WA land tax: changes to primary producer exemption on the way [80]

The WA Government says it has “informally reviewed the operation of the existing land tax exemption for primary production to look at options for modernising and simplifying the exemption”. WA Treasurer Mike Nahan said the review’s recommendations included: simplifying existing exemption requirements, clarifying the application of the exemption where land is used for both primary…

Victoria: State Taxation Legislation Amendment Bill 2014 – retrospective changes to the fire services levy, Gambling Regs transitional provisions [78]

The State Taxation Legislation Amendment Bill 2014 (Vic) has passed all stages of the Victorian Parliament, with 4 Government amendments made in the Legislative Assembly, and awaits Royal Assent. The Bill implements a number of measures announced in the Victorian State Budget Update for 2013-14 (handed down in December 2013), including measures in relation to the congestion…

Tasmania: Payroll Tax Rebate for ‘new’ jobs; doubling of First Home Owner Grant given legislative basis: Amendment Bills introduced [75]

The following Tasmanian Bills were introduced in the Tasmanian House of Assembly on 7 May 2014: Employment Incentive Scheme (Payroll Tax Rebate) Amendment Bill 2014 – proposes to amend the Employment Incentive Scheme (Payroll Tax Rebate) Act 2009 (Tas) to implement a fourth tranche of the payroll tax rebate scheme and provide payroll tax incentives for medium…

Victorian Budget 2014: payroll tax rate to be reduced; life insurance stamp duty to be abolished [76]

The Victorian Budget 2014-15 was handed down on Tue 6.5.2014. The Victorian Treasurer Michael O’Brien announced the State Budget “will deliver an operating surplus of id=”mce_marker”.3bn in 2014-15 growing to $3.3bn by 2017-18.” Revenue measures announced included: from 1 July 2014, payroll tax rate will be reduced from 4.9% to 4.85%; from 1 July 2014, the duty payable on…

NT Budget 2014-15: First Home Owners Grant increased to $26k (from $25k), the $600k value cap removed, but only for new houses from 1.1.15 [74]

The 2014-15 Northern Territory Budget was handed down on Tues 13.5.2014. The NT Treasurer announced that from 13 May 2014, the First Home Owner Grant will be increased to $26,000 (from $25,000) for first homebuyers purchasing or building a new home. The $600,000 value cap will also be removed. From 1 January 2015, the Grant will be directed to…

NSW payroll tax: Rebate under Fresh Start Jobs Action Plan – Bill passes Legislative Assembly [71]

The Payroll Tax Rebate Scheme (Jobs Action Plan) Amendment (Fresh Start Support) Bill 2014 (NSW) has passed the NSW Legislative Assembly without amendment and has moved to the Legislative Council. The Bill proposes to amend the Payroll Tax Rebate Scheme (Jobs Action Plan) Act 2011 (NSW) to implement the NSW Government’s proposed support scheme to…