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Qld budget winners and losers

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AAP Source: AAP

Who wins and who loses in Queensland Treasurer Curtis Pitt's second state budget.


Published

Updated

By Justin Park

Source: SBS



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Who wins and who loses in Queensland Treasurer Curtis Pitt's second state budget.


WINNERS:

* REGIONAL QUEENSLAND: $100m for "back to work" jobs package for regional Queensland plus a five-year $77.9m rural assistance and drought package

* PUBLIC TRANSPORT USERS: $229.9m over four years to reduce public transport fares, plus a $50m downpayment for Brisbane's Cross River Rail

* FIRST HOMEBUYERS: First Home Owners' Grant for newly constructed dwellings to increase from $15,000 to $20,000 for 12 months

* INNOVATORS: An additional $225 million for the Advance Queensland program to encourage development of innovative products and drive innovation in regional Queensland

LOSERS:

* FOREIGN PROPERTY INVESTORS: Foreign buyers of residential property to be hit with a 3 per cent surcharge, a move the Property Council has warned will increase costs to homebuyers

* TAX DODGERS: Office of State Revenue to increase compliance relating to key taxes, such as land and payroll tax, and crack down on taxpayers incorrectly claiming to be not-for-profit organisations.

(Source: Queensland Treasury)

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