Concerns raised over Valuation of Land & Other Legislation Amendment Bill

February 2010

The State Government introduced the Land and Other Legislation Amendment Bill 2010 into Parliament earlier this month. The Bill aims to change the way land valuations are undertaken and would result in an increase in the land tax bill faced by property and business owners.

The Bill proposes changes that include:

  • Ensuring the benefits of any lease or any other instrument relating to land, improvements on land, and the benefits of any infrastructure charges or construction are taken into consideration in the valuation;
  • Changes to the objection process so property owners can no longer provide a generic objection in relation to challenging their valuations. Instead would be required to provide information and engage in settlement negotiations before being permitted to instigate court proceedings. Objections to be made within 45 days of valuation;
  • Power for the chief executive to set a lodgement fee associated with objections;
  • In years when a general valuation is not provided, an adjustment factor will be applied to the existing valuation to adjust it to market levels. There will be no grievance rights against this figure, and it will be determined through analysis of property market and submissions from stakeholders.

Chamber of Commerce & Industry Queensland President David Goodwin has written to the Premier expressing members' concern over the Bill and the significant competitive disadvantage it would create by considerably expanding our land tax base. CCIQ's correspondence stressed the need for more opportunity for industry to consult with government on the significant negative impacts that the Bill will have. The Premier has delayed discussion on the Bill, however it could be debated and passed by the State Parliament as early as 8 March.

It is essential that we get as much information to the State Government as we can to ensure this Bill is not passed. CCIQ is seeking feedback from members on the impact that this Bill would have on your business or your members. To have you say email policy@cciq.com.au.

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