NSW motorists to receive up to $750 cash back as part of toll overhaul

More than 500,000 motorists in NSW could receive up to $750 as part of a toll overhaul in the state’s upcoming budget. 

Under the new cash back scheme, eligible drivers could be refunded up to $150 if they spend at least $375 on tolls in a year. 

From then, motorists will be reimbursed for 40 per cent of their tolls until they hit $1,875 worth of toll expenses. 

More than 500,000 motorists in NSW could receive up to $750 as part of a toll overhaul in the state’s upcoming budget (pictured, motorists on the Cross City Tunnel in Sydney)

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NSW Premier Dominic Perrottet said the new program would provide ‘more relief, more often to more motorists’. 

‘This is a fairer and more equitable system based more closely on the amount a motorist actually spends on tolls,’ Mr Perrottet said. 

Almost 300,000 drivers are due to receive quarterly rebates when the scheme comes into effect on July 1, reports the Daily Telegraph. 

It will replace an existing scheme that cuts vehicle registration in half or in full after motorists hit or exceed a certain toll threshold. 

Treasurer Matt Kean said the relief system will make travelling on NSW’s motorways cheaper for hundreds of thousands of motorists. 

Under the new cash back scheme, eligible drivers could be refunded up to $150 if they spend at least $375 on tolls in a year (pictured, vehicles on the Sydney Harbour Bridge)

‘These rebates will improve the affordability of toll road travel for individuals, families and small businesses,’ Mr Kean said.

Motorists currently have to spend $877 on tolls before their registration is cut in half and $1,462 to receive their registration for free, about $28 a week. 

The toll overhaul will put money back in the pockets of households already crippled by the spiraling cost of living crisis. 

The scheme, due to be announced in the June 21 budget, is set to double the number of drivers who are refunded for tolls by the state government. 

For NSW residents to be eligible for reimbursement they must have a personal toll account such as Linkt or E-Toll, have a licence plate linked to that account and spend the minimum yearly threshold on NSW toll roads.