Home›Questions on Notice›QoN 380

❓ Hon Neil Thomson questions the Treasurer regarding stamp duty revenue from insurance policies, particularly those north of the 26th Parallel, seeking data on revenue sources, insured properties, and the potential cost of removing stamp duty in the region. The Treasurer responded that RevenueWA does not collect the requested data.

AnsweredQoN 380Legislative Council

Asked

12 August 2025

Member

Hon Neil Thomson

Portfolio

Treasurer

QuestionView source ↗

Noting Table 2.1 of Budget Paper No. 3 shows over $1billion a year in Stamp Duty on insurance, and the previous answer to my question without notice in the 41st Parliament about the location of those insurance policies, I ask: (a) does the Treasurer have any idea, noting an estimate would be sufficient, about which locations provide Stamp Duty revenue; (b) if no to (a), why not; (c) if yes to (a), what percentage of the approximate $1billion in annual revenue is collected from homes and businesses north of the 26th Parallel; (d) does the Minister know how many dwellings or premises north of the 26th Parallel that would most likely be insured; (e) noting high premiums in the North, can the Minister have Treasury provide an estimate of the insured value of dwellings and other premises; and (f) can the Minister have Treasury estimate the cost to revenue of reforms that removed Stamp Duty liability on properties and other insured goods north of the 26th parallel?