❓ A WA parliamentary question on notice regarding the sale of properties by agencies under the Minister's authority, including details on residential sales and GST application. The response reveals significant property sales by the Department of Housing.
AnsweredQoN 4197Legislative Assembly
Asked
19 October 2010
Member
Portfolio
Commerce; Science and Innovation; Housing; Minister Assisting the Treasurer
QuestionView source ↗
For each agency under the authority of the Minister, I ask:
(a) how many properties, including land, have been sold in the last 12 months; and
(i) of these properties, including land, how many have been sold for residential purposes; and
(b) what was the value of each property, including land, sold for residential purposes; and
(i) of those properties, including land, sold for residential purposes, was the standard rate of GST (10%) applied; and
(ii) if not, please list the rate of GST applied to those properties that did not apply the standard rate of GST?
(a) how many properties, including land, have been sold in the last 12 months; and
(i) of these properties, including land, how many have been sold for residential purposes; and
(b) what was the value of each property, including land, sold for residential purposes; and
(i) of those properties, including land, sold for residential purposes, was the standard rate of GST (10%) applied; and
(ii) if not, please list the rate of GST applied to those properties that did not apply the standard rate of GST?
AnswerView source ↗
Answered
18 November 2010
Responded by
Minister for Commerce; Science and Innovation; Housing; Minister Assisting the Treasurer
Response time
30 days
ChemCentre
(a) - (b) (ii) Nil, Not Applicable
Commerce
(a) Three lots were sold in the Shire of Manjimup, by the appointed agent LJ Hooker of Pemberton on Saturday 28 November 2009. Lot 203 was the former Pemberton Sports Club and Lot 202 was the bowling green attached to the sports club. Lot 201 was the former caretakers residence and this had been rented to the Pemberton Backpackers situated across the road on a month by month basis up until the time of the auction. All three lots were situated on Brockman Street, Pemberton.
i) All three lots were sold to private investors so the Department of Commerce does not know what happened to these lots after settlement in January 2010.
(b) Commerce is unaware if the land that was sold has been used for residential purposes, however, each lot sold for the following amounts:
· Lot 201 - $214,500 inclusive GST
· Lot 202 - $242,000 inclusive GST
· Lot 203 - $297,000 inclusive GST
i) Yes, 10% GST was applied.
ii) Not applicable.
Housing
(a) 2,265. All proceeds of sale contribute to achieving better housing outcomes for Western Australians.
(i) 1,902, but it is noted that as at 15 October 2010, a further 1,891 new social houses have been delivered by the Department since the Government came to power.
(b) As provided in (a) above, the Department of Housing sells a large number of properties throughout each year. It is a waste of Government time and resources to provide this level of research for the Member when the information is publicly available via Landgate.
(i) Yes, the Department has applied GST at the standard rate of 10% on the sale of all 'new residential properties' and land. Where the sale of residential properties or land have been negotiated under the 'Margin Scheme' provisions, GST has been charged on 1/11
th
of the margin for supply, which is the amount by which the sales price exceeds the purchase price paid for the residential property or land.
Other residential property not falling within the definition of 'new residential property' is 'input taxed' which prescribes that no GST is payable on these supplies. Therefore the Department has not charged GST on these supplies.
(ii) Not Applicable
SBDC
(a)No properties, including land, have been sold in the last 12 months.
(i) Not applicable.
(b) (i) and (ii) Not applicable.
WAIRC
(a) - (b) (ii) Nil, Not Applicable
WorkCover
(a) - (b) (ii) Nil, Not applicable
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
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(a) - (b) (ii) Nil, Not Applicable
Commerce
(a) Three lots were sold in the Shire of Manjimup, by the appointed agent LJ Hooker of Pemberton on Saturday 28 November 2009. Lot 203 was the former Pemberton Sports Club and Lot 202 was the bowling green attached to the sports club. Lot 201 was the former caretakers residence and this had been rented to the Pemberton Backpackers situated across the road on a month by month basis up until the time of the auction. All three lots were situated on Brockman Street, Pemberton.
i) All three lots were sold to private investors so the Department of Commerce does not know what happened to these lots after settlement in January 2010.
(b) Commerce is unaware if the land that was sold has been used for residential purposes, however, each lot sold for the following amounts:
· Lot 201 - $214,500 inclusive GST
· Lot 202 - $242,000 inclusive GST
· Lot 203 - $297,000 inclusive GST
i) Yes, 10% GST was applied.
ii) Not applicable.
Housing
(a) 2,265. All proceeds of sale contribute to achieving better housing outcomes for Western Australians.
(i) 1,902, but it is noted that as at 15 October 2010, a further 1,891 new social houses have been delivered by the Department since the Government came to power.
(b) As provided in (a) above, the Department of Housing sells a large number of properties throughout each year. It is a waste of Government time and resources to provide this level of research for the Member when the information is publicly available via Landgate.
(i) Yes, the Department has applied GST at the standard rate of 10% on the sale of all 'new residential properties' and land. Where the sale of residential properties or land have been negotiated under the 'Margin Scheme' provisions, GST has been charged on 1/11
th
of the margin for supply, which is the amount by which the sales price exceeds the purchase price paid for the residential property or land.
Other residential property not falling within the definition of 'new residential property' is 'input taxed' which prescribes that no GST is payable on these supplies. Therefore the Department has not charged GST on these supplies.
(ii) Not Applicable
SBDC
(a)No properties, including land, have been sold in the last 12 months.
(i) Not applicable.
(b) (i) and (ii) Not applicable.
WAIRC
(a) - (b) (ii) Nil, Not Applicable
WorkCover
(a) - (b) (ii) Nil, Not applicable
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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