Page 2661 - Week 08 - Thursday, 14 August 2014
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MR BARR: distribution of land tax across the variety of property types in the territory.
Mr Wall interjecting—
MADAM DEPUTY SPEAKER: Mr Wall!
MR BARR: This recalculation of marginal rates has been implemented by a disallowable instrument. This bill presents the necessary amendments to sections 15 and 16 of the Land Tax Act. These sections allow land tax to be charged only on that portion of a property that is liable for land tax if the whole parcel is not land taxable.
Amendments in this bill ensure that when only a portion of the property is liable for land tax, the fixed charge will not be applied in full. A disallowable instrument has applied the fixed charge to all liable properties since 1 July 2014 pending this bill. From 1 October and the enactment of this bill, the fixed charge will be incorporated into the Land Tax Act, and the current disallowable instrument will be repealed.
The Land Tax Amendment Bill 2014 advances taxation equity in the territory. This is achieved by ensuring certain properties no longer have taxation advantages over others. It is important that the territory addresses this issue to ensure equitable returns from the ever-increasing amount of urban densification in the ACT.
Optimal returns benefit the community as a whole. The additional revenue gained from this initiative will allow the territory government to deliver essential services—health and education being the two most essential services—as well as municipal, community services and fire emergency services, amongst others. This is why I commend the Land Tax Amendment Bill to the Assembly.
Question put:
That the bill be agreed to in principle.
The Assembly voted—
|
Ayes 9 |
Noes 8 | ||
|
Mr Barr |
Ms Gallagher |
Mr Coe |
Ms Lawder |
|
Ms Berry |
Mr Gentleman |
Mr Doszpot |
Mr Smyth |
|
Dr Bourke |
Ms Porter |
Mrs Dunne |
Mr Wall |
|
Ms Burch |
Mr Rattenbury |
Mr Hanson | |
|
Mr Corbell |
Mrs Jones | ||
Question so resolved in the affirmative.
Bill agreed to in principle.
Leave granted to dispense with the detail stage.
Bill agreed to.
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