Page 6006 - Week 18 - Thursday, 12 December 1991

Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .

MR SPEAKER: Yes, I would ask you to address the points where you feel you have been maligned, Mr Stevenson.

MR STEVENSON: That is exactly the case. These financial areas place unnecessary and huge burdens on the family unit.

MR SPEAKER: Yes, but the point is that you are debating an issue. If Mr Duby could not understand your point of view, that is between you and him for a later debate. If you have been misrepresented in some area - - -

MR STEVENSON: It was an entire misrepresentation because he said that it had nothing whatsoever to do with this. What I am doing is showing that it has something to do with it. I would recommend people to read them. Indeed, nothing of the other books I referred to, such as Diet and Behaviour, The Child Abuse Industry, Sourcebook on Pornography, Why Your Child Is Hyperactive, or any of the support groups - - -

MR SPEAKER: Order! Mr Stevenson, you are debating the issue. If you would like to take issue with a particular statement made by Mr Duby and clear it, you can do so; but you cannot go through the full argument. Please draw to your conclusion.

MR STEVENSON: Thank you, Mr Speaker. I think I have made the point. A reading of the information would handle the problem.


MS FOLLETT (Chief Minister and Treasurer) (12.01): Mr Speaker, I present the Stamp Duties and Taxes (Amendment) Bill 1991. I move:

That this Bill be agreed to in principle.

The Stamp Duties and Taxes (Amendment) Bill 1991 is a budget initiative which amends the Stamp Duties and Taxes Act 1987 to abolish duty on residential tenancy agreements and shifts the liability for the payment of duty on non-residential leases from the lessee to the lessor.

The abolition of duty on residential leases will bring the ACT into line with the practice in other jurisdictions and will be welcomed by Canberra residents renting homes. It will also provide administrative savings to the Revenue Office by reducing the number of low yield documents processed.

The impetus for shifting the liability from lessee to lessor is to bring within the stamp duty net buildings leased out to the Commonwealth and Territory governments which are currently not liable for stamp duty. By making the lessor liable, duty will be collected and passed on indirectly through increased rents.

Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .