The State Revenue Legislation Amendment Bill 2014 (NSW) has passed all stages of the NSW Parliament and effectively awaits Assent.
The Bill was amended in the NSW Legislative Assembly with 8 Government amendments. The main amendments to the Duties Act 1997 (NSW) remaining in the Bill will:
- re landholder duty: require an acquisition statement for an acquisition that is subject to duty to be lodged with the Chief Commissioner within 3 months after it is made;
- specify new exceptions to rules relating to the aggregation of interests of related persons and associated persons; and
- make other minor miscellaneous amendments.
The amendments to the Land Tax Management Act 1956 (NSW) and to the Tax Administration Act 1996 (NSW) remain (as originally introduced).
[LTN 92, 15/5/14]
Royal Assent
The State Revenue Legislation Amendment Bill 2014 (NSW) on 20 May 2014 received Royal Assent as Act No 19 of 2014.
[LTN 98, 23/5/14]