Of course the report was never implemented - why would it be when the two political parties that have run the country for the entirety of its existence are stacked full of landowners who would benefit more from allowing land prices to increase unchecked.
Fast forward 48 years to 2021, and with the Greens in government, the Housing for All plan promised a system of Land Value Sharing which would ensure that the state secured a proportion of the increase in market value of rezoned land...