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Mike Nahan (left) and Ben Wyatt (right) at today's debate. Photo: Attila Csaszar.

Details still to come on Metronet value capture

Shadow treasurer Ben Wyatt said he had no intention of raising taxes after the state election, while leaving wriggle room to do so, and declined to provide further details about how Labor’s value capture proposal to partially pay for the Metronet rail package might affect residents living in proximity to stations.

Speaking after the Committee for Economic Development of Australia’s Treasury debate today, Mr Wyatt said value capture had been used for decades in other parts of Australia and elsewhere in the world.

Generally, it means private landowners who live near an infrastructure investment will pay Treasury a share of any capital gain they make on their land as a result of the new infrastructure.

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