Page 3824 - Week 10 - Thursday, 14 September 2017

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• Conveyance duty charged for most residential properties in the ACT is now significantly lower than the national average, and the lowest of all jurisdictions except Queensland’s rate for owner occupier properties.

• Insurance duty is fully abolished, saving a household spending $3,000 on insurance each year around $300.

• Average general rates increased by $452 on average over what they would otherwise have increased in the absence of tax reform.

• The increase in general rates was greater for houses than units over the first stage of tax reform because units have significantly lower average unimproved land values than houses.

• The second stage of tax reform was announced as part of the 2016-17 Budget. The Government will consider further analysis and the specific scope of this as the reforms continue to roll out.

(2) to (6) These matters are subject to future government decision-making.

Taxation—rates
(Question No 495)

Mr Coe asked the Treasurer, upon notice, on 18 August 2017:

(1) What was the ACT’s taxation rate per capita in (a) 2014-15, (b) 2015-16 and (c) 2016-17.

(2) What is the projected taxation rate per capita for the ACT in 2017-18.

Mr Barr: The answer to the member’s question is as follows:

(1) Taxation per capita for the years 2014-15 and 2015-16 are published by the Australian Bureau of Statistics (Taxation Revenue, Australia ABS Cat. No. 5506.0). The outcome for 2016-17 is yet to be published.

(2) Taxation per capita for 2017-18 has not been published by the ABS.

Taxation per capita in the ACT over the years 2014-15 to 2015-16 is below or in line with the average for all of the State and Territories.

Transport—light rail stage 1
(Question No 497)

Mr Coe asked the Minister for Transport and City Services, upon notice, on 18 August 2017:

(1) What is the total number of people within the 800 metre catchment zone for each Light Rail stop in Stage 1 that are expected to use the service during (a) the first year of light rail, (b) 2020, (c) 2025, (d) 2030, (e) 2035 and (f) 2040.

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