The Tax Administration and Tax Agent Services Legislation Amendment Regulation 2013 was registered Mon 17.6.2013. It amends the Corporations (Fees) Regulations 2001, Tax Agent Services Regulations 2009 and Taxation Administration Regulations 1976 to: allow the Tax Practitioners Board (TPB) and ASIC to more easily share information. This, in part, enables the TPB and ASIC to…
The First Home Owner Grant Amendment Bill 2013 (ACT) was introduced into the ACT Legislative Assembly on 6 June 2013. It proposes legislative amendments to increase the ACT First Home Owner Grant to id=”mce_marker”2,500. The amendments will also retargeted the grant to new and substantially renovated properties only. The measures were announced in the ACT Budget 2013-14…
Bill introduced The Revenue Amendment and Trade and Investment Queensland Bill 2013 (Qld) was introduced in the Qld Legislative Assembly on 4 June 2013. It proposes amendments to the Duties Act 2001 (Qld) and the Fire and Rescue Act 1990 (Qld) to implement the revenue measures announced in the Qld Budget 2013-14 concerning insurance duty and the…
The Tax Laws Amendment (2013 Measures No 2) Bill 2013 was recently amended by the House of Reps to remove from the Bill the provisions that proposed to create a new regulatory regime within the Tax Agent Services Act 2009 (TASA) for entities (individuals, partnerships and companies) in the financial services industry that give tax…
The First Home and Housing Construction Grants (Budget 2013) Amendment Bill 2013 (SA) was introduced into the SA House of Assembly on 6 June 2013. It proposes legislative amendments to extend the Housing Construction Grant (HCG) for a further 6 months as announced in the SA Budget 2013-14. The extension of the HCG means that home-buyers who…
The Qld Budget 2013-14 was handed down Tue 4.6.2013. Revenue measures announced included: the second payroll tax threshold increase from id=”mce_marker”.1m to id=”mce_marker”.2m will be deferred 2 years to now take effect from 1 July 2015 rather than 1 July 2013. (During the 2012 Qld election, a commitment was made to increase the payroll tax threshold from id=”mce_marker”m to…
The Payroll Tax Amendment Bill 2013 (ACT) was introduced into the ACT Legislative Assembly on Wed 5.6.2013. It proposes to amend the Payroll Tax Act 2011 (ACT) to bring the operation of that Act into greater harmonisation with the jurisdictions. The amendments will commence on the day after the Bill’s notification. [LTN 107, 5/6/13]
The transcript has been released of the 12 June 2013 hearing of the inquiry by the Parliamentary Joint Committee On Corporations and Financial Services into the now removed Schedules 3 and 4 of the Tax Laws Amendment (2013 Measures No 2) Bill 2013, which proposed a regulatory framework to make financial planners who give tax advice subject to…
The SA Budget 2013-14 was handed down on Thur 6.6.2013. SA Premier and Treasurer Jay Weatherill confirmed his earlier announcement of a temporary payroll tax rate for employers with taxable payrolls up to id=”mce_marker”.2m. A concessional tax rate of 2.5% will apply to annual taxable payrolls of $600,000 to id=”mce_marker”m. The concession will phase out to…
Introduced on 18.6.13 The State Revenue and Other Legislation Amendment (Budget Measures) Bill 2013 (NSW) was introduced into the NSW Legislative Assembly on Tues 18.6.2013 also. The Bill proposes to amend the Payroll Tax Act 2007 (NSW), the Payroll Tax Rebate Scheme (Jobs Action Plan) Act 2011 (NSW), and the First Home Owner Grant (New…