❓ Hon Barry House questions the Treasurer regarding land tax levied on the sale of properties linked to the collapsed Newrose Holdings, specifically questioning the rate applied and why individual circumstances weren't considered. The Minister representing the Treasurer, Hon Kim Chance, cites taxpayer confidentiality as the reason for not providing specific answers.
AnsweredQoN 1076Legislative Council
QuestionView source ↗
In relation to the recent sale of lots 29 and 30 Trafalgar Road, East Perth - (1) How much land tax was collected on the sale? (2) Why was the higher rate of land tax levied, as if the properties were owned by the former Newrose Holdings Pty Ltd, which does not now exist following the collapse of the mortgage broking industry? (3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE
AnswerView source ↗
I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(1) How much land tax was collected on the sale? (2) Why was the higher rate of land tax levied, as if the properties were owned by the former Newrose Holdings Pty Ltd, which does not now exist following the collapse of the mortgage broking industry? (3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(2) Why was the higher rate of land tax levied, as if the properties were owned by the former Newrose Holdings Pty Ltd, which does not now exist following the collapse of the mortgage broking industry? (3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(1) How much land tax was collected on the sale? (2) Why was the higher rate of land tax levied, as if the properties were owned by the former Newrose Holdings Pty Ltd, which does not now exist following the collapse of the mortgage broking industry? (3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(2) Why was the higher rate of land tax levied, as if the properties were owned by the former Newrose Holdings Pty Ltd, which does not now exist following the collapse of the mortgage broking industry? (3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(3) Given that these properties could not be sold for several years because they were under the control of the supervisor appointed by the Government, why was the land tax assessed on the defunct company structure and not at a reduced rate, which would apply to the individuals caught up in the collapse of Global Finance Pty Ltd? Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
Hon KIM CHANCE replied: I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
I thank the member for some notice of this question. (1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
(1)-(3) The Commissioner of State Revenue has advised that the confidentiality provisions of the Taxation Administration Act 2003 prevent the release of information pertaining to the affairs of an individual taxpayer.
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