Wednesday 19 December 2018

2015 Palaszczuk boasts no Absentee Surcharge to lure foreign investors to Queensland - back-flips in 2017

QLD foreign investor investment property Labor government


How many Queensland Property owners here bought their properties after the Palaszczuk election win in 2015 and prior to the 2017 Budget?

I refer back to a post I submitted below dated 9 October 2018 where I discussed the Victorian 'Inquiry into the State Taxation Acts Amendment Bill 2015', that was released on June 2015 (report No 1, 58th Parliament). The report can be accessed from that post. It relates to examining the impact of the Absentee Surcharge and the reasoning behind it.

Evidence was provided by witness Craig Whatman that the newly elected QLD Premier Palaszczuk declared within a day of the Victorian government's announcement of their new Absentee taxes directed at Foreign Investors, words to the effect of
"Come to Queensland; we are not going to impose this tax" (see page 37 of report).

This comment made by Palaszczuk was directed towards Foreign Investors as an invitation to invest in QLD property, It was clear that she meant Queensland State government were not going to apply an Absentee Surcharge to investors.

I would like to see further evidence of Palaszczuk making this or similar comments, to corroborate witness Whatman's statement, because this is very damning against Palaszczuk.

As we know, in 2017 her Labor government back-flipped on that promise. It is undeniable that many foreign investors between Palaszczuk's 2015 announcement and before the 2017 Budget announcement, on Palaszczuk's word, would have invested into Queensland property instead of Victoria due to their Foreign Investor Absentee Surcharge.

I believe that those investors would have a valid legal case against the Palaszczuk government.

I believe that Australian citizens who bought into Queensland property as well after Palaszczuk's guarantee of "we are not going to impose this tax", would also have a case against the government.

Palaszczuk deceptively lured investors to buy into Queensland property, whilst all along there was a plan hatching to follow Victoria's lead in the 2017 Budget - but also add Australian Citizens to the Absentee Surcharge with the hiked Land Tax at the Absentee rate (reduced threshold).

Palaszczuk's alleged comment is effectively a guarantee of 'safe passage', an open invitation, an assurance of being able to invest into Queensland property without fear of financial loss, without fear of punitive taxes. It was a guarantee that there would be NO ABSENTEE SURCHARGE.

Anyone who bought on her words have been slapped in the face by this black widow and her webs of deceit and lies. She needs to be held to account. This particular piece of evidence needs to be reported.

UPDATED 21 MARCH 2019 - Link added below to article I published on Medium website:
2015-palaszczuk-boasts-no-absentee-surcharge-to-lure-investors-to-queensland-back-flips-in-2017

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