The Parking Space Levy (PSL) is one of a number of NSW Government strategies to help reduce congestion in key business districts throughout Sydney.
The aim of the PSL is to discourage car use in leviable districts while attracting customers to public transport by funding around $100 million of improvements to essential infrastructure each year, such as commuter car parks and interchanges.
Parking Space Levy Review
The NSW Government has commenced a review of the Parking Space Levy Act 2009 to determine whether the policy objectives of the Act remain valid and whether the terms of the Act remain appropriate for securing those objectives.
Additionally, the Parking Space Regulation 2009 needs to be reviewed, as it is due for statutory repeal under the Subordinate Legislation Act 1989.
To inform the review of both the Act and its Regulation, Transport for NSW has prepared a discussion paper (pdf 1.1MB).
Transport for NSW announced a public consultation process on 20 October 2016.
Submissions closed on Friday, 2 December 2016 and are available below.
The Government will consider submissions and provide a response in the first half of 2017, including on any proposed changes to the Act or its administration.
Where does the PSL apply
The Parking Space Levy applies to leviable premises in the districts of:
- Sydney's CBD, North Sydney/Milsons Point (Category 1 districts).
- Bondi Junction, Chatswood, Parramatta and St Leonards (Category 2 districts).
Boundary maps of each of the PSL districts are below:
How much does the PSL cost
PSL rates are indexed annually to movements in the Consumer Price Index (All Group Index) for Sydney. From 1 July 2016 the Parking Space Levy rates are:
- $2,350 per space in Category 1 areas.
- $840 per space in Category 2 areas.
Some parking spaces are exempt from the PSL. This includes parking spaces where a space is set aside exclusively for:
- The parking of motor vehicles by persons who hold mobility parking scheme authorities
- The parking of motor vehicles by persons who reside on the premises or on adjoining premises
- The parking of motor vehicles for the purpose of loading/unloading of goods or passengers
- The parking (without charge) of any motor vehicles owned or occupied by a religious body, a public charity or benevolent institution.
For full details of exemptions please see the Parking Space Levy Regulation 2009 .
If you need further information about how the PSL might apply to a property you own, or whether you are eligible for an exemption, you should visit the Office of State Revenue’s website .
How are PSL funds spent
Under the Parking Space Levy Act 2009, all revenue from the PSL must be paid into a special account – the Public Transport Fund – and can only be used for specific purposes, including funding:
- Public transport services
- Projects that facilitate access by public transport to and from, or within, leviable districts, including projects for the construction, maintenance and ongoing management of parking facilities, and other such infrastructure
- Initiatives for the communication of information to commuters, including initiatives that make use of new technologies.
The PSL raises around $100m each year, the vast majority of which is used to fund public transport infrastructure projects, such as commuter car parks, transport interchanges and new light rail lines. Significant projects such as the Hurstville Bus Interchange, the Liverpool to Parramatta T-Way and the Inner West Light Rail Extension have been funded with substantial contributions from the Parking Space Levy. In the 2015-16 financial year, the PSL raised $104m.
The most recent annual statement for expenditure is the Public Transport Fund 2014-15 (pdf 109KB). A statement for the 2015-16 financial year will be available later in 2016.
A summary of the projects funded from the PSL up to 30 June 2015 (pdf 39KB) is also available.
Where can I get more information about the PSL
The Office of State Revenue is responsible for the day-to-day administration of the PSL, including assessing property owners’ liability for the PSL and collecting payments. Information for property owners about the PSL is available from the Office of State Revenue’s website.