Discounts to Public Transport, Car Rego Part of Queensland’s Latest Budget

Vehicle registration discounts and a temporary move to 50-cent public transport tickets are part of Queensland’s 2024-25 state budget. The Miles Labor government has announced cost-cutting measures as part of its June 11 budget that runs a $3 billion deficit for the year. Queensland business owners and private motorists will be eligible for a 20 percent cut in car registration fees for light vehicles. The government will also aim to win over first-home buyers by increasing the threshold for the first homeowner concession on properties worth $500,000 to $700,000, with the concession phasing out on values of $800,000. The incentives will also apply to the first home vacant land concession threshold, increasing from $250,000 to $350,000, with the concession then phasing out up to values of $500,000....