New South Wales Treasurer Dominic Perrottet and the Berejiklian government should be commended for the structural reforms in yesterday’s state budget. 

It lowers the payroll tax from 5.45 per cent to 4.85 per cent and increases the payroll tax-free threshold by an additional $200,000 to $1.2 million; replaces stamp duty with a broad-based land tax for new property purchases; reduces burdensome regulations.

These historic changes will help millions of Australians achieve their financial goals.