Page 89 - Week 01 - Tuesday, 16 February 1993

MINISTER FOR THE ENVIRONMENT, LAND AND PLANNING

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 481

Capital Golf Course Development
Betterment Premium

Mr Moore - asked the Department of the Environment, Land and Planning

(1) How much betterment tax was charged on the variation on the Crown lease of Block 13, Section 100, Narrabundah (Capital Golf Course).

(2) What would have been the revenue to the Government had 100% betterment tax been levied.

Mr Wood - the answer to the Members question is as follows:

(1) & (2) A variation to the Crown lease of Block 13, Section 100, Narrabundah has

not yet been approved. Neither has the processing of the lessees

application reached a stage where it is possible to determine the amount of

a betterment premium.

I am therefore unable to be more specific at this stage, about the amount of revenue likely to be generated should the proposal proceed.