More Miles for less: Government cuts rego by 20 per cent

JOINT STATEMENT
  • Miles Government announces further savings for Queensland households, as part of the upcoming state budget.
  • Rego fees will be reduced by 20 per cent for a 12 month period.
  • Rego renewals issued from 5 August will reflect the discounted price.
  • Builds on recently announced $1,000 energy rebates for every Queensland household and 50 cent flat fares on public transport.

The Miles Government has today announced further cost of living relief for Queenslanders.

Queensland registration fees will be cut by 20 per cent, set to put hundreds back in the pockets of 5.7 million car owners.

The 20 per cent reduction will apply to all light vehicle registrations for a 12-month period from 16 September 2024.

Notice of the 20 per cent discount will start to appear on renewal notices sent to customers from 5 August.

The reduction will apply to the registration fee and the traffic improvement fee for all light vehicles, regardless of purpose of use and will apply to motorcycles and trailers.

It follows Premier Steven Miles putting a freeze on rego costs in December 2023.

The move is backed by a $435 million investment by the State Government, as part of the upcoming state budget.

The reduction will see a 12-month registration bill for a private use four-cylinder vehicle reduce by almost $85, bringing registration fees down to $338.75, excluding CTP.

For vehicles registered on a pensioner concession the reduction will be nearly $50 and will reduce registration fees down to $194.50, excluding CTP.

These reductions will apply in addition to existing concessions – meaning some car owners will get as much as 70 per cent off.

As stated by Premier Steven Miles:

“Every dollar counts, which is why I’m doing what matters to put money back in the pockets of Queenslanders.

“This initiative will save the 5.7 million light car owners here in Queensland hundreds of dollars over the 12 months – dollars that could be spent on groceries, rent, the mortgage or put into savings.

“20 per cent off rego builds on $1,000 energy rebates going to every Queensland household and 50 cent public transport. These are initiatives I’m proud to be delivering as your Premier.

“I said this budget would be firmly focused on cost of living relief for Queensland, and that’s what we’re delivering.”

As stated by Deputy Premier and Treasurer Cameron Dick:

“This Queensland Government is providing critical cost of living relief to Queenslanders.

“This reduction will see a 12 month registration bill for a private use four-cylinder vehicle reduce by almost $85, bringing registration fees down to $338.75, excluding Compulsory Third Party (CTP) insurance premiums.

“For vehicles registered on a pensioner concession the reduction will be nearly $50 and will reduce registration fees down to $194.50, excluding CTP insurance premiums. This reduction will be in addition to the existing concessions provided.

“This initiative will importantly mean money in the pockets of Queenslanders.”

As stated by Minister Transport and Main Roads Bart Mellish:

“This budget sees more money in the pockets of Queensland families.

“We know the cost of transport can be significant, and that’s why our cost of living measures focus on things like our 50c public transport fares and reducing the cost of car registration.

“This 20 percent reduction applies to all light vehicle registration fees and the 20 percent reduction applies to all existing concessions.

“Our budget demonstrates that we have listened. We know it’s tough and discounting critical fees such as light vehicle registrations mean that every car owner has a more cash for those big family needs.”

FURTHER INFORMATION:

It is important to note that this reduction will not apply to compulsory third party insurance, which is charged at the point of registration, but is set by the Motor Accident Insurance Commission

/Public Release. View in full here.