South Australia Election March 2010
Victor P Taffa
South Australia Opposition Leader Isobel Redmond has vowed to dramatically improve the State’s economic performance by raising land tax threshold rates thus ensuring that almost 57,000 South Australians will not pay any land tax should her Liberal team win the March 2010 State election.
Shadow Treasurer Stephen Griffiths has joined with his leader by announcing that from 1 July 2010 a Liberal Government will increase the base land tax threshold from its current level of $110,000 to $250,000.
“This will save all land tax payers, both residential and business up to $420 p.a. Under the change, almost 57,000 land tax payers will no longer pay any land tax. The estimated net cost to the budget (excluding land tax paid on Government owned property) is $31 Million p.a.” Mr. Griffiths said.
In announcing the policy Isobel Redmond set out the case for change by comparing land tax rates for South Australia against that of the other five States.
Land Tax Payable on Selected Property Values ($), 2009-10
Land Value SA NSW Vic Qld WA Tas
150,000 120 0 0 0 0 738
300,000 570 0 375 0 0.1 563
500,000 1,770 2,356 775 0 200 4,838
1,000,000 11,420 10,356 2,975 4,500 700 16,088
1,500,000 29,920 18,356 6,975 12,750 3,200 28,588
2,000,000 48,420 26,356 11,975 21,000 5,700 41,088
2,500,000 66,920 34,356 18,475 29,250 10,600 53,588
3,000,000 85,420 42,356 24,975 37,500 17,100 66,088
Source: 2008-09 State Budgets and State Revenue Offices
”This hinders our interstate competitiveness for prospective migrants and businesses. South Australians pay the highest land tax of all states for most of the land values listed. This cannot be allowed to continue.” Ms. Redmond said.
A State election is looming for March 2010 and Premier Mike Rann has in recent months come under attack for matters that are now before the courts.
The most recent opinion poll results show the following:
Two Party preferred:
The current makeup of the South Australian Parliament is as follows:
Party Seats Held
For Redmond’s Liberal team to take the treasury benches from Labor would require a turnover of no less than 11 seats in order to obtain a working majority on the floor of the House of Assembly.
Under existing political arrangements the National’s lone MP Kaylene Maywald serves as Minister for River Murray in the Rann Cabinet.
Premier Mike Rann is reported to have said that the Liberal’s tax plan is: “Unaffordable and irresponsible.”
The Liberal leader will face enormous hurdles to win the seats required as National issues such as the Carbon Emissions Trading Tax Scheme occupies the minds of voters.