The Revenue Laws Amendment Bill 2014 (WA) received Royal Assent on 2 July 2014 as Act No 15 of 2014.
It had passed all stages without amendment and amends the Duties Act 2008 (WA) and the Land Tax Act 2002 (WA) to implement 2 of the revenue measures announced in the 2014-15 WA Budget, which make changes to the first homebuyer transfer duty concession and introduce a new land tax scale from 2014-15.
The Bill also amends the Pay-roll Tax Assessment Act 2002 (WA) to implement the WA Government’s 2013 election commitment to progressively increase the payroll tax exemption threshold to $850,000.
[LTN 132, 11/7/14]