Liberals signal vote against land rent scheme
Source: Australian Capital Territory. Chief Minister. Media release.
"Labor’s innovative land rent scheme would benefit homebuyers to the tune of about $310 a week in reduced mortgage repayments, compared to a benefit of around $10 a week flowing from the Liberal stamp-duty plan, Chief Minister Jon Stanhope said today.
Mr Stanhope said the Liberals had signalled they would vote against the land rent legislation when it was debated in the Assembly later this year, but that their criticisisms of the scheme were based on ignorance and poor homework."