NSW Premier Dominic Perrottet said the budget would provide more opportunity for home buyers but has dismissed large-scale changes to property taxes without federal support.
NSW Premier Dominic Perrottet will raise a proposal to replace stamp duty with land tax at a meeting with the federal government on Friday saying he wants to overhaul the tax but can’t do it without federal assistance.
The government has refused to release details of the proposed reforms, but the Premier said they would focus squarely on affordability and helping to remove hurdles homebuyers face buying a first home. New federal Treasurer Jim Chalmers has shown an initial willingness to discuss tax reform with state premiers including the phasing out of stamp duty. But on Monday, Mr Chalmers almost ruled out compensating the states for property tax reform.
However, spokespeople for both Premier and Treasurer Matt Kean have attempted to pour cold water on reports of an advanced plan to phase out stamp duty, arguing that the budget will include proposals focused on housing affordability which will progress stamp duty reform rather than anything substantive to overhaul the system.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW Premier says 'thank-you' cash bonus will not go to private and aged care nursesThe $3,000 cash bonuses for the 'heroes of the pandemic' will not offered to nurses in the private and aged care sectors, NSW Premier Dominic Perrottet has revealed.
Read more »
Beaches battered by strong winds and surf along the NSW coastPowerful waves up to five metres high are predicted to crash into beaches along the NSW coast on Sunday.
Read more »
Major change for paid parental leave for NSW public sector workersFrom October there will be no distinction between a &x27;primary&x27; or &x27;secondary&x27; carer, meaning every mother and father working in the public sector will be entitled to at least 14 weeks of paid parental leave
Read more »
NSW govt backs in faster rail services between Sydney and Central Coast
Read more »
Extra parental leave for NSW workers who split child-rearing equallyTeachers, nurses and other public sector workers will be able to access 14 weeks’ paid parental leave under a plan aimed at encouraging both parents to spend equal time raising their newborns.
Read more »
What will the teal wave mean for Victorian and NSW state elections?Swings at federal election hint at shifts that could be replicated in state polls due in November and March
Read more »