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BUILDING A BETTER VICTORIA (STATE TAX AND OTHER LEGISLATION AMENDMENT) ACT 2014 (NO. 40 OF 2014) - SECT 29

Reduction in payroll tax rate

See:
Act No.
26/2007.
Reprint No. 2
as at
25 September 2013 and amending Act No. 26/2014.
LawToday:
www.
legislation.
vic.gov.au

    (1)     In clause 1 of Schedule 1 to the Payroll Tax Act 2007 , in the definition of "R"—

        (a)     in paragraph (c), for "or 1 July in any subsequent year" substitute ", 2011, 2012 or 2013";

        (b)     after paragraph (c) insert

    "(d)     for the financial year commencing on 1 July 2014 or any subsequent financial year—4∙85%;".

    (2)     In clause 2 of Schedule 2 to the Payroll Tax Act 2007

        (a)     in paragraph (c), for "—4∙90%" substitute "and before 1 July 2014—4∙90%;";

        (b)     after paragraph (c) insert

    "(d)     for wages paid or payable on or after 1 July 2014—4∙85%.".

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