Morning Headlines

Shorten’s AWU raided over GetUp


(existing subscribers)

The password field is case sensitive.
Request new password


The Productivity Commission report recommending the scrapping of stamp duty and replacing it with a tax based on land values is a recipe for disaster, because determining land values is a very inexact science using the current mass system of land valuing. Shocks will reverberate throughout the property owning community when property owners receive their assessments based on land values. Just look at the fiasco that occurred earlier this year when NSW tried to introduce the fire and emergency services levy based on land values. A far better and more transparent solution would be to scrap stamp duty and replace it with a tax based on the council rates paid by each property annually. Council rates are more stable and do not suffer wide annual increases as now occurs with land tax based on land values. Basing assessments on council rates would ensure that the annual tax raised actually met the amount budgeted for to replace the scrapped stamp duty. It would not, as in the case of land tax, result in hundreds of millions of dollars being overpaid annually above budgeted estimates based on land values.

Add your comment

BNIQ sponsored byNorth Metro TAFE


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
51 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer