The State Revenue Legislation Further Amendment Bill 2012 (NSW) was introduced into the NSW Legislative Assembly on Thur 20.9.2012. It proposes various amendments to the Duties Act 1997 (NSW) to:
clarify the liability to duty on a transfer of a partnership interest that occurs as a result of the retirement of a partner or the admission of a new partner;
provide a duty concession in respect of transfers relating to managed investment schemes; and
exempt from duty an application to register a new heavy vehicle trailer.
DATE OF EFFECT: The amendments are proposed to commence on the day the Bill receives Assent.
[LTN 184, 21/9]