Treasury warns Labor newsagents plan could cost NSW $760 million

Jeffrey Johnson, owner of the Mona Vale newsagency: “We used to be the only people who could sell newspapers, it’s quite a bit different now, everything is on the internet.” NSW Treasurer Andrew Constance has attacked Labor’s promise to protect the exclusive right of newsagents and convenience stores to sell lottery products, citing Treasury advice it could cost the state up to $760 million in forgone revenue.