House of Assembly - Fifty-Fourth Parliament, Second Session (54-2)
2021-02-02 Daily Xml

Contents

Economic Stimulus Package

313 The Hon. S.C. MULLIGHAN (Lee) (14 October 2020). As at 13 October 2020, how many businesses had sought a land tax deferral?

(a) How many businesses received a land tax deferral?

(b) In total, what is the value of these deferrals?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

As part of the government's COVID-19 response measures, businesses and individuals paying their 2019-20 land tax liability quarterly were able to defer payment of their third and fourth quarter instalments for up to six months.

Taxpayers did not need to apply for the deferral. The deferral was implemented by allowing taxpayers to pay within six months of their third instalment due date and three months from their fourth instalment date without incurring penalties or interest.

The value of the tax deferred will vary at any point of time reflecting the timing of bills being issued and when taxpayers elect to pay their liability (for example a taxpayer may only defer for a limited time rather than the full period available). It is therefore not possible to reliably estimate the value of the land tax deferred at 13 October 2020.

At the time of the announcement of the measure there was an estimated $180 million of 2019-20 land tax liabilities outstanding which could benefit from the deferred payment arrangements.