In 2022–23, we assessed $26.9 billion in revenue, which helps to fund vital infrastructure and government services, such as education, law and order, and healthcare, while also contributing to specific support provided to the community and industry.
Several revenue lines were above forecast and the overall assessed revenue was more than $1.9 billion over the forecast.
Performance against forecast for 2022–23
| 2022–23 | Forecast $’000 | Assessed $’000 | Variance |
|---|---|---|---|
| Payroll tax | 7,150,000 | 8,331,721 | +16.5% |
| Land transfer duty | 8,217,000 | 8,738,077 | +6.3% |
| Land tax | 5,289,000 | 5,372,466 | +1.6% |
| General insurance duty | 1,645,000 | 1,642,393 | -0.2% |
| Fire services property levy | 800,000 | 791,858 | -1.0% |
| Transport Accident Commission duty | 232,000 | 233,075 | +0.5% |
| Congestion levy | 117,000 | 107,756 | -7.9% |
| Growth areas infrastructure contribution | 300,000 | 259,581 | -13.5% |
| Liquor licence fees | 27,000 | 20,900 | -22.6% |
| Metropolitan planning levy | 22,000 | 21,913 | -0.4% |
| Other miscellaneous duties | 0 | 12,060* | N/A |
| Commercial passenger vehicle service levy | 60,000 | 61,119 | +1.9% |
| Wagering and betting tax | 256,000 | 253,213 | -1.1% |
| Mental health and wellbeing surcharge | 874,000 | 1,087,625 | +24.4% |
| Keno tax | 12,000 | 11,966 | -0.3% |
| Total revenue | 25,001,000 | 26,945,721 | +7.8% |
* Includes cattle compensation fund ($5,834,000), swine compensation fund ($192,000) and sheep and goat compensation fund ($3,169,000)
