WA – Duties Legislation Amendment Bill 2013 – passes Legislative Assembly – it will unwind the abolition of transfer duty on non-real business assets [105]

The Duties Legislation Amendment Bill 2013 (WA) has passed WA Legislative Assembly without amendment and has moved to the Legislative Council. It proposes amendments to the Duties Act 2008 (WA) and the Duties Legislation Amendment Act 2008 (WA) to unwind the scheduled abolition of transfer duty on non-real business assets such as business licences, goodwill…

NSW Budget 2013-14: payroll tax threshold increase and $15k First Home Owners’ Grant extended 2 years to June 2015 [96]

The NSW Budget 2013-14 was handed down on Tue 18.6.2013. NSW Treasurer Mike Baird announced that the payroll tax threshold will be increased from $689,000 to $750,000 from 1 July 2013, and that indexation will be removed. Mr Baird also announced that the “Jobs Action Plan” payroll tax rebate will be extended for another 2 years, until June 2015,…

Financial Advisers – amending the Corporations and Tax Agents Services Regulations ahead of their regulation [92]

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…

Queensland Budget Bill [99]

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…