The State Tax Laws Amendment (Budget and Other Measures) Bill 2013 (Vic) has passed the Victorian Legislative Assembly without amendment and has moved to the Legislative Council. It contains amendments to the Congestion Levy Act 2005 (Vic) to expand the levy to short-stay car spaces and to increase the levy rate as announced in the…
SA Premier Jay Weatherill Wed 5.6.2013, announced that small businesses in South Australia will receive a payroll tax concession in a suite of initiatives to support small business in the 2013-14 State Budget (to be handed down on Thur 6.6.2013). Mr Weatherill said the Budget will provide for over 2 years a temporary payroll tax rate…
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,…
RevenueSA has advised that the SA Commissioner of State Taxation on Thursday 13.6.2013, gazetted a notice that the land tax thresholds for the 2013-14 financial year will remain the same as the 2012-13 financial year. Source: RevenueSA Information Circular 57 [LTN 112, 13/6/13]
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…
The First Home Owner Grant Amendment Bill 2013 (ACT) was introduced into the ACT Legislative Assembly on 6 June 2013. It proposes legislative amendments to increase the ACT First Home Owner Grant to id=”mce_marker”2,500. The amendments will also retargeted the grant to new and substantially renovated properties only. The measures were announced in the ACT Budget 2013-14…
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…
The Tax Laws Amendment (2013 Measures No 2) Bill 2013 was recently amended by the House of Reps to remove from the Bill the provisions that proposed to create a new regulatory regime within the Tax Agent Services Act 2009 (TASA) for entities (individuals, partnerships and companies) in the financial services industry that give tax…
The First Home and Housing Construction Grants (Budget 2013) Amendment Bill 2013 (SA) was introduced into the SA House of Assembly on 6 June 2013. It proposes legislative amendments to extend the Housing Construction Grant (HCG) for a further 6 months as announced in the SA Budget 2013-14. The extension of the HCG means that home-buyers who…
The Qld Budget 2013-14 was handed down Tue 4.6.2013. Revenue measures announced included: the second payroll tax threshold increase from id=”mce_marker”.1m to id=”mce_marker”.2m will be deferred 2 years to now take effect from 1 July 2015 rather than 1 July 2013. (During the 2012 Qld election, a commitment was made to increase the payroll tax threshold from id=”mce_marker”m to…