Minister for finance and services Greg Pearce has announced that residents of Tweed, Lismore and Ballina affected by recent floods could be eligible for relief from motor-vehicle stamp duty, as well as assistance with the payment of outstanding taxes and fines.
‘The Office of State Revenue can offer assistance to affected residents where they may be experiencing financial hardship as a direct result of the floods,’ he said.
Under the measure, people can seek an extension on the time to lodge documents or returns, get temporary suspension on interest payments for outstanding amounts, or arrange for debts to be paid by instalment.
Owners of comprehensively insured vehicles written off as a result of the floods can also apply for a refund of the stamp duty when they buy a replacement vehicle. Comprehensive insurance does not pay out on stamp duty.
‘It is estimated this measure alone could save local families around $1,000 for a new average-sized sedan worth $33,000, or around $450 on a new small car worth $15,000,’ he said.
‘New penalty notices, enforcement orders and sanctions may also be postponed in affected areas.
‘The Office of State Revenue had set up a hotline to assist flood-affected residents with these and other enquiries.
‘I urge all residents affected by the recent floods to contact the Office of State Revenue on 1300 556 814,’ Mr Pearce said.
The assistance applies to residents in local government areas covered by natural-disaster declarations. Further information on natural disaster relief is available on the NSW government website: www.nsw.gov.au.
