Cost of Living: Land Tax, Payroll Tax and Insurance Stamp Duty Cuts

One Nation Victoria's state cost-of-living policy, published September 2026. The stated commitments are winding back recent land tax increases, lifting the payroll tax-free threshold, abolishing stamp duty on insurance premiums, and reducing regulatory costs built into new home construction. Independent context: economists broadly agree stamp duty on insurance is inefficient, and the Australian Competition and Consumer Commission's insurance monitoring has noted taxes and levies add materially to premiums - so this element has mainstream support. Land tax and payroll tax are among Victoria's largest own-source revenues, so material cuts require offsetting savings or additional borrowing against net debt projected to reach $199.3 billion by 2029-30. The Grattan Institute favours broad-based land tax over stamp duty, which is in tension with winding land tax back. No independent costing showing how the forgone revenue would be replaced has been published. Supporters argue the current settings suppress housing supply, business investment and employment.