The Stamp Duties (Foreign Ownership Surcharge) Amendment Bill 2017 has now passed all stages of the SA Parliament without amendment and awaits Royal Assent.
The Bill amends the Stamp Duties Act 1923 (SA) to introduce the Foreign Investor Surcharge, which was originally included in the defeated Budget Measures Bill 2017, and increase it from 4% to 7%. The Surcharge applies from 1 January 2018.
[SA Parliament website – Bills Digest; Bill as passed; LTN 237, 17; Tax Month Dec 2017]