The government is grateful to the members for Hammond, Lee, Schubert, Bragg and Waite, who have given outstanding contributions on this debate. I particularly enjoyed the member for Waite's contribution. I thought that he summarised the bill in an outstanding fashion. He is indeed a fine legislator, and the constituents of Waite have never been better served. He is as equally a fine member as the Hon. Stephen Baker. The last speech was a highlight.
The members for Bragg, Schubert, Hammond and Lee all made fine contributions. There were fine contributions particularly from those on the government side. I thank the member for Lee for his contribution, and I understand in his contribution he raised a number of matters. Given that we have this opportunity between now and the October sittings, we will endeavour to respond to a number of those questions and issues he raised, potentially in clause 1, although we have the estimates next week into the Appropriation Bill. It may well be that a number of those matters are potentially ventilated there, where there are matters of appropriation that touch on those issues relevant to the budget measures bill.
For the benefit of members, the bill traversed a number of issues. It dealt with the payroll tax, remedying deficiencies in relation to the owner-driver exemption and also continuing to allow deductions to be made to the value of motor vehicle allowances to account for business use following changes to commonwealth legislation. Of course, that is important. The bill deals with stamp duty and facilitates the collection of data as a result of the commonwealth government initiatives.
It expands the current stamp duty exemption for family farm transfers to include those involving companies, for reasons that have been outlined by other members, and provides a stamp duty exemption on premiums paid in relation to multi-peril crop insurance policies entered into from 1 January this year. This was a very important measure that the government took to the election. I remember well being in Port Pirie, I think, when the now Premier announced that this would be one of the policies that we took forward. I know this is welcomed by many in the community.
Land tax policies taken to the election by the government are enacted in the bill. The bill increases the tax free threshold, introduces a new tax bracket and marginal tax rate on land tax from 1 July 2020. Indeed, 50,000 land tax ownerships are set to benefit from this measure, including 8,000 that will no longer have a land tax liability. Many constituents in my electorate of Morialta will be grateful for this measure being in the bill, and I certainly encourage the parliament to support it in total.
The second aspect of the land tax changes are those that will inspire increased confidence and increased investment in the South Australian economy, getting the state moving so that we can be all that we can be. There is going to be a lot of that in the years ahead as we continue to expand the pie and build the economy of South Australia. It is an exciting time ahead, I have to say. This is one of those many measures that we are doing to build confidence in the South Australian economy.
In relation to environmental protection, the bill will support environmental protection through the requirement that facilities with underground petroleum storage systems hold an environmental authorisation, which will indeed require a licence fee, which will be in relation to recovering costs that come of things like remediation, groundwater contamination, odour, and soil vapour.
In relation to local government, the abolition of royalties on extractive minerals for council, where the minerals were sourced from council burrow pits and used to build and maintain local roads from 1 July next, I know that this is something that a number of councils have raised. I am sure that it will work well. In relation to mining, we are removing the royalty concession on new mines from 1 July 2020, and the bill provides fair and reasonable transitional arrangements.
The closure of the Office of the Commissioner for Kangaroo Island I do not think will come as a surprise. Kangaroo Island is a tremendously important part of South Australia, as are the people who live on Kangaroo Island and the people who work on Kangaroo Island, and I think of the government benches full of people who have grown up on Kangaroo Island. The Kangaroo Island community is, of course, very well represented in this parliament. Not only do they have a local member of parliament—or at least a member of parliament who represents their local area—they have a slew of members of parliament who have either grown-up on Kangaroo Island or studied on Kangaroo Island, like the Deputy Premier and the Minister for Police, and I think one or two others.
Kangaroo Island is always going to be a priority for the government as a key region that draws in so many international tourists. The need for them to have a commissioner has always been, in my view, less well explained, and we look forward to that work continuing by government in supporting the people of Kangaroo Island and supporting industry, tourism and agriculture on Kangaroo Island without necessarily needing the extra bureaucracy to ensure that it can continue to be supported. This government will support Kangaroo Island without a commissioner.
In relation to the Independent Gambling Authority, I think that the member for Waite put an outstanding contribution forward in relation to this. Of course, the Anderson review has informed the government's policy framework here significantly. I was particularly pleased when I saw the Deputy Premier was in a position to put that on the record earlier this month, which had been awaited for a little while. This bill deals with liquor licensing fees. The revised fee structure has been identified by others, again in relation to the Anderson review.
As to real property, the Registrar-General will be able to recalculate registration fees on transferred land based on the correct value of the land, including on land where stamp duty is not payable in all cases, where fees have initially been paid based on the basis that does not accurately reflect the value of the land. The bill gives the Registrar-General powers to secure a charge against the title for any unpaid stamp duty.
That said, I thank once again the members for Hammond, Lee, Schubert, Bragg and Waite, who have made further contributions on this bill. I look forward to the committee stage, which will take place, I would imagine, in October. A range of information will be available through the estimates, and information that is not available through the estimates we should have available when we debate clause 1 in detail. I commend the second reading to the house.