Page 2223 - Week 08 - Tuesday, 4 June 2013
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From tomorrow, conveyance duty will be further cut for residential and commercial properties.
Tomorrow, the buyer of a $500,000 home will save $3,400 on stamp duty compared to before tax reforms began; by 2016 the saving will be over $7,000.
To boost investment the Government is accelerating the abolition of conveyance duty on transactions valued over $1.65 million.
A flat 5.5 per cent rate will apply, substantially cutting the amount payable.
From tomorrow our city will go from having one of the highest stamp duty rate in Australia to one of the lowest.
Healthy and smart
This Budget invests heavily in health and education to meet both present and future challenges.
Health and education will always be two of the Gallagher Government’s highest priorities.
We are proud they make up 51 per cent of the spending in this Budget.
This Budget continues the Government’s transformation of our health system, with $1.3 billion in funding made available.
This Budget funds design work on the University of Canberra Public Hospital, a state-of-the-art facility to help meet our city’s needs for years to come.
There will be more beds at the Canberra Hospital, Calvary Public Hospital and Centenary Hospital for Women and Children.
Elective surgery services will be improved and waiting times reduced, the Emergency Department at Canberra Hospital will be expanded, and there will be increased rapid assessment services at Calvary.
There is extra funding for increased mental health services provided through non-government organisations and community health programs, and funding to support and expand Community Health and the successful nurse-led Walk-in Centres is made available. A mobile dental clinic will help people who cannot access a dentist surgery.
A Centenary Chair in Cancer Research will be established at the John Curtin School of Medical Research, and outreach services for cancer sufferers will be expanded.
This Budget also ensures that Canberrans remain the most active people in the country.
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