Removal of Landholder Duty Concessions for Public Landholders
Revenue Legislation Amendment Bill 2023
Legislative Assembly
Legislative Council
Assent
Introduced by: The Hon Paul Scully MP (ALP); The Hon Penny Sharpe MLC (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Damien Tudehope LIB
“The Revenue Legislation Amendment Bill 2023 is an excellent piece of legislation, which the Minister should be rightly proud of, because it was mine. Last year I took both of the bill’s amending provisions to the Expenditure Review Committee, and both were approved. But for the fact that we ran out of parliamentary time, the bill would have been passed last year.”
Abigail Boyd GRN
“On behalf of The Greens, I briefly contribute to debate on the Revenue Legislation Amendment Bill 2023. The Greens support the bill. I thank the Minister, her office and the people responsible within her team for briefing us so well on the bill, talking us through it at great length and answering all my nerdy questions about things that were completely unrelated to the bill.”
Mark Banasiak SFFP
“On behalf of the Shooters, Fishers and Farmers Party, I contribute to debate on the Revenue Legislation Amendment Bill 2023 and add our support for the measures in the bill. The party firmly believes in a low tax environment and limiting the general level of taxation and government intervention in markets.”
Anthony D'Adam ALP
“I make a brief contribution to debate on the Revenue Legislation Amendment Bill 2023. The bill has two objects. One is the removal of a concession in the amount of duty payable by a public landholder, a measure that is set to raise $195 million over three years.”
Daniel Mookhey ALP
“I contribute to debate on the Revenue Legislation Amendment Bill 2023. I reject the shadow Treasurer’s attempt to shut down my freedom of speech when it comes to landholder duty. His invitation to proceed immediately to the reply stage was ill-founded, ill‑considered and part of the cancel culture that he is clearly trying to enact in this House.”
Greg Donnelly ALP
“I contribute to debate on the Revenue Legislation Amendment Bill 2023. The content of this important bill has been covered in reasonable detail, so I will not read through that again. But I direct the attention of the House to the importance of the bill’s long title in grasping what it provides for. We sometimes pass over it pretty quickly.”
Peter Primrose ALP
“I had not planned to speak in debate on the Revenue Legislation Amendment Bill 2023, but I make a short contribution. One of the main reasons is because of the effusive support for the bill that I have heard today. It has been so well supported that it is almost love that is being expressed for this legislation.”
Stephen Lawrence ALP
“I contribute to debate on the Revenue Legislation Amendment Bill 2023. This is the first Government bill to be introduced by the Hon. Courtney Houssos. I am sure it will be the first of many as she continues to make a fine contribution as a Minister. The Government is proceeding with legislating two revenue measures today under the bill.”
Sarah Kaine ALP
“I make a contribution to debate on the Revenue Legislation Amendment Bill 2023. I am not entirely sure how many times I will provide a disclaimer of being very new to this place but I think I have a little way to go on that. Unlike some of my learned colleagues, particularly the Minister for Finance and the Treasurer, I do not have a long history with the bill or in fact this area of taxation law.”
Mark Buttigieg ALP
“I congratulate you, Mr Assistant President, on your elevation. The Revenue Legislation Amendment Bill 2023 is very important. I congratulate my colleague the Hon. Courtney Houssos, the Minister for Finance, on bringing the bill to the House.”
Tara Moriarty ALP
“I speak in support of the Revenue Legislation Amendment Bill 2023. The Government introduced the bill to legislate two revenue measures that were announced by the former Government in the 2022‑23 Half‑Yearly Review. Those measures improve fiscal sustainability, provide fairness and accommodate exceptional circumstances.”
Penny Sharpe ALP
“After waiting all day, I am excited to speak in debate on the Revenue Legislation Amendment Bill 2023. The first point I make is that these measures were announced in the 2022-23 Half-Yearly Review released by the former Government on 7 February 2023. It is incredibly curious that the previous Government factored in money that had yet to be legislated.”
Courtney Houssos ALP
“I begin by thanking the many and learned members who made contributions to debate on the Revenue Legislation Amendment Bill 2023, including the Leader of the Opposition, the Hon. Wes Fang, Ms Abigail Boyd, the Hon. Mark Banasiak and a long list of my colleagues: the Hon.”
News articles and press releases
Revenue Legislation Amendment Bill 2023
Mr PAUL SCULLY, Minister for Planning and Public Spaces — 2023-05-11
First, the bill removes a concession in the amount of duty payable on the acquisition of a public landholder. In New South Wales, a public landholder is a company listed on a recognised stock exchange or a public unit trust scheme that holds land in New South Wales with a value of $2 million or more. Recognised stock exchanges include the Australian Securities Exchange, the London Stock Exchange, the New York Stock Exchange, the New Zealand Exchange, a stock exchange that is a member of the World Federation of Exchanges, or any other stock exchange that is declared to be a recognised stock exchange by order of the Minister published in the Gazette. Landholder duty becomes payable by a person, including an individual or a company, when they, together with their associates, acquire a 90 per cent or more interest in a public landholder.