Parking space levy
Increase to the Parking Space Levy
From 1 July 2009 the levy will increase from $950 to $2,000 a year for off-street, non residential parking spaces in the Sydney, North Sydney and Milsons Point business districts and from $470 to $710 a year in the business areas of St Leonards, Chatswood, Parramatta and Bondi Junction.
Existing exemptions will remain in place and the levy will continue to be indexed in line with the Sydney CPI.
What the levy does
The levy is used to develop public transport infrastructure. It was introduced to discourage car use in business districts by imposing a levy on off-street commercial and office parking spaces, including parking spaces in parking stations.
The revenue is directly used to finance, develop and maintain infrastructure that facilitates access to and encourages the use of public transport to and from the business districts where the levy applies.
More information
