Page 3491 - Week 12 - Thursday, 19 September 1991
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
Thursday, 19 September 1991
___________________________
The Assembly met at 10.30 am.
ABSENCE OF MR SPEAKER
The Clerk: I wish to inform the Assembly that the Speaker, Mr Prowse, is absent from the Assembly. In accordance with standing order 6, the Deputy Speaker, Mr Stefaniak, shall perform the duties of the Speaker.
MR ACTING SPEAKER (Mr Stefaniak) thereupon took the chair and read the prayer.
PETITION
The Clerk: The following petition has been lodged for presentation, and a copy will be referred to the appropriate Minister:
Land Tax
TO THE SPEAKER AND MEMBERS OF THE LEGISLATIVE ASSEMBLY FOR THE AUSTRALIAN CAPITAL TERRITORY
The petition of certain residents of the Australian Capital Territory draws to the attention of the Assembly: that
1. The ACT Government has announced its intention to levy a land tax of one per cent of the unimproved value of rented residential properties with effect from 1 August 1991.
2. This land tax will have serious consequences for investment purchasing in the housing industry at a time when the ACT rental market is experiencing a chronic shortage of rental stock.
3. This new residential land tax will undoubtedly have serious repercussions on tenants in that it will increase rents in the ACT.
4. The land tax would also affect the many "involuntary" landlords in the ACT, who have to rent their homes because of interstate and overseas postings.
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .