Page 4416 - Week 12 - Thursday, 26 October 2017
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in the minister’s statement today. Obviously, there is a lot more work that needs to be done in that area.
We have heard this government has been in power for quite some time. It now appears they are trying to fix problems of their own making. The missing middle provides more housing choices for people. What have they been doing over the past few years that they now have to address those problems and fix the problems that they themselves have created?
There is still a lot of work to do in the planning area. It is good to see that there are some points for improvement mentioned in the minister’s statement. I will look forward to continuing to encourage the minister to consult and communicate more with the community to ensure the best outcomes.
Question resolved in the affirmative.
Revenue Legislation Amendment Bill 2017 (No 2)
Mr Barr, pursuant to notice, presented the bill, its explanatory statement and a Human Rights Act compatibility statement.
Title read by Clerk.
MR BARR (Kurrajong—Chief Minister, Treasurer, Minister for Economic Development and Minister for Tourism and Major Events) (10.44): I move:
That this bill be agreed to in principle.
I present to the Assembly the Revenue Legislation Amendment Bill 2017 (No 2), which will ensure smooth administration of the barrier free conveyancing model and improve the clarity and quality of the ACT’s tax legislation. This bill contains minor policy and technical amendments to support a fair, effective and efficient tax system. It amends the Duties Act 1999 and a number of other taxation acts of the territory.
On 18 September this year the ACT government introduced a revolutionary reform to the collection of conveyance duty—the barrier free model. The model removes barriers to the conveyancing process for the customer by creating a single point of contact with the government, abolishing the requirement for stamping, shortening the turnaround period for property purchases and moving the payment of conveyance duty of a property purchase to after the settlement. For the introduction of the barrier free model, the ACT Revenue Office and Access Canberra have developed administrative processes for handling transitional transactions as well as dutiable transactions outside the barrier free transactions.
This bill will amend the Duties Act. To clarify, the Commissioner for ACT Revenue may use his or her general power of assessment to assess a duty liability in the event of non-registration of a property transfer. It also clarifies that the Registrar-General can collect buyer identification documentation at any time leading up to the property transaction. The Duties Act will also be amended to provide clarification on dutiable
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