Question regarding whether the government considered the potential negative impact of a premium property tax on property values when making revenue estimates. The Treasurer's response is non-committal, deferring to expert advice.

AnsweredQoN 403Legislative Assembly
Asked
20 September 2001
Portfolio
Treasurer

QuestionView source ↗

PREMIUM PROPERTY TAX, REVENUE 403. Mr BARRON-SULLIVAN to the Treasurer: Did the Government’s estimates factor in that this tax will drive down the value of so-called premium properties in the short term? Mr RIPPER

AnswerView source ↗

The estimates have been provided by the experts in this area; that is, the Treasury and the Office of State Revenue, who have taken into account all relevant factors.
PREMIUM PROPERTY TAX, REVENUE
Did the Government’s estimates factor in that this tax will drive down the value of so-called premium properties in the short term? Mr RIPPER replied: The estimates have been provided by the experts in this area; that is, the Treasury and the Office of State Revenue, who have taken into account all relevant factors.
Mr RIPPER replied: The estimates have been provided by the experts in this area; that is, the Treasury and the Office of State Revenue, who have taken into account all relevant factors.
The estimates have been provided by the experts in this area; that is, the Treasury and the Office of State Revenue, who have taken into account all relevant factors.

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