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Legislative Assembly for the ACT: 2002 Week 3 Hansard (7 March) . . Page.. 766 ..

Betterment tax

(Question No 71)

Mrs Dunne asked the Minister for Planning, upon notice, on 19 February 2002:

In relation to betterment tax, what is (a) the amount of revenue received from betterment tax for each of the past three years, and (b) what are the associated costs incurred in collecting it.

Mr Corbell: The answer to the member's question is:

(a) The amount of revenue received from Betterment Tax (now referred to as Change of Use Charge) for each of the past three financial years is as follows:

  • $4.3m in 1998/99,

  • $3.9m in 1999/2000,

  • $4.4m in 2000/2001. and

  • $3.1m in current financial year up to the end of January 2002.

(b) The associated costs incurred in the collection of Change of Use Charge include:

  • payment to the Australian Valuation Office (AVO) for assessment of the value of a lease;

  • salary costs of individuals undertaking the assessment of Chang of Use Charge; and

  • time and representation costs associated with AAT appeals.

The time and cost incurred in assessing the charge vary considerably, depending on the complexity of the issues.

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