The WA State Revenue Office (SRO) has issued Circular 10 which provides an overview of the proposed amendments contained in Revenue Laws Amendment Bill 2011 (WA). The Bill was introduced into the WA Legislative Assembly on 1 December 2011 and proposes to amend the Duties Act 2008 (WA) and the Stamp Act 1921 (WA). Among other things, the amendments propose to extend the operation of the first home owner rate of duty provisions, and to extend the length of time taxpayers can apply for a refund of duty on a cancelled transaction. The Bill is currently before the WA Legislative Assembly.
[LTN 59, 27/3]