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The Latest Breaking News from NSW Treasury

How treasurer could make capital gains taxes 'fairer'

The capital gains tax discount should be reduced to address economic inequity and make housing more affordable, economists say.

AAP

NSW government seeks third extension of racing boss’s term as sector faces ‘challenging’ times

Animal Justice party to fight state government’s ‘absurd’ move to extend Racing NSW chairman Russell Balding’s term

The Guardian - AU

Drivers to pay $123b over decades in 'most-tolled city'

Motorists can expect to pay more than $120 billion on road tolls in NSW by 2060, as driving bodies call for a fairer pricing structure.

AAP

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MP fears Treasury, NSW Ports trying to 'strong-arm' IPART

The independent body is reviewing the Newcastle port lease price.

Newcastle Herald

The race that split Australia: how the Everest triggered a bitter NSW-Victoria feud

Antagonism has festered since Racing NSW under Peter V’landys promoted a new race to rival Victoria’s spring carnival in 2017

The Guardian - AU

Chris Minns says documents show Liberals considered privatising parts of Sydney Water

Labor to start final week of NSW election campaign by continuing pursuit of Perrottet government over its privatisation record

The Guardian - AU

Barilaro acted improperly, bureaucrat says

Former NSW Treasury secretary Michael Pratt says ex-deputy premier John Barilaro acted inappropriately during salary negotiations for the London agent-general.

AAP

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NSW govt spruik '63-year' land tax benefit

NSW Treasury analysis says many first-home buyers who opt to pay annual land tax instead of upfront stamp duty will save money in the long run.

AAP

NSW govt defends transport assets body

The entity set up to hold the state's transport assets has attracted much criticism but the government says it just needs time to deliver its promised benefits.

AAP

Record $8b 'slippage' in NSW expenditure

An "astonishing" amount of NSW government expenditure pledged in the budget for state projects will not get out the door this financial year.

AAP

Crown's Sydney casino to deliver $100m in extra tax revenue for NSW government in first year, experts say

Experts say the gambling floors in Sydney’s tallest skyscraper will not deliver as much as once hoped for the state's economy, with its major high-roller market all but gone.

ABC News

NSW Treasury head aware of funds transfer

More than a billion dollars was moved "from one part of the balance sheet to another," a former NSW Treasury official admits.

AAP

NSW Treasury suggests another inquiry

NSW Treasury has called for a fresh investigation into staff conduct a day after the auditor-general said the department was too reliant on external reviews.

AAP

NSW auditor general savages Treasury for ‘late, unsophisticated, and inaccurate forecasts’

Shadow treasurer Daniel Mookhey says those responsible must lose their jobs after ‘the most severe lashing of any government I’ve ever read’

The Guardian - AU

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AAP

NSW Treasury forecasts 'late, inaccurate'

An audit of NSW's finances has revealed a "budget mess", according to the chair of a committee investigating a controversial transport entity.

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