Page 3718 - Week 08 - Friday, 24 August 2012
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(4) What modelling or analysis has the Directorate undertaken to determine the economic benefits to the Territory as a result of the First Home Owner Grant Scheme and what have been the results of this analysis.
Mr Barr: The answer to the member’s question is as follows:
(1) The number and total amount paid in grants are as follows:
• 2008-09: 2,958 - $20.5 million
• 2009-10: 3,568 - $23.3 million
• 2010-11: 2,816 - $17.9 million
(2) The number of audits conducted by the Treasury Directorate is as follows:
• 2008-09: 32 cases
• 2009-10: 24 cases
• 2010-11: 35 cases
Note: The Treasury Directorate checks all First Home Owner Grant applications but only those cases that went to a full audit have been included in the answer above.
(3) The total amount recovered by the Treasury Directorate as a result of the audits in question 2:
• 2008-09: $0.3 million
• 2009-10: $0.8 million
• 2010-11: $0.2 million
(4) While Treasury has not undertaken any analysis quantifying the total economic benefits to the Territory as a result of the first home owners grant, the economic impacts of such demand side stimulatory measures are well documented.
However, due to the large number of factors impacting on the housing market, it is difficult to quantify the overall benefit.
Taxation—payroll
(Question No 2350)
Mr Seselja asked the Treasurer, upon notice, on 9 May 2012:
Can the Treasurer provide a list of all companies that have been given a payroll concession or exemption by the ACT Government and the estimated revenue foregone from each concession.
Mr Barr: The answer to the member’s question is as follows:
(1) Due to the privacy provisions of the Taxation Administration Act 1999 (S 96), I cannot provide a list of companies that have been given a payroll tax concession or exemption as it would involve identifying and disclosing taxpayer information.
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