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“The reduction in the threshold for payroll tax will see more businesses pay this tax, which is a disincentive to expand and employ more people,” said HIA Executive Director for ACT & Southern NSW, Greg Weller.
“The 8% duty on all vehicles over $80,000 will be a real blow to builders and tradies, with typical work vehicles costing more than this threshold.
“Fees that are going up include commercial waste, the building levy, traffic management fees, construction licence fees and vehicle registration. Along with an increase in commercial rates, all of these will add to the cost of housing.
“The Health Services Levy will also be applied to any business that has an office or other premises in Canberra.
“We have concerns that these imposts combined will further encourage builders to relocate across the border.
“Earlier this year HIA released an independent report from the Centre for International Economics (CIE) that demonstrated almost half the cost of a house and land package is taxes, fees and regulatory costs.
“In the ACT the figure is 47%. These changes will not help that equation.
“We would have liked to see more support for business in the 2025/26 budget than this. You will never tax your way to a stronger economy,” concluded Mr Weller.
The Housing Industry Association has warned that recycled proposals to restrict negative gearing or reduce the capital gains tax discount risk worsening Australia’s housing shortage by reducing investment into new housing supply.
The Federal Government today outlined a strong productivity focused agenda in this year’s Federal Budget, with targeted measures to support housing delivery and small business growth — reflecting long standing advocacy from the Housing Industry Association (HIA).
Earlier this year the Victorian government released for public consultation proposed regulations for minimum financial requirements (MFR). The MFR are an important part of the Victorian government’s Buyer Protection reforms which are scheduled to commence on 1 July 2026.
crystalline silica (RCS) to 0.025 mg/m3 under the model WHS laws has been rejected.