Skip to main content
Home

Parliamentary Questions

Question Without Notice No. 673 asked in the Legislative Council on 25 June 2019 by Hon Robin Scott

Minister responding: Hon B.S. Wyatt
Parliament: 40 Session: 1

Answered on

PASTORAL LEASES — RENT

673. Hon ROBIN SCOTT to the minister representing the Minister for Lands:

(1) Will the minister confirm that the Valuer-General determines pastoral lease rents using a methodology that is based on sales evidence of pastoral leases and an estimated return on the value of the unimproved land held under each pastoral lease?

(2) Is the minister aware of any advice that a rent based in part on an estimated return may constitute a tax on income?

(3) Why have new pastoral rents to be effective from 1 July 2019 not yet been announced?

Hon STEPHEN DAWSON replied:

I thank the honourable member for some notice of the question.

(1) Yes.

(2) No.

(3) The values will not be finalised until 1 July 2019. Lessees will be advised of their new rents after this date.