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“Fear of the unknown” amid ongoing uncertainty about the Marshall Government’s looming land tax shakeup is strangling the property market, the sector says, as Treasurer Rob Lucas concedes even his best-case compromise scenario would not be “nationally competitive”.
Business
The Marshall Government will loosen some procurement rules and recruit the state’s anti-corruption body to oversee a less “risk-averse” approach to spending taxpayer dollars.
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Spouses and partners who jointly hold investment properties could face higher land tax bills under the Marshall Government’s controversial aggregation reforms – and one of its own ministers could be burned by the changes.
EXCLUSIVE | The Marshall Government will decide by the end of the year whether to privatise Service SA centres across the state, under a prospective sell-off of the Motor Vehicle Registry.
Rents could rise for small businesses as a result of proposed land tax changes, Treasurer Rob Lucas has conceded, as the Marshall Government faced another day of backlash over the contentious budget saving and the Liberal Party was forced into an embarrassing apology.
State Liberals are preparing for a party-room showdown on contentious land tax changes as the cabinet today closed ranks, with one frontbencher declaring it was too early to know the full impact of the controversial budget saving.
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