❓ A WA parliamentary exchange addresses power connection delays in Denmark and Walpole, attributing them to increased development, and highlights government tax relief measures, particularly for first home buyers and the caravan industry.
AnsweredQoN 218Legislative Assembly
QuestionView source ↗
POWER BLACKOUTS - DENMARK AND WALPOLE
I ask a supplementary question. What does the minister say to the fact that there have been no new power connections in Denmark and Walpole since December last year - that is five months ago - and that there is no sign of things changing? Mr F.M. LOGAN
I ask a supplementary question. What does the minister say to the fact that there have been no new power connections in Denmark and Walpole since December last year - that is five months ago - and that there is no sign of things changing? Mr F.M. LOGAN
AnswerView source ↗
It would be pertinent for everyone to consider what is happening in Denmark. The Denmark that we all know and love is changing dramatically. Every member in this chamber would be very surprised about the development applications that are on the board for Denmark. It would be nice if the member for Stirling explained to everybody in the chamber how the applications that are being approved by the local council will radically change Denmark. Those applications are causing a significant demand for electricity upgrades. We are delivering. STATE BUDGET - TAX RELIEF 219. Mrs J. HUGHES to the Treasurer: Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr F.M. LOGAN replied: It would be pertinent for everyone to consider what is happening in Denmark. The Denmark that we all know and love is changing dramatically. Every member in this chamber would be very surprised about the development applications that are on the board for Denmark. It would be nice if the member for Stirling explained to everybody in the chamber how the applications that are being approved by the local council will radically change Denmark. Those applications are causing a significant demand for electricity upgrades. We are delivering. STATE BUDGET - TAX RELIEF 219. Mrs J. HUGHES to the Treasurer: Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
It would be pertinent for everyone to consider what is happening in Denmark. The Denmark that we all know and love is changing dramatically. Every member in this chamber would be very surprised about the development applications that are on the board for Denmark. It would be nice if the member for Stirling explained to everybody in the chamber how the applications that are being approved by the local council will radically change Denmark. Those applications are causing a significant demand for electricity upgrades. We are delivering. STATE BUDGET - TAX RELIEF 219. Mrs J. HUGHES to the Treasurer: Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr F.M. LOGAN replied: It would be pertinent for everyone to consider what is happening in Denmark. The Denmark that we all know and love is changing dramatically. Every member in this chamber would be very surprised about the development applications that are on the board for Denmark. It would be nice if the member for Stirling explained to everybody in the chamber how the applications that are being approved by the local council will radically change Denmark. Those applications are causing a significant demand for electricity upgrades. We are delivering. STATE BUDGET - TAX RELIEF 219. Mrs J. HUGHES to the Treasurer: Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
It would be pertinent for everyone to consider what is happening in Denmark. The Denmark that we all know and love is changing dramatically. Every member in this chamber would be very surprised about the development applications that are on the board for Denmark. It would be nice if the member for Stirling explained to everybody in the chamber how the applications that are being approved by the local council will radically change Denmark. Those applications are causing a significant demand for electricity upgrades. We are delivering. STATE BUDGET - TAX RELIEF 219. Mrs J. HUGHES to the Treasurer: Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Can the Treasurer outline how the Carpenter government has delivered $2.1 billion in tax relief to the people of Western Australia over the next four years and how first home buyers will benefit from this? Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER replied: We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
We now have the most generous - Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr T. Buswell : Smoke and mirrors! Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : - first home owner stamp duty exemptions in the nation. No other state in the country allows first home buyers to buy a median-priced house and to pay no stamp duty whatsoever. In no other city can one buy a median house as a first home buyer and not pay a cent of stamp duty; that can happen only in WA. We have the most generous stamp duty exemptions for first home buyers in the nation. That is not the end of the tax relief in this budget; indeed, it provides $1.4 billion worth of land tax relief over four years. The member for Vasse calls it smoke and mirrors. I will deal with his argument in a minute. Before I do that, I ask the member Joondalup: is there anything in the budget about caravans and stamp duty? Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr A.P. O’Gorman : There is no stamp duty! Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : There is no stamp duty at all on caravans, says the member for Joondalup. I pay tribute to the member for Joondalup, who took up the issue of caravans and stamp duty for the caravan and tourism industries. He made a grievance in this house and spoke to me in the corridors. He was listened to, and the caravan industry now has that benefit. Caravan parks will receive a 50 per cent concession in land tax. I thank the member for Vasse for mentioning that fact. In addition, there have been changes to motor vehicle stamp duty, which, when taken together, produce a saving of more than $500 on stamp duty to be paid on vehicles such as Holden Commodores or Ford Falcons. That is not the only circumstance that is applicable to motor vehicles. It is worthwhile comparing the state’s annual fees on a motor vehicle with those in other states. Let us look at a Holden Commodore, for example. In Western Australia, the total annual charges on a Holden Commodore are $481.19. I am sure that people do not like paying that $481.19. However, I am sure that they would prefer to be a part of the Western Australian regime rather than the New South Wales regime, which requires people to pay $729; or the Victorian regime, which requires people to pay $541.50; or the Queensland regime, which requires people to pay $595.45. They prefer it to the South Australian regime, where the figure is $630; the Tasmanian regime, where they pay $546.65; or the impost in the Australian Capital Territory, which is a massive $806.60; or the Northern Territory, where the impost is $586.70. We have cut motor vehicle stamp duty, and we already have the lowest annual charges of any state for registering and licensing a family vehicle. I have already given members the land tax scales so that they can see that people are much better off if they have a million-dollar property. It is not just a benefit for the owners of those commercial properties; it is a benefit for the people who rent those properties. It is a benefit for small business tenants and for residential tenants. The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
The other aspect that the opposition ignores is that this is the fifth round of tax cuts since 2004. We have had five rounds of tax cuts - Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr T. Buswell : Oh, please! Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : “Please”, says the member for Vasse. There are not many state Treasurers who can boast five rounds of tax cuts in the last two and a bit years. That translates into $5.8 billion worth of tax relief in the next four years - $1.2 billion next year alone. There is something else I need to draw to the attention of the opposition. I just need to find the right figure. I think I will have the figure in a little while. Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr T. Buswell : Go to page 64 and read the chart about the true motor vehicle costs. Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
Mr E.S. RIPPER : Unfortunately, I closed the book on the figure that I had, but I can remember it because it shows a decline of $272 million in our revenue from stamp duty between last financial year and this financial year. Using the logic of the member for Vasse, there is an extra tax cut in this budget because stamp duty revenue is declining. Of course, some of that is due to the first home owner stamp duty exemption - $80 million worth of it is due to that exemption - but that leaves the remainder of the $272 million, which is a reduction for the general payers of stamp duty. If I followed the argument of the member for Vasse, I would be claiming there was a general cut in stamp duty. I do not follow that argument because I follow the way that all Treasurers traditionally use to ascertain and calculate tax relief. If the member for Vasse is to be consistent and deny me credit for land tax relief, he has to give me credit for stamp duty relief. He is not likely to do that. He wants to have his cake and eat it too. He is quite seriously and deliberately spinning a story to the media. He said, “If the Treasurer delivers $350 million worth of tax relief, I will applaud him.” I have delivered $433 million worth of tax relief next year in this round of tax cuts alone, and if we take into account the four previous rounds, it is $1.2 billion for the next financial year. Members opposite forget that year after year, budget after budget, I have been cutting tax, and it amounts to $5.8 billion worth of tax relief over the next four years. I remind the member for Vasse of the statements by Saul Eslake and Access Economics. Members can believe our budget papers; they have been assessed by the experts and have been found to be the best in the country.
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