b'JULY 2020Government and councils have also raised the all options were on the table after the state spectre of Value Capture, which would be collectedwas battered by the summer bushfire crisis, through Planning Agreements or more formala downturn in the construction industry and contribution plans and policies. COVID-19.While the property market was in a bullish phase,We have people whove entered Centrelink who there were few consequences to an inefficient taxhave never in their entire lives thought they would system. As property prices rose, revenue from Stampever go into a Centrelink for assistance. I want to Duty, Land Tax, Payroll Tax and GST also rose.see the treasurer seize this opportunity, we stand But the NSW Treasurer, Hon Dominic Perrottet MLA,ready to work in partnership. I want to work with saw trouble coming well before COVID-19 hit ourhim to improve the economy, create jobs, attract economy. Treasurer Perrottet was acutely aware thatinvestment. 1by the end of 2019, the rate of housing approvalsThe wheels have started to turn. NSW Productivity flowing through the planning system had dried toCommissioner Peter Achterstraat has been a trickle and was at levels not seen since 2011 incommissioned to lead a review of infrastructure the post GFC period. Without approvals, there is nolevies, fees and charges. This review will also construction. Without construction, there is no GST,consider the cumulative impact of all the taxes on no Payroll Tax or Stamp Duty. More importantly,the supply and price of new homes in NSW. Treasurer Perrottet recognised that propertyUrban Taskforce welcomes the current bi-development and construction activity producespartisan approach to tax reform and supports the over 10% of Gross State Product and makes a hugeProductivity Commissions comprehensive approach contribution to the economy. to reform, informed by detailed policy.Treasurer Perrottet raised the need for tax reform inIn the spirit of the pursuit of genuine reform, this late 2019, but it was when COVID-19 hit our shores inspecial policy edition of Urban Ideas puts the case March 2020 that he very publicly floated the idea offor reform of the tax system applying to the NSW Stamp Duty and Payroll Tax reform. Support cameproperty market.UrbanIdeasfrom the Victorian Treasurer, Hon Tim Pallas MP, then from the Commonwealth Treasurer Hon Josh Frydenberg MHR and even from the NSW Labor Opposition Leader Jodie McKay MLA and Shadow Treasurer, Walt Secord MLC, who said:We have people whove entered Centrelink who have never in their entire lives thought they would ever go into a Centrelink for assistance. I want to see the treasurer seize this opportunity, we stand ready to work in partnership. I want to work with him to improve the economy, create jobs, attract investment.41 (AAP 3 May 2020)'