❓ Treasurer Ripper responds to a question about stamp duty relief for first home buyers by highlighting the benefits, comparing the government's tax policies favorably to the opposition, and outlining other tax cuts and initiatives.
AnsweredQoN 419Legislative Assembly
QuestionView source ↗
I refer to the State’s decision to offer stamp duty relief to first home buyers and ask what effect it is likely to have on the real estate market? Mr E.S. RIPPER
AnswerView source ↗
I hear a demand from members to see the chart I am holding up. I had noted the Minister for Education and Training’s charts in recent days and I have, therefore, come into this place with a chart on the benefit for first home buyers. My chart indicates a benefit of up to $15 230 for seven out of 10 first home buyers from midnight tonight as a result of our stamp duty exemptions and the first home owner grant. Is it not a beautiful chart that I am holding up, member for Murdoch? That exemption will certainly be a big benefit to first home buyers. I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr E.S. RIPPER replied: I hear a demand from members to see the chart I am holding up. I had noted the Minister for Education and Training’s charts in recent days and I have, therefore, come into this place with a chart on the benefit for first home buyers. My chart indicates a benefit of up to $15 230 for seven out of 10 first home buyers from midnight tonight as a result of our stamp duty exemptions and the first home owner grant. Is it not a beautiful chart that I am holding up, member for Murdoch? That exemption will certainly be a big benefit to first home buyers. I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
I hear a demand from members to see the chart I am holding up. I had noted the Minister for Education and Training’s charts in recent days and I have, therefore, come into this place with a chart on the benefit for first home buyers. My chart indicates a benefit of up to $15 230 for seven out of 10 first home buyers from midnight tonight as a result of our stamp duty exemptions and the first home owner grant. Is it not a beautiful chart that I am holding up, member for Murdoch? That exemption will certainly be a big benefit to first home buyers. I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr E.S. RIPPER replied: I hear a demand from members to see the chart I am holding up. I had noted the Minister for Education and Training’s charts in recent days and I have, therefore, come into this place with a chart on the benefit for first home buyers. My chart indicates a benefit of up to $15 230 for seven out of 10 first home buyers from midnight tonight as a result of our stamp duty exemptions and the first home owner grant. Is it not a beautiful chart that I am holding up, member for Murdoch? That exemption will certainly be a big benefit to first home buyers. I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
I hear a demand from members to see the chart I am holding up. I had noted the Minister for Education and Training’s charts in recent days and I have, therefore, come into this place with a chart on the benefit for first home buyers. My chart indicates a benefit of up to $15 230 for seven out of 10 first home buyers from midnight tonight as a result of our stamp duty exemptions and the first home owner grant. Is it not a beautiful chart that I am holding up, member for Murdoch? That exemption will certainly be a big benefit to first home buyers. I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
I was talking to a 22-year-old plumber today who told me that the economy is going very well and there is lots of work for him. When he heard our announcement on the stamp duty exemption, he decided to research buying a house. He has been motivated to enter the housing market as a result of our announcement. He was very pleased today when he was told that the maximum benefit available to him would be $15 230, and he is contributing further to our economic development by seeking to buy a house. However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
However, that is not all that is happening this week. Today we abolish our fourth tax - stamp duty on workers compensation insurance. A total of 60 000 employers will be free of that tax from today, which is a $26 million a year initiative. Tomorrow our fifth tax will be abolished - stamp duty on life insurance. Also tomorrow the tax threshold for land tax will be raised to $100 000, which will free 36 per cent of all land taxpayers from paying land tax. Stamp duty rates across the board will be reduced by five per cent. Even first home buyers buying a house valued at $300 000 will receive a concession. We are also assisting first home buyers by releasing 70 000 housing lots in the Perth region over the next five years; that is, a 31 per cent increase in housing lot releases in the past five years, which will be of great assistance to first home buyers. Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Politics is always about choice. Let us look at this Government’s record versus the record of the coalition opposite. How many taxes has the Gallop Government legislated to abolish? It has abolished six taxes, not counting the abolition of stamp duty for first home buyers. How many taxes did the coalition abolish in eight years? It abolished two taxes, but the abolition did not come into effect until after the coalition had been in office for eight years and we were in power. How many new taxes has the Gallop Government introduced? None! The Gallop Government has introduced no new taxes. How many taxes did the coalition introduce? Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr C.J. Barnett: You have put up taxes by $400 million. You are the highest-taxing Government in history. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me - Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr C.J. Barnett: No, I don’t. Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Several members interjected. The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
The SPEAKER: I call to order the members for Merredin and Kalgoorlie. Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
Mr E.S. RIPPER: The Leader of the Opposition, who likes to shout at me, was responsible for a new tax - the gold royalty - contrary to solemn promises made by the then Leader of the National Party. The Leader of the National Party should bear in mind what happened to his predecessor. He told the people of the goldfields that there would be no gold royalty. He then became a member of the coalition Government the following year that went ahead and introduced it. That is the sort of thing that happens to the Nationals when they get into bed with the Liberal Party! The Liberal Party and the Nationals, in coalition, raised taxes in five out of their eight budgets, but they continued to run deficits in five budgets. The coalition had a good property market and significant revenue from stamp duty, but it increased stamp duty, once by 12.5 per cent. Did it ever reduce stamp duty in eight years? No! Did it ever abolish a tax? No!
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