The Liberals’ Brendan Smyth is finding much fault with the taxing of windfall property gains when land is rezoned:
ACT Shadow Treasurer Brendan Smyth said today Andrew Barr’s Lease Variation Charge has done nothing more than stifle the development sector and short-change Canberrans, while not delivering the revenue expected, revenue promised to fund the Urban Improvement [...]
It seems a simple enough premise. If people buy land with one lease purpose, at a value to suit that purpose, they get a windfall if the Government agrees to vary the lease purpose to something more lucrative.
Rather than bank the money from having an amenable government it seems manifestly self evident a part of [...]
Apart from the appalling spelling it is difficult to work out what the varitation is.
Would it be so hard to put the details on the sign along with the paragraphs and paragraphs of legal guuph?
The Greens’ Meredith Hunter is celebrating success in her amendments to the Planning and Development (Lease Variation Charges) Bill.
“The lease variation charge is premised on the idea that developers should pay for the rights they are being granted by the community. The greens very much agree with this principle and our amendments ensure that this [...]