The Business Names Registration Amendment Regulation 2012 (No 1) and the Business Names Registration (Fees) Amendment Regulation 2012 (No 1) were registered on the Federal Register of Legislative Instruments on 25 May 2012. They make minor and technical changes to the relevant principal regulations. The Amendment Regulations commence on Mon 28.5.2012. The National Business Names…
The Business Names Registration (Availability of Names) Determination 2012 was registered on the Federal Register of Legislative Instruments on 18 May 2012. It contains rules for determining whether business names are identical or nearly identical, characteristics of business names that are undesirable, and words/expressions that are restricted. The Determination commences on 28 May 2012 (ie…
The A New Tax System (Australian Business Number) Amendment Regulation 2012 (No 1) was registered on the Federal Register of Legislative Instruments on 11 May 2012. It amends the A New Tax System (Australian Business Number) Regulations 1999 to implement changes associated with the transferring of business names from the States’ and Territories’ business names…
ACT Treasurer Andrew Barr on Mon 7.5.2012, issued the ACT Taxation Review and the ACT Government’s in-principle response to the Review. The ACT Taxation Review was commissioned by the ACT Government after the release of the Henry Review which highlighted the need for the ACT to review its taxation settings to put it in a…
The 2012-13 SA Budget was handed down on Thur 31.5.2012. SA Treasurer Jack Snelling announced the deferral of the proposed abolition of stamp duty on non-quoted marketable securities and non-real property transfers. He said the Government “will look to reschedule the abolition of these taxes as its fiscal position allows”. Mr Snelling announced that the…
The Tasmanian Budget for 2012-13 was handed down on Thur 17.5.2012. The Tasmanian Treasurer announced that the Government will “increase some taxes in 4 areas where Tasmania’s rates are below those in other states and territories”. The changes are: conveyance duty – the conveyance duty rates and thresholds will be revised with a new top…
The WA Treasurer Christopher Porter on Thur 17.5.2012, delivered the 2012-13 WA Budget which announced a payroll tax rebate for small businesses. Small businesses with a payroll up to $1.5m for the 2012-13 financial year will receive a full rebate of all payroll tax paid in 2012-13. Small businesses with a payroll of between $1.5m…
The NT Budget 2012-13 was handed down on Tue 1.5.2012. The NT Treasurer announced that the Government will defer the abolition of stamp duty on non-land business property including goodwill, licences and intellectual property, previously scheduled for 1 July 2012, until “the budget situation permits”. The NT Treasurer also announced an extension of the BuildBonus…
The Victorian Treasurer on Tue 1.5.2012, delivered the 2012-13 Victorian Budget. The Victorian State Revenue Office (SRO) noted that the Government has announced that it will abolish the duty exemption for grants of Crown land as part of the Budget. The exemption for the dedication of a free and perpetual right of way for the…
The Victorian State Revenue Office (SRO) has issued Payroll Tax Revenue Ruling PTA035 (version 2) (Contractors – 90-day exemption). It explains the operation of the 90-day exemption for contractors under s 32(2)(b)(iii) of the Payroll Tax Act 2007 (Vic). The SRO advises that the Ruling has been reissued to reflect changes in industrial relations law…