Page 2719 - Week 10 - Thursday, 15 October 1992

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No. 349

Payroll Tax

Mr Moore - Asked the Chief Minister upon notice on 17 September 1992 What is the cost to ACT Revenue if the threshold of payroll tax is (a) lifted from a turnover of $500,000 to $1 million; (b) lifted from a turnover of $500,000 to $1.5 million; and (c) lifted from a turnover of $500,000 to $2 million;

Ms Follett - The answer to the members question is as follows It is estimated that in 1992193 the cost to the ACT would be (a) 8.66 % ($7.8 million) of payroll tax revenue; (b) 13.40 % ($12.1 million) of payroll tax revenue; and (c) 16.93 % ($15.3 million) of payroll tax revenue.

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