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The Treasurer of New South Wales, known from 1856 to 1959 as the Colonial Treasurer of New South Wales, is the minister in the Government of New South Wales responsible for government expenditure and revenue raising and is the head of the New South Wales Treasury. The Treasurer plays a key role in the economic policy of the government.
Employers, or a group of related businesses, whose total Australian wages exceed the current NSW monthly threshold, are required to pay NSW payroll tax. Each monthly payment or 'nil' remittance is due seven days after the end of each month or the next business day if the seventh day is a weekend (i.e. August payment is due by 7 September).
On the eve of his government's first budget in September 2023, NSW treasurer Daniel Mookhey (Labor) revealed that his budget forecasts would work on the assumption that the no-worse off guarantee would be extended indefinitely. NSW was expected to receive approximately $3.8 billion from the federal government over 2023–24 and 2024–24. [69] [70]
Revenue NSW is an administrative division of the Government of New South Wales that has responsibility for collecting New South Wales taxes. It was rebranded from the Office of State Revenue (OSR) and its fines division the State Debt Recovery Office (SDRO) on 31 July 2017. [1]
The New South Wales Treasurer is a senior minister responsible for State Government expenditure and revenue raising. The treasurer is also responsible for presenting the budget. Pages in category "Treasurers of New South Wales"
The Treasury of New South Wales, branded NSW Treasury, a department of the New South Wales Government, is responsible for state financial management policy and reporting, and providing advice to the government on economic conditions and issues in New South Wales, Australia. NSW Treasury was established in April 1824 and is the oldest continuing ...
In his first year, commissioner McKay had underneath him 105 tax officers, assessed approximately 15,000 land tax returns and collected £1.3 million to £1.4 million. Over the next decade, the government introduced several new taxes, mainly to cope with the massive cost of Australia's collecting revenue to fund participation in World War I.
The progressive nature of income tax in Australia results in different income groups paying different amounts. The top 1% of income earners pay 18% of income tax received. The top 3% pay 28% of income tax. The top 10% of earners paid 46% of all income tax paid. The bottom 50% of earners paid 11% of all income tax. [19]