Lower Costs

Welcome support for Marshall Government’s land tax reform

The Marshall Liberal Govenrment has welcomed the groundswell of community and business support for its historic land tax reforms, which will put $70 million back into the pockets of tens of thousands of hardworking South Australians over three years.

Paradise teacher Lynnette Deguglielmo, and her husband Dominic, who own several investment properties and currently pay land tax on an aggregated basis, say they will save thousands of dollars on their land tax bill under the proposed changes.

Billions of renewable investment rests on interconnector

Minister for Energy and Mining Dan van Holst Pellekaan has welcomed renewable energy giant Neoen’s commitment to the Goyder South hybrid renewable energy generator with grid scale storage, and highlighted the importance of SA-NSW interconnector to the viability of the project.

“Neoen’s plan for the enormous Goyden South project is a resounding endorsement of the interconnector and the Marshall Government’s policies for cheaper, more reliable and sustainable power,” said Minister van Holst Pellekaan.

Big savings for ‘mum and dad’ investors as vast majority - or 92% - to pay less land tax, as top rate slashed to 2.4%

The Marshall Liberal Government has tonight announced details of its bold land tax reform package – including an immediate slashing of SA’s top marginal tax rate from the highest in the nation at 3.7% to just 2.4% (which is the average of all mainland states) – which will benefit tens of thousands of South Australians who will pay either less or no land tax at all.

Big savings for ‘mum and dad’ investors as vast majority - or 92% - to pay less land tax, as top rate slashed to 2.4%

The Marshall Liberal Government has tonight announced details of its bold land tax reform package – including an immediate slashing of SA’s top marginal tax rate from the highest in the nation at 3.7% to just 2.4% (which is the average of all mainland states) – which will benefit tens of thousands of South Australians who will pay either less or no land tax at all.

'Intolerable, unfair’ system as 22,300 property ownerships shoulder the land tax burden

Detailed analysis conducted by Treasury has now revealed that 22,300 property ownerships comprising individuals, companies and trusts in South Australia own multiple properties and are already paying land tax on aggregated land values.

Put simply, this means that many South Australians have continued to invest in property even though they might be paying land tax at our currently uncompetitive top land tax rate of 3.7%.

VPP batteries bank bigger savings for SA households

Home batteries are about to become even better value for South Australians with Tesla the latest company to combine the State Government’s Home Battery Scheme (HBS) with the benefits of a virtual power plant (VPP) to offer cheaper electricity to homeowners.

The Marshall Government’s HBS is creating outstanding opportunities for South Australian homeowners to slash their electricity bills by combining the battery subsidy of up to $6,000 with the benefits of being a member of a VPP.

German supermarket giant breaks ground on first Australian stores

One of the world’s largest retailers, Kaufland, has broken ground today to commence construction of its first South Australian supermarket in Prospect, their first outside of Europe.

The multi-million-dollar development, on a 24,000sqm vacant site, will feature a Kaufland supermarket, food hall, outside dining area and support tenancies.

The company has also secured planning approval for another Adelaide store on the former Le Cornu site on Anzac Highway at Forestville and has another development application currently being assessed.

Light at the end of tunnel for electricity consumers

The Marshall Liberal Government has welcomed an average 3 per cent fall in electricity prices for households and small businesses on market contracts during the past financial year detailed in ESCOSA’s annual Energy Retail Price Offers Comparison Report released today.

“The $62 fall in household electricity bills for South Australian households is in stark contrast to the $477 increase the Labor Party delivered in its final two years in office,” said Minister for Energy Dan van Holst Pellekaan.

New $6.8 million affordable housing initiative helping low-income South Australians buy a home

The Liberal Government is launching a new $6.8 million affordable housing initiative that will help South Australians with low and moderate incomes – with a focus on older, single women – buy a home and stimulate the building sector.

Recognising older, single women are considered one of the most vulnerable groups in Australia, a new program called Assist will help this cohort more easily break into the housing market as part of the State Government’s Affordable Homes Program.

Generating greater competition in SA

The Marshall Liberal Government has signed two lease agreements with Nexif Energy and Infigen Energy collectively worth $219 million for the state’s nine generating units currently located at Elizabeth and Lonsdale.

“The leasing arrangement will result in taxpayers largely recouping the $227 million cost of Labor’s foolish purchase of the generators and avoiding $267 million in future relocation, conversion and
maintenance costs,” said Minister for Energy and Mining Dan van Holst Pellekaan.