The State Revenue Legislation Further Amendment Bill 2012 (NSW) has passed the NSW Legislative Assembly without amendment and has moved to the Legislative Council. Among other things, 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 201, 17/10]
Bill passed all stages and awaits assent
The State Revenue Legislation Further Amendment Bill 2012 (NSW) has passed all stages without amendment and awaits Royal Assent.
[LTN 206, 24/10]