Waste Levy Submission

The Property Council has provided feedback to the Waste Reduction and Recycling (Waste Levy) and Other Legislation Amendment Bill 2018.

Due to take effect in January 2019, the Queensland waste levy will add a $70-$1 charge per tonne to all waste distributed to Queensland landfill sites.

The State Government has introduced advanced payments to local governments, stating the levy will have no financial impacts on households, however, the industry remains concerned about the additional costs that will flow down to households through non-governmental pathways.

Housing Institute Australia (HIA) estimates that $1400 will be added to the cost of a new home, and there is currently no measure implemented to offset these constructions costs.

The Property Council has called for the Government to acknowledge that further measures are needed to offset the additional costs that will be passed down to Queensland households.

This levy also comes in addition to three new or increased taxes through the Queensland Government’s 2018/19 Budget, including the new land tax category for aggregated holdings over $10 million, a more than doubling of the foreign investor tax, and, at a local government level, rates increases well in excess of CPI.

The Property Council will continue its advocacy work to highlight the economic impacts of these additional taxes and charges.