On Thursday 23 January Queensland Property Council Executive Director Jess Caire and Deputy Executive Director Allan McNeil spoke at the Parliamentary committee hearing on the Revenue Legislation Amendment Bill 2024. Â
The Bill was introduced to Parliament on 12 December 2024 and the Property Council made a submission welcoming the Bill, including abolishment of stamp duty for first home buyers and changes to allow first home buyers to rent out a room.Â
While our submission welcomed the changes within the Bill, it also encouraged the government to review the impact of how AFAD and FLTS are applied to Australian-based businesses, which penalise local developers who leverage international capital. Â
To see our submission, please click here.Â