account linked to their licence plates.
If you opt-in to the M5 South-West Cashback Scheme, the M5 motorway tolls will be excluded from the scheme.
Eligible drivers can still claim free or half-price registration for money spent on tolls between July 1, 2021 and June 30, 2022.
Cost-of-living relief
NSW Treasurer Matt Kean said the scheme would help “ease the pressure” on household budgets amid the rising cost of living.
“This initiative will deliver $520 million worth of relief over two years, saving eligible commuters up to $750 per year,” Kean said.
Minister for Metropolitan Roads Natalie Ward said the new scheme would benefit thousands, including drivers in Sydney’s west and south-west.
“More than half a million Sydney motorists will benefit from the rebate, which will be paid quarterly, putting more money back into the pockets of more motorists more often, particularly in Western Sydney,” Ward said.
A recent parliamentary report found that NSW drivers spent more than $2 billion in tolls each year.
Drivers made about 1 million trips on toll roads each day, the report found.
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