Local drivers could be eligible to save up to $750 a year on tolls under a new relief package to ease cost of living pressures.

About half a million NSW motorists will receive quarterly rebates under the NSW Government’s Toll Rebate Scheme.

Tim James, Member for Willoughby said the new measures were aimed at making travel on the State’s toll roads more affordable for individuals, families and small businesses.

“This is great news for the people of Willoughby. Providing rebates to motorists who are using toll roads the most will help ease the cost of living pressures and will see motorists save up to $750 a year,” Mr James said.

“Locals will receive money back in their bank accounts every quarter providing faster financial relief.”

“The NSW Government is committed to easing cost of living pressures and to optimise our State’s motorways so we can help people get where they need to go faster,” said Mr James.

Under the new relief package, motorists will receive a 40 per cent rebate for tolls incurred once they spend more than $375 in a year. The maximum annual benefit for each customer will be $750.

For tolls incurred up to 30 June 2022, road users can continue to receive vehicle registration relief until 30 June 2023. For tolls incurred from 1 July 2022, customers can access the new program and will receive their first rebate payment in early 2023, followed by quarterly payments.

The program will be in place for an initial two-year period, while the government finalises and implements long term tolling reforms.

The M5 South West Cashback Scheme will continue.