Mr Nalder questions the Premier's stance on foreign property speculators paying their fair share of infrastructure costs, alleging a contradiction in the Premier's statements regarding stamp duty rebates. The Premier defends the policy, highlighting the higher duty paid by foreign investors and attacking Mr Nalder's competence.

AnsweredQoN 949Legislative Assembly
Asked
24 October 2019
Portfolio
Premier

QuestionView source ↗

STATE ECONOMY — STAMP DUTY REBATE
949. Mr D.C. NALDER to the Premier:
I have a supplementary question. Does the Premier no longer
stand by his claim that foreign property speculators should pay for their fair
share of infrastructure, or if he does, why is he giving them massive handouts?
This is where he is contradicting himself from yesterday's statement.

AnswerView source ↗

It is apparent that the shadow Treasurer does not process
information very well. I will give members an example. With the 75 per cent
rebate on a $700 000 property in a multistorey development, a domestic buyer
will pay duty of $6 816. A foreign investor will pay $32 240 in duty. By
definition, it is $25 000 more.
Several members interjected.
The SPEAKER : Members!
Mr M. McGOWAN : Therefore, the shadow Treasurer has
just shown himself unfit ever to be Treasurer of Western Australia and shows
why Colin Barnett and Colin Barnett's office had such a low opinion of
him, as the bloke sitting next to him will no doubt attest.
Several members interjected.
The SPEAKER : Minister for Mines and Petroleum, I call
you to order for the first time.

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