South Road Upgrade

870 Ms STINSON (Badcoe) (15 October 2021). With regard to South Road upgrade land acquisition stamp duty waivers—given the current market climate, will the government extend the period for acquired landowners to receive a stamp duty waiver on their next purchase, beyond the current 12-month limit? If no, why not?

The Hon. C.L. WINGARD (Gibson—Minister for Infrastructure and Transport, Minister for Recreation, Sport and Racing): I have been advised:

Section 26D of the Land Acquisition Act 1969 sets out the provision for the payment of transfer costs.

The purchase of replacement land must satisfy all requirements set out in the act and regulations. The act stipulates a period of a 12-month stamp duty waiver from when the relevant land is acquired.

For the north-south corridor project, considering the extended timeframes between early notification and when possession of the property is required, the Department for Infrastructure and Transport takes a flexible approach with issuing the Notice of Acquisition, in close consultation with the property owner. Therefore, if an acquisition occurs closer to the date a property is required, it follows that the ability to have transfer costs paid is also extended as the 12-month provision only commences once the land has been acquired or a negotiated settlement prior to compulsory acquisition is reached.