The Taxation Legislation (Miscellaneous Amendments) Bill 2012 (Tas) was introduced into the Tasmanian House of Assembly on 25 September 2012. It proposes amendments to the following Tasmanian Acts: the Duties Act 2001; the Land Tax Act 2000; the Payroll Tax Act 2008; and the Taxation Administration Act 1997. Key amendments include:
- amendments to the Duties Act to clarify that the granting, transfer or surrender of a lease attracts duty, if a premium or consideration is paid;
- amendments to the Land Tax Act to allow the SA Commissioner of State Revenue, in circumstances relating to transfers of ownership, to treat a person as the “owner” of land, at 1 July, where their ownership has not yet been registered on the Title to the property;
- amendments to the Payroll Tax Act to maintain harmonisation by extending the payroll tax exemption for wages paid to parents on maternity or adoption leave to wages that are the equivalent of 14 weeks ordinary pay where the leave is taken over a greater period.
The amendments are proposed to commence on the day the Bill receives Royal Assent, except for the Land Tax Act amendments, which will be taken to have commenced on 1 July 2012.
[LTN 203, 19/10]