Payroll tax is applied to a business's New South Wales wages that exceed the threshold. The current payroll tax rate is 5.45% on wages in excess of the threshold of $850,000. Businesses in NSW will benefit from a progressive increase in the payroll tax threshold over the next four years as follows:

2018-19  $850,000
 2019-20  $900,000
 2020-21  $950,000
 2021-22  $1,000,000