Recent research commissioned by the Property Council of Australia reveal that Property is now Australia's biggest industry with a contribution to GDP at 11.5% and is second only to healthcare and social assistance in workforce size. The Government wants to stimulate productivity in our economy and this is why the current Tax Reform White Paper process is so important. The opportunity to bargain with the States to remove Stamp Duty should not be wasted. Stamp Duty is a direct hit to the industry and impacts housing affordability. Finding the right alternative to this inefficient tax should be a priority in the current Tax Reform process.