Page 197 - Week 01 - Wednesday, 15 February 2012

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

MS BRESNAN: Supplementary.

MR SPEAKER: Yes, Ms Bresnan.

MS BRESNAN: Minister, what coordination was undertaken within ACTPLA to ensure that the decision to approve the development application for Quayside in Kingston was notified after the regulation was notified?

MR CORBELL: Again, in terms of coordination within ACTPLA, I would need to seek advice on that matter. I am aware, however, that ACTPLA were aware that the government was giving consideration to the making of a regulation, and they took that into account when it came to the particular matter Ms Bresnan has raised.

Budget—lease variation taxation

MR DOSZPOT: My question is to the Treasurer. Treasurer, the consolidated financial report for the December quarter 2011 reveals that revenue from the lease variation tax is significantly below budget. Rather than $11.2 million, revenue for the first six months of the year totalled only $4.7 million.

Mr Barr: Where is the question?

MR DOSZPOT: Thank you, Mr Barr. I was waiting for you to digest the question itself. The question is—

Members interjecting—

MR SPEAKER: Thank you, members. Mr Doszpot has the floor.

MR DOSZPOT: Are you ready, Mr Barr?

Mr Barr: I am ready.

MR DOSZPOT: Treasurer, what analysis have you undertaken of the reasons for the shortfall in revenue from the lease variation tax and what does this analysis show?

MR BARR: I am delighted that Mr Doszpot got to his question finally. I am pleased to be able to advise the Assembly of some updated figures in relation to the lease variation charge. On 24 January—the latest date, so beyond the reporting date for the December quarter consolidated report—I can confirm that now $6 million has been paid on 72 applications: 29 residential, 24 commercial, eight industrial and 11 mixed use applications. So I can update those opposite on those figures.

I can advise that a further 94 applications have been determined, totalling $15.5 million: 61 residential, 16 commercial, four industrial and 13 mixed use. That gets us very close—I think less than $500,000 away from the budgeted target for the financial year.

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