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Katy and Zed scrap on change of use

By johnboy - 19 April 2011 8

This morning Treasurer Katy Gallagher let rip at Zed Seselja for his much touted “industry roundtable” on change of use charges.

“The Government has been consulting with stakeholders over this issue for over two years now and has reached a point where we are now ready to move forward,” the Treasurer said.

“Since 2009 we have been officially consulting over the issue of codification and two reports have been produced, the Nicholls Report, and the Piggott Addendum.”

Apparently all you need to know about the consultation can be found on the Treasury website.

Zed has now returned fire:

Just in the last couple of weeks the Treasurer, Katy Gallagher, has been in secret consultations with only selective industry groups on a Bill for Labor’s massive tax increase on units, that contains substantial changes from the last time this was discussed publically, Leader of the Opposition Zed Seselja said today.

In today’s sprawling and vindictive press release, Ms Gallagher is misleading the public about the level of consultations she has had with the community and key stakeholders.

“Only in the last couple of weeks have selective industry groups been shown a copy of the draft Bill, that has seen substantial changes since the last consultation process with industry,” Zed said. “To suggest consultation has been broad on what the final changes will be is misleading.

Who can be the best buddy of the development community?

What’s Your opinion?


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8 Responses to
Katy and Zed scrap on change of use
aidan 11:47 am 20 Apr 11

Thumper said :

pretty simple I tell him to go to bed, listen to his feedback and make him go to bed

Sounds pretty similiar to the approach taken by the current ACT government 🙂

If there was no bed, yes it would be very similar.

georgesgenitals 11:43 am 20 Apr 11

From the executive summary:

“Concerns have been raised in relation to the potential impacts such as, decrease in the
developers’ profits, increase in dwelling prices, and/or drop in land values. The report
examines the four ways that a developer may pass on any increased cost including:
? the property owner (through a reduced price for the property);
? the developer (through a lower profit and risk ratio);
? the end user (through higher prices paid for the property); or
? a combination of the above.

So, I wonder if and by how much this will drive up property prices? Bear in mind that simply suggesting that a developer reduce profit doesn’t always work, because many financial institutions won’t finance a project unless a minimum profit margin is met (around 20% I think). As such, development will likely slow down, and as such less new stock will come onto the market.

Hopefully govco have been careful – prices are high enough now without additional upward pressure.

Thoughts?

Thumper 10:34 am 20 Apr 11

pretty simple I tell him to go to bed, listen to his feedback and make him go to bed

Sounds pretty similiar to the approach taken by the current ACT government 🙂

colourful sydney rac 10:13 am 20 Apr 11

Chop71 said :

colourful sydney racing identity said :

Thumper said :

The Government has been consulting with stakeholders

and since when has this actually made any shred of difference?

Consulting is such a meaningless word.

agree – I consult my toothbrush each morning

I consult my 3 year old about going to bed each night – pretty simple I tell him to go to bed, listen to his feedback and make him go to bed.

Chop71 10:10 am 20 Apr 11

colourful sydney racing identity said :

Thumper said :

The Government has been consulting with stakeholders

and since when has this actually made any shred of difference?

Consulting is such a meaningless word.

agree – I consult my toothbrush each morning

colourful sydney rac 10:01 am 20 Apr 11

Thumper said :

The Government has been consulting with stakeholders

and since when has this actually made any shred of difference?

Consulting is such a meaningless word.

Thumper 9:50 am 20 Apr 11

The Government has been consulting with stakeholders

and since when has this actually made any shred of difference?

colourful sydney rac 9:31 am 20 Apr 11

‘sprawling and vindictive press release’? Zed would do better to employ someone who can write press releases that don’t make him look like a snarky sod.

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