question number five gr Robertson thank
you Mr Speaker my question is to the
minister of Revenue does he agree with
the New Zealand Law Society that quote
this bright line test is a bad idea and
shouldn't be enacted in our view as it
will be ineffective and meeting the
stated policy objective close quotes the
The Honorable Paul Goldsmith on behalf
of the minister of Revenue uh no
supplementary question Mr supplementary
question Grant Robertson why was Mr
Toman from the Law Society wrong when he
described the bright line test
legislation as quote incoherent in quote
and that would rather than capture
speculators it will capture those who
are forced to sell their properties
within 2 years including those who are
involved in mortgage sales The Honorable
Paul godith uh on behalf of the minister
well the the the bright line test
exempts the sale of the person's main
home and it also exempts inherited
properties and properties transferred
under the proper y relationship
settlement and we believe that's an
appropriate Arrangement point of order
Mr Speaker point of order I I don't
believe that did address the question
that I no I I think in this this case it
definitely does the question was why was
effectively this Mr Tom Tomlinson wrong
that gave a very wide Ambit to the
minister to respond nothing to do with
what supplement question supplementary
question Grant Robinson how about you
answer jury how about there that' be
order
order order Grant Robinson supplementary
question why was Peter V New Zealand
leader at shed accountants Australia New
Zealand also wrong when he described the
bright line test legislation as not
sound tax policy arbitrary unfair and
Blunt The Honorable Paul gosouth on
behalf of the minister I'm sure there
are wide varieties of views on all tax
legislation brought before the house and
that's his opinion but the point I would
make uh Mr Speaker is that uh you're the
the the member has a habit of
complaining endlessly about a problem in
this case housing affordability and also
complains endlessly about any efforts to
do anything about the problem and uh
this government is concerned about
getting on with the problem
supplementary Mr you are concerned about
getting on the problem supplementary
question The Honorable Jerry brownley
does the minister consider it strange
that a party that is proposing capital
gain tax is now mounting an attack
against capital gain tax on behalf of
those who don't like capital gain tax
order there is no ministerial
responsibility suppl question whatever
supplementary question Mr Speaker order
I haven't called the member yet
order
order supplementary question Grant
Robertson why was David Snell executive
director government Administration
erston young wrong when he said the
bright line test legislation was unclear
overly complex and that as someone who
does tax accounting for a live living he
found himself professionally confused by
the the government's approach the The
Honorable Paul goldmouth on on behalf of
the minister I cannot explain why that
uh particular gentleman is
professionally confused but I would say
uh that the bright line test will catch
property speculators who buy and sell
property quickly that is the object and
will help ensure that property
speculators pay their fair share of tax
and I'm surprised that that your this
party is not supporting that
supplementary question Mr Speaker suppl
question Grant Robertson in light of
that answer is it correct that treasury
advised minister is that a short bright
line test of less than 5 years would be
easily planned around and would not work
and that there should not be
retrospective legislation both of which
pieces of advice the government
ignored uh The Honorable Paul goldsman
Mr Speaker uh the the point I would make
in relation to that is that properly
speculators should already be caught
under the current tax uh rules for land
sales and the bright line test only uh
serves primarily serves to make sure
that the uh that there's no uncertainty
as to what the intention is of the
property point of order Mr speak point
of order my question
asked I'm going to allow the member to
repeat that question speak is it correct
that treasury order I hope the memb is
not at all questioning a decision I've
just made well be very serious you
you've well I don't I don't mean to
challenge you in any way at well then
I'd advise then I'd advise the member to
resume his seat well well and all I
would say is
that Mr Robertson always says his
question is not answered properly the
minister in that occasion did point out
to I think on Dangerous Ground um the
order no I don't need any assistance I'm
not I'm going to ask order gr Robinson
has twice in this session question
whether it had been asked has question
been addressed I on the first occasion
it was on the second occasion I listened
very carefully to the answer I
acknowledge I might have missed
something I don't believe it was
addressed that's the end of the money
matter I'm allowing the member to ask
the question again supplementary
question is it correct that treasury
advised ministers that a short bright
line test of less than 5 years would be
easily planned around and would not work
and that there should not be
retrospective legislation both of which
pieces of advice the government ignored
the honorable Paul Gman on behalf of the
minister I don't have that information
in front of
me Mr Speaker supplementary question
Grant Robertson isn't it the truth that
rather than treasury the Law Society the
Chartered Accountants of Australia and
New Zealand ernston young KPMG and trip
all being wrong that the bright line
test is in fact deeply flawed because it
was a rushed last minute political
response to a very real problem of
housing speculation that the government
has totally failed to address the
honorable Paul gouth uh no I don't agree
with that assessment of the situation at
all this is this is what the bright line
test is about this government rapidly
addressing a very important issue that
is of great importance to particularly
aucklanders who are concerned about
housing speculation and I'm surprised
that this party that party is not
supporting us in this
effort question number six Dr pjet
Palmer thank you Mr Speaker my