Mrs. Harvey questions the Premier about the eligibility of wealthy individuals purchasing expensive apartments for a $50,000 stamp duty rebate. The Premier defends the policy as a means to stimulate the property sector, capping the benefit at $50,000, and criticises the opposition's understanding.

AnsweredQoN 946Legislative Assembly
Asked
24 October 2019
Portfolio
Premier

QuestionView source ↗

STATE ECONOMY —
STAMP DUTY REBATE
946. Mrs L.M. HARVEY to the Premier:
I have a supplementary question. Can
the Premier confirm that a very, very wealthy individual who purchases an
apartment for $7 million to $10 million will be eligible to receive the $50 000
rebate?

AnswerView source ↗

I mean, honestly; the Liberal Party
is so useless! It is so embarrassing. We are ensuring that there is activity in
the property sector. We are ensuring that there is a reduction in transfer duty
for people who want to buy off the plan. If we can bring forward activity via
this technique, that is what will happen. Any benefit will be capped at $50 000.
If a very expensive property is purchased as a consequence of this, the benefit
will be capped at $50 000. Again, I do not think the opposition gets it. As I said
yesterday, I do not think the opposition understands the way it works. But,
then again, I think that is quite common with the Liberal opposition and the
opposition leader—they often do not understand complex things.

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