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Landowner group Taxed Out welcomes today's announcement by Planning Minister Matthew Guy that he has introduced a Bill into Parliament that will reform the Growth Areas Infrastructure Charge (GAIC) making it fully payable by developers at the time development takes place.
Today's announcement that the Coalition Government will charge the GAIC fully at the statement of compliance stage is good news for landowners, developers and home-buyers, said Michael Hocking, Chairman of Taxed Out Inc.
"This is clearly the fairest and most efficient method of collecting development charges and brings Victoria in line with the rest of Australia," said Mr. Hocking.
"These amendments reinstate property rights the Brumby Government took from families and the elderly living on the outskirts of Melbourne."
Mr. Hocking thanked the Coalition Government for taking the time to listen to landowners, commit to a just policy and implement changes to Labor's ill-conceived upfront GAIC charge which had caused so much anguish.
"Since Labor announced its upfront GAIC policy in December 2008 Taxed Out members have witnessed properties failing to sell, contracts of sale falling through and mortgage finance refused," said Mr Hocking.
Mr Hocking said some landowners have unwittingly triggered the GAIC and now owe the State Revenue Office hundreds of thousands of dollars.
"None of this would have occurred if Labor had listened to community concerns," said Mr Hocking.
"Instead they arrogantly introduced an upfront GAIC tax unlike any other in Australia and registered it on freehold property titles, effectively taking a mortgage over the land."
Media contacts: Michael Hocking 0400 248 099 (Chairman) Greg Heffernan 0439 974 523 (Northern region) Nola Dunn 0421 108 007 (Western region)
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