NSW Premier Dominic Perrottet had argued strongly for stamp duty to be replaced by a broad-based land tax in his previous role as the state’s treasurer. Perrottet reaffirmed his commitment to tax reform in his first press conference after replacing former premier Gladys Berejiklian.
However, Treasurer Matt Kean has distanced himself from the proposal, instead indicated that there are a range of options to increase housing affordability:
“There are other ways to improving housing affordability and this may be one lever which we could consider,” Mr Kean said, adding axing stamp duty was “Premier Perrottet’s preferred method”…