News

Nicholls asks Office of State Revenue to look at Ipswich case

State Treasurer Tim Nicholls.
State Treasurer Tim Nicholls. Dave Hunt

STATE Treasurer Tim Nicholls has asked the Office of State Revenue to investigate whether there have been any breaches of land tax laws.

Cr Paul Tully told the QT yesterday that "to avoid ripping off councils and the state government, I am calling on the State Treasurer Tim Nicholls to close the loophole which enables residential land to be artificially classified as primary production land".

Cr Tully is concerned that developers are reducing their land tax and rates payable to the state government and councils by having residential land "artificially" reclassified as primary production land.

MAKING HEADLINES TODAY...

Cyclist critical after being hit by car

Special offer for Ipswich residents to CMC Rocks QLD festival

'Springfield Land Corporation (SLC) is taking Ipswich City Council to the Supreme Court over a dispute regarding new rating categories in the Springfield region, which increased SLC's general rates for 666 hectares of primary production land and restored them to pre-2014 levels.

SLC has placed 1300 beehives on land the corporation owns at Springfield Lakes and adjacent to Brookwater Golf Club after being granted permission by Ipswich City Council.

As reported in Monday's QT, the use of residential land for primary production has the effect of lowering SLC's land valuation from $88.3 million to $22 million.

MAKING HEADLINES TODAY...

No escape for unlicensed drivers with new technology: Police

Suspended sentence for banned driver

In SLC's case, Cr Tully said the land tax and rates loophole would cost council and the state an estimated $20 million over 10 years.

There is no suggestion SLC has done anything illegal on its land.

In a statement the corporation told the QT that "nearly $300,000 was…invested in establishing the primary production business involving native bees".

"The primary production activity was assessed by the Queensland Office of State Revenue and deemed to be a legitimate and fitting use of the land in question".

MAKING HEADLINES TODAY...

'Silly' traffic offences costly for teenager

Court case could set precedent for all councils, says Miller

Cr Tully said that SLC had discovered a major loophole to reduce it annual rates bill in Ipswich by almost $750,000 and its annual state land tax bill by an estimated $1.3 million

The application of land tax is based on the valuation provided by the Valuer General. Land tax is administered by the Office of State Revenue within Queensland Treasury and Trade.

When asked about the issue raised by Cr Tully in general terms, a spokeswoman for Mr Nicholls' office said that "the land tax provisions apply equally to all landowners".

"The Treasurer has asked the Office of State Revenue to look into whether there have been any breaches," the spokeswoman said.

Topics:  ipswich city council springfield land corporation treasurer tim nicholls



New speed camera trailers about to lower tolerance

An allegedly speeding motorist is captured on the new trailer-mounted cameras.

Almost 650 speedsters caught in first three weeks

Old Ipswich courthouse to face the wrecking ball

The old Ipswich Courthouse has been set for a facelift for more then two years.

Developers consider knocking down $3.3 million 'ugly' building

NEW: ALDI confirms opening date of seventh Ipswich store

NEW STORE: Aldi will soon open its seventh store in Ipswich.

Aldi is preparing to open its seventh store in Ipswich

Local Partners

Gatton family claims game show success

A GATTON family walked away with more than $11,000 after an exciting three-night run on game show Family Feud.


How cyclists could peddle funds into community

BIGGER AND BETTER: Bicycle Queensland has partnered with Somerset Regional Council.

BIKE riders set to flock to the region later this year.

Big flicks could soon be seen at major shopping centre

PROPOSED DEVELOPMENT: The Mt Ommaney Shopping Centre have lodged an application with the Brisbane City Council to build a new cinema and entertainment precinct.

New entertainment and dining options have residents excited.

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

Why Emma Watson turned down Cinderella

Emma Watson in a scene from the movie Beauty and the Beast.

HARRY Potter star has standards when it comes to Disney princesses.

Wonder Woman a ‘disjointed disaster’, says DC insider

Gal Gadot in a scene from the movie Wonder Woman.

INSIDER says the much-hyped blockbuster will disappoint.

Kid nails Swift impersonation

Seven-year-old Xia Vigor nails Taylor Swift impersonation on the Philippine talent show Your Face Sounds Familiar Kids.

TAYLOR Swift has a seven-year-old doppelganger.

Ariana Grande 'hardest working 23-year-old on Earth'?

Ariana Grande

Not everyone was impressed with Grande’s self-proclaimed work ethic

Why The Walking Dead cast are paid a pittance

Despite massive ratings the cast haven't been shown the money

50 Shades Dornan on why he hates the film

Dornan and Johnson’s frequent sex scenes were ‘awkward’ to film. Picture: SuppliedSource:Supplied

Jamie Dornan doesn’t blame you for hating 50 Shades

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Looking back, looking ahead in Noosa

NEVER-ENDING GLORY: Looking towards Laguna Bay and Hastings St from Noosa National Park.

Natural appeal of Noosa continues to attract buyers

NEW: ALDI confirms opening date of seventh Ipswich store

NEW STORE: Aldi will soon open its seventh store in Ipswich.

Aldi is preparing to open its seventh store in Ipswich

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

Ready to SELL your property?

Post Your Ad Here!