The South Australian Government has announced it will allow film and TV producers to apply for the provisional payroll tax exemption before their film or television program is made. The SA Minister for the Arts said that under the current provisions, there can be uncertainty about whether the exemption will be approved, meaning producers carrying…
A taxpayer (a company Incorporated in NSW) which filed objections to assessments for payroll tax imposed by the Payroll Tax Act 1971 (Qld) on 17 October 2011 for the 2009, 2010 and 2011 years for over $5m (including penalties) has been successful before the Supreme Court of Queensland in seeking an order under s 30…
The State Taxation and Other Acts Amendment Bill 2012 (Vic) was on Tue 23.10.2012, introduced into the Victorian Legislative Assembly. It proposes to amend the Land Tax Act 2005 (Vic), the Taxation Administration Act 1997 (Vic), the Trustee Companies Act 1984 (Vic), and for other purposes. [LTN 206, 24/10]
The Victorian Treasurer Kim Wells has announced that the Government’s fire services legislation – the Fire Service Property Levy Bill 2012 – is set to become law after it passed the Victorian Upper House, on Thur 11.10.2012. The changes will see the insurance-based fire services levy abolished from 1 July 2013 and a property-based levy…
The Taxation Legislation (Miscellaneous Amendments) Bill 2012 (Tas) was introduced into the Tasmanian House of Assembly on 25 September 2012. It proposes amendments to the following Tasmanian Acts: the Duties Act 2001; the Land Tax Act 2000; the Payroll Tax Act 2008; and the Taxation Administration Act 1997. Key amendments include: amendments to the Duties…
The Payroll Tax (Miscellaneous) Amendment Bill 2012 (SA) was introduced into the SA House of Assembly on 18 October 2012. It proposes 2 amendments to the Payroll Tax Act 2009 (SA) to maintain payroll tax harmonisation with other jurisdictions. The first amendment amends the employee share scheme provisions to reflect amended Commonwealth legislation. The Federal…
The State Revenue Legislation Further Amendment Bill 2012 (NSW) has passed the NSW Legislative Assembly without amendment and has moved to the Legislative Council. Among other things, it proposes various amendments to the Duties Act 1997 (NSW) to: clarify the liability to duty on a transfer of a partnership interest that occurs as a result…
The Tax Practitioners Board (TPB) 2011-12 Annual Report was recently tabled in Parliament. TPB Chairman Dale Boucher said the “TPB is moving into a business as usual environment where we work with the profession to protect consumers and assure the community that registered tax practitioners meet appropriate standards of professional and ethical conduct”. As at…
The Board has also issued Information Sheet TPB(I) 15/2012 (Code of Professional Conduct – Holding money or other property on trust). It was previously issued as Draft Information Sheet TPB(I) D13/2012. Broadly, the Board says property or money will be held on trust where the tax or BAS agent receives money or other property on…
The Tax Practitioners Board (TPB) has issued Information Sheet TPB(I) 16/2012 (Do valuers need to register as tax agents?). Where the service provided by a valuer consists only of providing a valuation of certain assets or other things, and the valuer is not applying or interpreting the taxation laws to determine a client’s tax position,…