The State Revenue Legislation Further Amendment Bill 2014 (NSW) was introduced into the NSW Legislative Assembly on Thur 29.5.2014. It contains:

  • amendments to the Payroll Tax Act 2007 (NSW) to clarify and restrict certain exceptions from the contractor provisions under that Act;
  • amendments to the Payroll Tax Rebate Scheme (Jobs Action Plan) Act 2011 (NSW) to permit a rebate to be claimed for an internally transferred employee who is employed in a new job;
  • amendments to the Duties Act 1997 (NSW) to, among other things, prevent certain avoidance practices and to make further provision for the duty payable on transactions involving self-managed superannuation funds (SMSFs); and
  • amendments to the Land Tax Management Act 1956 (NSW) to change the rules for the grouping of companies under that Act.

DATE OF EFFECT: The amendments are proposed to apply from the date the Bill receives Assent, except for the amendments to the Payroll Tax Act which are proposed to broadly commence from 1 July 2014.

[LTN 103, 30/5/14]