Legislative Council Fifty-First Parliament, Third Session (51-3) 51 3 Parliament of South Australia Legislative Council published Question Time Land Tax LAND TAX The Hon. J.A. DARLEY Legislative Council LAND TAX The Hon. J.A. DARLEY (15:08): I seek leave to make a brief explanation before asking the Minister for Mineral Resources Development, representing the Treasurer, a question regarding land tax receipts. Leave granted. The Hon. J.A. DARLEY Legislative Council The Hon. J.A. DARLEY: The 2008-09 budget papers state that land tax receipts will be an estimated $485 million this financial year. Of this, an estimated $5 million is attributed to the potential effect of closing a loophole that allowed for the transfer of minority interests of up to and including 5 per cent in property for the purpose of avoiding land tax. My questions to the Treasurer are: 1.	What is the current estimate of additional revenue to be gained as a result of closing the minority interests loophole? 2.	How many owners were affected by this legislative change? The Hon. P. HOLLOWAY Legislative Council Minister for Mineral Resources Development, Minister for Urban Development and Planning, Minister for Small Business The Hon. P. HOLLOWAY (Minister for Mineral Resources Development, Minister for Urban Development and Planning, Minister for Small Business) (15:09): I thank the honourable member for his important questions. I will get that information for him from the Treasurer as quickly as I can and bring back a reply.