Property Council of Australia graph comparing Absentee Surcharge Land tax rate to non-Absentee rate - massive difference

The Property Council of Australia released an article on its website 5 July 2017 that reveals a graph that outlines how the new absentee rate compares to the company, trust and absentee rate prior to the Budget as well as the resident (individual) land tax rate. As you can see the Absentee rate rises sharply as the land value rises disproportionately higher than the standard individual rate.
QLD Labor expected to raise $20 Million from Absentees in 2017/2018 financial year. 😡

ABSENTEE LAND TAX SURCHARGE TAKES EFFECT

                                                 Property Council of Australia - graph 

                                                                   Blue line - Individual (non-Absentee rate)

                                                                   Red line - Company, Trust and Absentee rate before July 2017

                                                                   Dotted red line - Absentee rate from 1 July with the added 1.5% surcharge