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Parliamentary Questions


Question Without Notice No. 331 asked in the Legislative Council on 22 June 2021 by Hon Dr Steve Thomas

Parliament: 41 Session: 1

FOREIGN BUYERS SURCHARGE — REVENUE

331. Hon Dr STEVE THOMAS to the minister representing the Treasurer:

I refer to the McGowan government's foreign buyers surcharge, which was announced in the 2017 state budget as four per cent and increased to seven per cent in May 2018.

(1) What income has the foreign buyers surcharge raised for each of the financial years 2018–19, 2019–20 and 2020–21?

(2) How many transfers of residential property did the surcharge apply to in each financial year?

Hon STEPHEN DAWSON replied:

I thank the Leader of the Opposition for some notice of the question. The following answer has been provided to me by the Treasurer.

(1) In 2018–19, it was $5 504 212.70; in 2019–20, it was $19 039 018.50; and in 2020–21, as at 31 March 2021, it was $11 706 000.

(2) In 2018–19, it was 208, and in 2019–20, it was 570. The data for 2020–21 will be available at the end of the financial year.