Daily Archives: November 12, 2022

NSW: First Home Buyer Choice Bill receives assent – ‘choice’ to pay either full (upfront) transfer duty or a smaller annual payment – up to $1.5m (or vacant land up to $800k)

The Property Tax (First Home Buyer Choice) Bill 2022 (NSW) has passed all stages without amendment and received assent on 11 November 2022 as Act No 60 of 2022. The Bill implements the First Home Buyer Choice scheme to give eligible first home buyers the choice of a smaller annual property tax payment over a traditional upfront…

Worsley v Tax Practitioners Board – Tax agent failed to comply with tax laws in relation to his own affairs for 3 years – registration terminated (though it doesn’t say for how long)

A tax agent who, among other breaches of the Code of Conduct, was late with lodging income tax returns and quarterly BASs has had his registration terminated. The TPB terminated the tax agent’s registration as it considered he was no longer a “fit and proper person”. The tax agent conceded that he had: failed to comply…