❓ Mr. Bradshaw questions the Treasurer on readjusting stamp duty rates to account for the GST, referencing the Premier's previous stance against taxing a tax. Mr. Ripper deflects, blaming the previous government's financial mismanagement and arguing the GST has cost the state money, making immediate action impossible.
AnsweredQoN 346Legislative Assembly
QuestionView source ↗
STAMP DUTY RATES, READJUSTMENT 346. Mr BRADSHAW to the Treasurer: In Opposition, the current Premier and Treasurer maintained that it was wrong to impose a tax on a tax. (1) Does the Treasurer still hold that view? (2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER
AnswerView source ↗
(1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
STAMP DUTY RATES, READJUSTMENT
In Opposition, the current Premier and Treasurer maintained that it was wrong to impose a tax on a tax. (1) Does the Treasurer still hold that view? (2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
(1) Does the Treasurer still hold that view? (2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
(2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
(1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
STAMP DUTY RATES, READJUSTMENT
In Opposition, the current Premier and Treasurer maintained that it was wrong to impose a tax on a tax. (1) Does the Treasurer still hold that view? (2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
(1) Does the Treasurer still hold that view? (2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
(2) If so, when will he act to readjust stamp duty rates to ensure that stamp duty on goods and services tax-inclusive prices is revenue neutral? Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Mr RIPPER replied: (1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
(1)-(2) What a question from the Opposition! The Opposition imposed stamp duty on goods and services tax-inclusive prices and now it is asking us to take it off. We have gone over time and again the very difficult financial situation that this lot left us. Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Several members interjected. Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Mr RIPPER: The Opposition does not understand forward planning and it does not understand the forward estimates. It wants to concentrate on the one good year after four years of deficits. Two more deficits are forecast for the next three years. The Opposition wants to pretend that there is a lot of money around; however, $250 million of last year’s revenue related to privatisation revenue, one-off privatisation revenue from tax-equivalent payments and stamp duty from those sales. If the Leader of the Opposition doubts me, it is probably because he has not yet read the appendix to his own Government’s midyear review of state finances. We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
We have no extra revenue as a result of the goods and services tax. In fact, we are losing revenue because of the so-called growth dividend that was factored into the intergovernmental agreement. There has been no growth - oh dear - and we will not get the growth dividend back. We are losing also because the Commonwealth Government took out the so-called embedded wholesale sales tax savings; so we do not have that either. The GST has actually cost this State money, and that is on top of the financial circumstances left to us by the Leader of the Opposition and his colleagues. Of course, in an ideal world there would not be a tax on a tax, but we must be responsible and have the financial capacity to alter that before we take this particular measure into account.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.