Foreign Investor Land Tax Surcharge

The announcement today by the Treasurer the Hon Peter Gutwein that State Government would not proceed with the introduction of a foreign investor land tax surcharge is strongly welcomed and supported by the TFGA.

“The Treasurer is to be commended for not only genuinely engaging with stakeholders but listening and acknowledging the issues raised. In many ways this sets the standard for how Governments should develop policy in a well informed and thoughtful manner” said Peter Skillern TFGA CEO

“The TFGA is proud to have advocated strongly for this result and the changes surrounding the definition of a ‘foreign person’. It is through the peak farming body in this State that we ensure that agriculture in Tasmania remains competitive and innovative in an ever-changing world.” Mr Skillern said.

The TFGA will continue to advocate on behalf of our members and will work to ensure that Tasmanian agriculture continues to attract investment and provide decent economic returns for hard working farmers.