Legislative Assembly for the ACT: 2012-2013 Week 1 Hansard (27 November) . . Page.. 67..
efficiency laws are going to provide for low and middle income households to save money on their electricity bills. It is going to save money on their electricity bills in the order of over $300 a year through energy efficiency. When you take those measures in concert with the—
Opposition members interjecting—
MADAM SPEAKER: Mr Corbell, would you sit down, please? Can you stop the clocks, please, Clerk? Mr Corbell, the question was not about the legislation that was passed last year. It was about the 90 per cent renewable energy target. I propose to start the way I mean to go on. We passed a standing order that said that answers to questions need to be directly relevant to the question. I will expect members to be directly relevant to the question. Mr Corbell, can you answer the question, which was: how will the 90 per cent energy target impact on low income earners?
MR CORBELL: Thank you, Madam Speaker. I refer members to my previous answers.
MADAM SPEAKER: Supplementary question, Mr Smyth.
MR SMYTH: Thank you, Madam Speaker. Minister, will you table the modelling in the Assembly by close of business Thursday?
MR CORBELL: Madam Speaker, I refer members to my previous answer.
Budget—lease variation charge
MR SMYTH: My question is to the Treasurer. In the last five consolidated quarterly financial reports, the revenue received for the lease variation charge was below the government's estimated revenue for the time period. In September 2011 revenue was only $1.5 million, $4.1 million below the estimate. In December 2011 revenue was only $4.7 million, $6.5 million below the estimate. In March 2012 revenue was only $6.8 million against $8.9 million expected. In June 2012 revenue was only $8.7 million, $13.7 million below the estimate. In the September 2012 quarter revenue was only $1.3 million, $4.5 million below the estimate. Treasurer, rather than making excuses, why will you not admit that this tax is simply not collecting the revenue the government expects it to?
MR BARR: I can advise the Assembly that as at 14 November 2012 there are 95 applications within the system totalling $21,139,000 that has been determined but not paid since rectification on 30 April 2010. This includes 59 residential developments with an assessed value of $3.605 million; 14 commercial applications with an assessed revenue of $1.492 million; five industrial applications with an assessed revenue of $625,000; and 17 mixed redevelopment applications with $15.417 million in assessed revenue.
The number of units with LVC payable over the last four years is as follows: in 2008-09, 500; in 2009-10, 532; in 2010-11, 586; and in 2011-12, 540. The lease variation charge is an efficient and fair tax, and the government supports it.