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Federal Budget 2023-24: Indirect taxes

Federal Budget 2023-24: Indirect taxes

The Government will increase the Road User Charge for heavy vehicles travelling on public roads leading to a reduction in fuel tax credit entitlements.

Road User Charge increases

The current Road User Charge of 27.2 cents per litre of diesel will increase by 6 per cent per year over three years to 32.4 cents per litre in 2025-26.

Heavy vehicles with a gross vehicle mass of more than 4.5 tonnes travelling on public roads are subject to the road user charge, which is collected by reducing the fuel tax credit entitlement available to transport operators.

The measure is expected to decrease government expenditure on the fuel tax credit by $1.1billion over the forward estimates period and is intended to contribute funds for road maintenance and repair.

This increase will in turn lead to increased costs for operators in the transport industry which we expect, will be passed on to business customers and ultimately consumers.

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This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.

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