In short: Queensland has a range of roadside cameras to detect offences such as speeding, mobile phone use, and not wearing a seatbelt.
The government has significantly revised how much it expects to make from cameras with revenue in 2023-24 tipped to fall $94 million short.
What’s next? The cameras are now projected to make $409 million in 2023-24, followed by $465.8 million in 2024-25.
Brace yourself for a reduction in tolerance. Government relies on that speed camera income so if there’s a shortfall they’ll stop dropping the percent tolerances until we hit the 1kph over fines they hand out in Victoria.
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Can we buy shares in !speed camera revenue? Be a safer investment bet than housing even!