The government aimed to unlock housing sites with a 3pc tax on residential land, but the backlash from farmers led to a reconsideration of the plan.
Officials revealed concerns within the Coalition that the tax could unfairly burden active farmers, prompting a delay and legislative revision to protect their interests.
Finance Minister Jack Chambers is facing pressure; after intense discussions, the tax will be deferred and revised, ensuring that farmers using land for agriculture are excluded.
The ongoing revision process coincides with the upcoming National Planning Framework, emphasizing the government’s commitment to address farmers' concerns while balancing land utilization.
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