That ACT Labor double-dip on "stamp duty swap for rates" ?

tim_c said :

Er, wasn’t that the arrangement with GST? States/Territories would get the GST revenue from 1 July 2000 and in turn would abolish stamp duties from 1 July 2001 (a year later)?!

Best not to get your hopes up!

No. The deal was that a review would be made by 2005 to see if stamp duty on non-residential conveyances should be kept. I’m guessing the outcome of that review was: yes.

Er, wasn’t that the arrangement with GST? States/Territories would get the GST revenue from 1 July 2000 and in turn would abolish stamp duties from 1 July 2001 (a year later)?!

Best not to get your hopes up!

LABOUR AND GREENS = TRIPLE RATES

*moved to jerra*

*turns into cashed up bogan*

Hey why not put a link to the article so we can see the important bits you didn’t mention? Such as:

1. This is only a proposal. It’s going to be “presented” to the Federal treasurer on the 8th December. I’d have a go at predicting his response but that’ll get my comment moderated.

2. The proposal is to cut stamp duty by 50% so we’d still have to find a replacement for the other half.

3. It’s proposed to fund the cut by using the expected bracket creep. So in other words you’ll still be paying, just in the form of income tax instead of rates or stamp duty.