Page 2693 - Week 09 - Thursday, 16 September 2021

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video

---

(8) The Government’s aim is to eventually abolish stamp duty, so it is no longer a barrier to anyone seeking to enter the housing market or move to a home better suited to their needs. In the meantime, the Government is targeting duty concessions to households most in need of assistance, including first home buyers.

Through the Home Buyer Concession Scheme (HBCS), first home buyers with a gross household income of $160,000 or less (plus $3,333 for each dependent child) do not have to pay any stamp duty on the purchase of a home up to $1 million, saving them up to $35,910 in 2021-22.

First home buyers that do not meet the income eligibility criterion for the HBCS can apply to defer the stamp duty payable on a purchase of a home up to $750,000. Home buyers do not have to start paying the deferred duty until five years after the transaction date and the duty does not have to be paid in full until 10 years after the transaction date.

In addition, The Government is helping all home buyers not eligible for the HBCS by reducing stamp duty in every Budget. This is a key element of our tax reform program, and our long-term commitment to phase out stamp duty and improve housing affordability in the ACT. As a result, a home buyer today pays $13,715 less in stamp duty on an $750,000 property than they would have paid without tax reform.

Municipal services—Fix My Street portal
(Question No 372)

Ms Lawder asked the Minister for Transport and City Services, upon notice, on 6 August 2021:

(1) Can the minister advise how many “Fix My Street” requests were received for the financial year of 2020-2021.

(2) How many requests were received, for each of the categories referred to in question on notice No 284, in the financial year of 2020-2021.

Mr Steel: The answer to the member’s question is as follows:

(1) 47,283.

(2) Categories used between financial years vary. The 2020-21 categories include:

---

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video