State Election 2020 Scorecard: Resilient Businesses
The LNP goes some way to meeting AgForce’s calls for improved land tenure security by committing to consult with landholders, traditional owners, the conservation sector and the resource industry on a way forward. If elected they will share a government funded report into removing stamp duty on agricultural insurance products but have not committed to remove that duty.
KAP recognises that multi-peril insurance is important for farmers to be able to safeguard their business and will commit $2 million to research to make multi-peril insurance more affordable for our primary producers.
Queensland Labor is expected to make an announcement on stamp duty but this has not yet occurred. Labor has a policy of improving the management of rural leasehold land by requiring leaseholders to meet suitable environmental targets and will investigate appropriate mechanisms towards this goal. But again, this points to a further regulatory burden placed on rural landholders, an approach AgForce opposes.
The Greens have a policy of instituting ecologically sustainable Land and Water Management Plans for all land uses (cropping, forestry, wetlands, biodiversity corridors, irrigation systems, mining and urban and industrial development) within the regional and state planning frameworks.
No party has committed to enabling removing duties imposed on family succession transfers between trusts – an up-front cost preventing strong regional business from remaining progressive and efficient.