The Property Council’s State Budget submission identifies a raft of initiatives that support the Government’s Fiscal Action Plan and encourage WA’s growth, including:
- Engage with other governments to eliminate inefficient state taxes.
- Reduce inefficient transaction taxes starting with stamp duty.
- Review the land tax system to distribute the tax burden more equitably.
- Support full private certification of building permit applications and private certification of planning approvals.
- Establish an independent infrastructure coordination body.
- Fund WA’s Economic and Employment Land Strategy.
- Support the introduction of layered strata schemes and lease-hold strata titles.
- Use Royalty for Regions to fund state-wide economic infrastructure.
- Use the Future Fund to support WA’s infrastructure shortfall.
- Establish a Green Forecast Fund to support upgrades to older commercial buildings.
- Fast-track a strategy to sell government-owned assets to fund infrastructure.