A WA parliamentary question addresses the potential impact of a proposed premium property tax on owners of significant bushland with conservation covenants. The Treasurer indicates such properties are unlikely to be affected as the tax targets owner-occupied residences, primarily in the Perth metropolitan area.

AnsweredQoN 609Legislative Council
Asked
26 September 2001
Portfolio
minister representing the Treasurer

QuestionView source ↗

Regarding the proposed premium property tax, I ask - (1) What consideration has been given to the likely impact on the owners of significant areas of bushland held with a covenant for conservation purposes valued at more than $1 million? (2) Will the Premier exempt those properties from the premium property tax? (3) If not why not? Hon N.D. GRIFFITHS

AnswerView source ↗

I thank the member for some notice of this question. (1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.
(1) What consideration has been given to the likely impact on the owners of significant areas of bushland held with a covenant for conservation purposes valued at more than $1 million? (2) Will the Premier exempt those properties from the premium property tax? (3) If not why not? Hon N.D. GRIFFITHS replied: I thank the member for some notice of this question. (1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.
(2) Will the Premier exempt those properties from the premium property tax? (3) If not why not? Hon N.D. GRIFFITHS replied: I thank the member for some notice of this question. (1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.
(3) If not why not? Hon N.D. GRIFFITHS replied: I thank the member for some notice of this question. (1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.
Hon N.D. GRIFFITHS replied: I thank the member for some notice of this question. (1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.
I thank the member for some notice of this question. (1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.
(1)-(3) As the premium property tax is applied to owner-occupied residences, it is very unlikely that significant areas of bushland held with a covenant for conservation purposes and valued at more than $1 million will be subject to the premium property tax. Only a lot with an owner-occupied residence on it would be liable for the premium property tax. Furthermore, around 98 per cent of properties that will be liable for the premium property tax are located in the Perth metropolitan area.

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