On 31 October 2017, the Victorian Government introduced the State Taxation Acts Further Amendment Bill 2017 into the Victorian Legislative Assembly and was read a second time the following day. It will amend various taxing statutes, in the ways and from the commencing dates set out below.

  1. Part 2, which amends the Congestion Levy Act 2005 in relation to exemptions for certain parking space, comes into operation on the day after the day on which this Act receives the Royal Assent.
  2. Section 5 of Part 3, which amends the Duties Act 2000 in relation to the imposition of foreign purchaser additional duty on a dutiable transaction to which a concession applies, is taken to have come into operation on 1 July 2015.
  3. Section 6 of Part 3, which amends the Duties Act 2000 in relation to the calculation of the first home buyer concession, comes into operation on the day after the day on which this Act receives the Royal Assent.
  4. Part 4, which amends the Fire Services Property Levy Act 2012 in relation to the service of documents, comes into operation on the day after the day on which this Act receives the Royal Assent.
  5. Division 1 of Part 5, which amends the Land Tax Act 2000 to extend the exemption for absentee owners to absentee trusts and to clarify the way the absentee owner surcharge is imposed where the land ownership involves a subtrust structure, comes into operation on the day after the day on which this Act receives the Royal Assent.
  6. Division 2 of Part 5, which amends the Land Tax Act 2000 to make further provision for the circumstances in which certain land is exempt, comes into operation on the day after the day on which this Act receives the Royal Assent.
  7. Part 6, which amends the Payroll Tax Act 2007 to extend the exemption for wages paid to new entrants to “for profit” organisations declared to be an approved group training organisation, comes into operation on 1 July 2018.
  8. Part 7, which amends the Taxation Administration Act 1997 in relation to permitted disclosures of information and to make further provision for the service of documents, comes into operation on the day after the day on which this Act receives the Royal Assent.
  9. Part 8, which amends the Unclaimed Money Act 2008 in relation to the service of documents, comes into operation on the day after the day on which this Act receives the Royal Assent.
  10. Division 1 of Part 9, which amends the Valuation of Land Act 1960 to provide for general valuations to be made each year and for the Valuer-General to conduct all valuations under that Act, unless a council nominates to cause a general valuation to be made, comes into operation on the day after the day on which this Act receives the Royal Assent.
  11. Division 2 of Part 9, which makes consequential amendments to certain other Acts as a result of the amendments made to the Valuation of Land Act 1960 by this Act, comes into operation on the day after the day on which this Act receives the Royal Assent.
  12. Part 10, which amends the Victorian Civil and Administrative Tribunal Act 1998 in relation to the taxing Acts to which that Act applies, comes into operation on the day after the day on which this Act receives the Royal Assent.

 

 

[Victorian Legislation website: Bill Tracker; Bill; EM; LTN 210, 2/11/17; Tax Month Nov 2017]

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