Page 4107 - Week 13 - Wednesday, 18 November 2015

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(y) that in this term the Canberra Liberals have yet to issue a meaningful and comprehensive program of taxation reform;

(z) that in this term the Canberra Liberals have yet to issue a policy about cost of living; and

(aa) that in this term the Canberra Liberals have yet to issue a policy about housing affordability; and

(2) calls on the Government to:

(a) maintain its commitment to reforming the Territory’s taxation system;

(b) outline a program for the next five years of taxation reform, including analysis about rates increases on households and businesses; and

My amendment seeks to remove all words after “this Assembly” and substitute the following in (1) under “Notes”:

(a) that the Government is abolishing duty on conveyances;

(b) that the Government is abolishing duty on insurance;

(d) that insurance duty will be abolished by 1 July 2016;

(e) that stamp duty has been cut in every budget since 2012-2013 and will be cut in all forthcoming budgets delivered by this Government;

(f) that the ACT Government was the first in the country to undertake such reform;

I note that other governments are now following. The amendment continues:

(g) that households and businesses are already saving considerable sums on their insurance policies due to the cuts to insurance duty;

(h) that home buyers are saving thousands of dollars in stamp duty, with a $500 000 property currently incurring $5900 less in stamp duty than before tax reform started in 2012;

(i) that household and commercial general rates are a stable and efficient source of revenue;

(j) that the Government’s taxation reforms are revenue neutral—with increases to rates funding decreases to other taxes—

namely, stamp duty, insurance and payroll tax—

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