❓ Dr. Woollard raises concerns about the impact of the premium property tax on elderly homeowners. Mr. Ripper responds by outlining concession arrangements, allowing deferral of the tax for eligible pensioners until the property is sold.
AnsweredQoN 378Legislative Assembly
QuestionView source ↗
PREMIUM PROPERTY TAX, EXEMPTION FOR RETIRED PEOPLE
I have had many calls from elderly people who are concerned about the potential effects of the Government’s premium property tax on their family homes. Will the Government consider an exemption for people of retirement age who have resided in their family homes for a minimum of 15 years? Mr RIPPER
I have had many calls from elderly people who are concerned about the potential effects of the Government’s premium property tax on their family homes. Will the Government consider an exemption for people of retirement age who have resided in their family homes for a minimum of 15 years? Mr RIPPER
AnswerView source ↗
The Government is aware that some people may be asset rich but income poor; therefore, the Government has always proposed that there be concessions in the premium property tax scheme. The Government proposes that people in certain circumstances will be allowed to defer the tax until the property is sold. This arrangement now applies to people in receipt of pensioners concessions for local government rates. Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr RIPPER replied: The Government is aware that some people may be asset rich but income poor; therefore, the Government has always proposed that there be concessions in the premium property tax scheme. The Government proposes that people in certain circumstances will be allowed to defer the tax until the property is sold. This arrangement now applies to people in receipt of pensioners concessions for local government rates. Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
The Government is aware that some people may be asset rich but income poor; therefore, the Government has always proposed that there be concessions in the premium property tax scheme. The Government proposes that people in certain circumstances will be allowed to defer the tax until the property is sold. This arrangement now applies to people in receipt of pensioners concessions for local government rates. Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr RIPPER replied: The Government is aware that some people may be asset rich but income poor; therefore, the Government has always proposed that there be concessions in the premium property tax scheme. The Government proposes that people in certain circumstances will be allowed to defer the tax until the property is sold. This arrangement now applies to people in receipt of pensioners concessions for local government rates. Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
The Government is aware that some people may be asset rich but income poor; therefore, the Government has always proposed that there be concessions in the premium property tax scheme. The Government proposes that people in certain circumstances will be allowed to defer the tax until the property is sold. This arrangement now applies to people in receipt of pensioners concessions for local government rates. Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Several members interjected. The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
The SPEAKER: Order! Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr Barnett: He needs a hand. The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
The SPEAKER: The Leader of the Opposition knows it is inappropriate to speak while I am on my feet, and I call him to order for the first time. It is difficult enough to hear the answer when interjections are directed at the Treasurer. Half a dozen conversations are taking place around the Chamber. If members wish to do that, they will go outside and do it. Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr RIPPER: I hope the Opposition will listen to the available concessions because they will then be able to advise people who talk to them. If opposition members interject all the time, they will miss the detail. The important point is that a person who holds both a state senior’s card and a commonwealth senior’s health-care card will have access to the deferral option. The commonwealth senior’s health-care card is available to persons of pensionable age with a taxable income of less than $50 000 for a single person and $80 000 for a couple. Concession arrangements will allow for the deferral of the tax in those circumstances. The model that has been adopted is the model straight out of the pensioner concessions legislation under which pensioners are able to defer their entire local government rates payment and the payments are made when the property is sold. Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Several members interjected. Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
Mr RIPPER: Members opposite may protest about this tax, but let us see what this tax can fund: it will bring in about $40 million over four years, which will cover the cost of employing 250 extra police officers or the building of eight to 10 primary schools. Let us not forget that the people who are targeted by this tax have an asset which is worth on average more than 14 times as much as land owned by an ordinary Western Australian. In most circumstances they have the capacity to make an additional contribution to health, education and community safety. Concessions will be available to people who are asset rich but income poor.
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