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The first round of concessions applied to a 6 month period (April – September 2020), with the additional round applying to an additional 3 month period (October – December 2020).
The second round of relief will require tenants wishing to request further relief to re-establish their eligibility, which is the same criteria as the first round, except that it applies for a shorter period in which landlords are required to provide rent relief to tenants. The land tax reduction – the lesser of either the amount of rent reduction provided between 1 October and 31 December 2020, or 25% of the land tax attributable to that parcel of land – will be applied to unpaid 2020 land tax liability, and refunds will be issued for payments already made this year.
Landlords can apply for the land tax concessions here before 31 December 2020.
Additionally, the NSW Government has made $10 million available to the NSW Small Business Commission to deliver additional mediation and dispute resolution services to landlords and tenants unable to come to an agreement.
The announced 30 per cent minimum tax on discretionary trusts creates significant challenges for private groups.
The NSW Budget 2026 focuses on health and education spending, with slower growth forecasts, rising debt and targeted foreign investor duty relief measures.
On Tuesday 23 June 2026, Treasurer David Janetzki handed down his second state budget alongside Premier David Crisafulli. Deficits are forecast throughout the forward estimates, with a surplus of $619m projected for 2029-30.
