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Legislative Council - Fifty-Fourth Parliament, Second Session (54-2)
2021-09-08 Daily Xml
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Land Tax

The Hon. J.A. DARLEY (14:39): I seek leave to make a brief explanation before asking the Treasurer a question about land tax.

Leave granted.

The Hon. J.A. DARLEY: Section 8A(4)(a), (b) and (c) of the Land Tax Act 1936 requires the Valuer-General to provide advice to the Commissioner of State Taxation as to the average increase in site values each financial year for all properties, excluding those used for the business of primary production. The advice is used to adjust the exemption thresholds for land tax. My question to the Treasurer is: will the Treasurer ask the Valuer-General to provide a comprehensive report which details how she came to an average increase of 7 per cent in site values last financial year, taking into consideration that Core Logic released information about property sales prices within South Australia that showed an increase of 18 per cent in sale prices for last financial year, and 5 per cent for the last quarter?

The Hon. R.I. LUCAS (Treasurer) (14:40): I am happy to take advice on the issue and provide a response to the member.

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