Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2015 (NO. 26 OF 2015)

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Purposes  
   2.      Commencement  

   PART 2--AMENDMENT OF DUTIES ACT 2000

           Division 1--General

   3.      Definitions—section 3  
   4.      Who is an eligible pensioner?  
   5.      What is a relevant acquisition?  
   6.      Conversion of a private unit trust scheme to a public unit trust scheme  
   7.      Conversion of a private company to a listed company  
   8.      Definitions—Registration of unit trust schemes  
   9.      What insurance is exempt from duty?  
   10.     Primary producer vehicles  
   11.     New sections 233AA and 233AB inserted  
   12.     New Schedule 1 inserted  
   13.     Amendments to Schedule 1  

           Division 2--Duty payable by foreign purchasers

   14.     Definitions  
   15.     New sections 3A to 3F inserted  
   16.     New section 18A inserted  
   17.     New section 19A inserted  
   18.     What is the consideration for the transfer of dutiable property?  
   19.     Partitions of land  
   20.     New section 28A inserted  
   21.     Provisions for determining consideration  
   22.     Imposition of duty  
   23.     How duty is charged on relevant acquisitions in public landholders—concessional rate  
   24.     Amendment of Schedule 2  

   PART 3--AMENDMENT OF LAND TAX ACT 2005

   25.     Definitions  
   26.     New sections 3A to 3C inserted  
   27.     Holders of beneficial interests  
   28.     Who is liable for special land tax?  
   29.     What is the rate of land tax?  
   30.     Assessment of joint owners of land  
   31.     Joint assessments in the case of principal place of residence land  
   32.     New Division 2AB of Part 3 inserted  
   33.     New Division heading inserted into Part 3  
   34.     Trustee's right of reimbursement  
   35.     New Division 3A of Part 3 inserted  
   36.     Consequential repeal of definition of specified beneficiary  
   37.     New section 104B inserted  
   38.     New Parts 4 and 5 of Schedule 1 inserted  

   PART 4--AMENDMENT OF TAXATION ADMINISTRATION ACT 1997

           Division 1--Refunds and offsets

   39.     Section 20 substituted and new section 20A inserted  
   40.     Refund of amount  
   41.     Section 116 substituted  
   42.     Schedule 1 amended  
   43.     Consequential amendment—Back to Work Act 2015  

           Division 2--Absentee owner land tax surcharge

   44.     Definitions  
   45.     Amount of penalty tax  

   PART 5--REPEAL OF AMENDING ACT

   46.     Repeal of amending Act  
           ENDNOTES