❓ Hon Robin Scott questions the Minister for Lands regarding the methodology used to determine pastoral lease rents, potential tax implications, and the delay in announcing new rents effective from 1 July 2019. The Minister confirms the methodology, denies awareness of tax implications, and explains the delay.
AnsweredQoN 673Legislative Council
QuestionView source ↗
PASTORAL LEASES — RENT
673. Hon ROBIN SCOTT to the minister representing the
Minister for Lands:
(1) Will the
minister confirm that the Valuer-General determines pastoral lease rents using
a methodology that is based on sales evidence of pastoral leases and an
estimated return on the value of the unimproved land held under each pastoral
lease?
(2) Is the minister
aware of any advice that a rent based in part on an estimated return may
constitute a tax on income?
(3) Why have new pastoral rents to be effective from 1 July
2019 not yet been announced?
673. Hon ROBIN SCOTT to the minister representing the
Minister for Lands:
(1) Will the
minister confirm that the Valuer-General determines pastoral lease rents using
a methodology that is based on sales evidence of pastoral leases and an
estimated return on the value of the unimproved land held under each pastoral
lease?
(2) Is the minister
aware of any advice that a rent based in part on an estimated return may
constitute a tax on income?
(3) Why have new pastoral rents to be effective from 1 July
2019 not yet been announced?
AnswerView source ↗
I thank the honourable member for some notice of the
question.
(1) Yes.
(2) No.
(3) The values will not be finalised until 1 July
2019. Lessees will be advised of their new rents after this date.
question.
(1) Yes.
(2) No.
(3) The values will not be finalised until 1 July
2019. Lessees will be advised of their new rents after this date.
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