Queensland Treasury

Queensland Budget 2026-27 · Crisafulli Government

Minister
David Janetzki MP
Department head
Under Treasurer Paul Williams

As at budget day (2026-06-23)

$816.2M
Total expenses
$76.2M
Capital program
$106M
7 tracked measures
2,071
FTE staff

Across budgets

Tracked across 6 budgets (2021-22 to 2026-27).

Key service areas

Fiscal and economic policyRevenue collectionGovernment-owned corporations oversightState superannuationInsurance and risk management

Budget initiatives

Boost to Buy Shared Equity Scheme$165MExpandedCapitalAnnounced

$330 million for the Boost to Buy shared equity home ownership scheme, providing eligible buyers a government equity contribution of up to 30% for new homes and 25% for existing homes, supporting up to 2,000 first home buyers.

First home buyers with as little as a 2% deposit can buy a home with the government taking an equity share of up to 30% (new homes) or 25% (existing homes), for properties up to $1 million.

2026-27: $165M

$165M capital plus $2M operating in 2026-27, part of a $330 million total package for the shared equity scheme

First Home Owner Grant Extension$72M totalExpandedAnnounced

$72 million to extend the boosted $30,000 First Home Owner Grant for four years, encouraging first home buyers into new builds.

First home buyers building a new home get a $30,000 grant (double the standard amount), locked in for four years to help them into the market.

General Government operating/revenue foregone, $72M over 4 years

Electricity Rebate Scheme IndexationNot yet costedExpandedAnnounced

Continued indexation of the vulnerable household Electricity Rebate Scheme, increasing 3.4% to almost $400 in 2026-27 for around 700,000 households.

The electricity rebate for vulnerable households rises to almost $400, providing power bill relief to around 700,000 Queensland households.

Concession; rebate set at $399 in 2026-27. Total program cost not separately broken out in BP4.

Queensland Revenue Office Compliance and Debt Recovery$14.5MNewAnnounced

$60.0 million over four years to increase resourcing for the Queensland Revenue Office's compliance and debt recovery activities, estimated to raise $220 million in additional revenue.

Strengthens collection of taxes, royalties and penalty debts owed to the state, helping fund services without new taxes.

2026-27: $14.5M2027-28: $14.8M2028-29: $15.2M2029-30: $15.6M

General Government operating, $60.0M over 4 years plus $15.6M per annum ongoing. Linked revenue measure estimated to raise $220 million over four years.

Apprentice and Trainee Payroll Tax Rebate Extension-$64MExpandedAnnounced

Extension of the 50% payroll tax rebate on apprentice and trainee wages until 30 June 2027, at an estimated cost of $64 million in 2026-27.

Extends a 50% payroll tax rebate for businesses employing apprentices and trainees, encouraging them to take on more young workers.

2026-27: -$64M

Revenue measure (revenue foregone), estimated cost $64M in 2026-27. Negative amount denotes revenue foregone. Subject to passage of legislation.

Targeting Transfer Duty Home Concessions$4.6MReducedAnnounced

From 1 August 2026, temporary residents will be ineligible for home, first home and vacant land transfer duty concessions and will pay standard rates, reducing revenue foregone by $28.9 million over four years.

Temporary residents will pay standard transfer duty rates (like investors) when buying property, with some exemptions, from 1 August 2026.

2026-27: $4.6M2027-28: $5.3M2028-29: $5.5M2029-30: $13.5M

Revenue measure; reduces revenue foregone by $28.9M over four years (positive figure = revenue gained). Some exemptions apply.

Reform of Surcharge Relief Arrangements-$14.2MExpandedAnnounced

Streamlined transfer duty and land tax surcharge relief for entities that build housing, including lowering the dwelling threshold from 50 to 20 and a pre-approval process, with revenue foregone of $66.2 million over five years.

Makes it easier for residential developers to access surcharge relief by lowering the dwelling threshold from 50 to 20 and adding a pre-approval process, encouraging more housing to be built.

2025-26: -$3M2026-27: -$14.2M2027-28: -$15M2028-29: -$16.3M2029-30: -$17.7M

Revenue measure (revenue foregone), $66.2M over 5 years. Negative amount denotes revenue foregone to encourage housing supply.

Forward estimates

Year-by-year allocations for 5 measures with published forward profiles.

Measure2025-262026-272027-282028-292029-30Total
Boost to Buy Shared Equity Scheme$165M$165.0M
Queensland Revenue Office Compliance and Debt Recovery$14.5M$14.8M$15.2M$15.6M$60.0M
Apprentice and Trainee Payroll Tax Rebate Extension-$64M$-64000.0K
Targeting Transfer Duty Home Concessions$4.6M$5.3M$5.5M$13.5M$28.9M
Reform of Surcharge Relief Arrangements-$3M-$14.2M-$15M-$16.3M-$17.7M$-66200.0K
Total$-3000K$105.9M$5.1M$4.4M$11.4M$123.7M

Performance metrics

Service standards from the Service Delivery Statement. Targets and actuals as published.

MetricPrior targetActualTarget
2024-252024-252025-26
Overall stakeholder and customer satisfaction with economic strategy outputs80%83%80%
Achievement of the Government's fiscal principlesMeetMeetMeet
Overall stakeholder and customer satisfaction with the information, analysis and advice provided (Fiscal strategy and financial reporting)80%57%80%
Total revenue dollars administered per dollar expended — accrual$171$180$183
Overall customer satisfaction with revenue services provided65%55%65%
SPER clearance rate (finalisations/lodgements)100%111.5%100%
Average cost per $100 of revenue and penalty debt collected$3.46$2.66$3.34

Source: Service Delivery Statement. Prior target and actual are for 2024-25; target is for 2025-26.

Source document

Service Delivery Statement — Queensland Treasury (PDF)

Last updated: 2026-06-24. Factual information from published budget documents.