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STATE TAXATION ACTS AMENDMENT ACT 2017 (NO. 28 OF 2017)
TABLE OF PROVISIONS
PART 1--PRELIMINARY
1. Purposes
2. Commencement
PART 2--AMENDMENT OF DUTIES ACT 2000
Division 1--Off-the-plan purchases, principal places of residence and first home buyers
3. Definitions
4. What is the consideration for the transfer of dutiable property?
5. Application of Division
6. Provisions for determining consideration
7. Heading to Division 4A of Part 5 of Chapter 2 substituted
8. Definitions
9. What is a PPR transfer?
10. Rates of duty for certain PPR transfers
11. Section 57JA substituted and new section 57JB inserted
12. Residence requirement
13. Variation of residence requirement
14. Liability for duty if residence requirement not complied with
15. Transferee to notify Commissioner of change in circumstances
16. Heading to Division 5 of Part 5 of Chapter 2 substituted
17. Election to receive eligible pensioner exemption/concession
Division 2--Provision of information
18. What is the consideration for the transfer of dutiable property?
19. Records to be kept
20. Joint and several liability for additional duty
21. Provisions for determining consideration
22. Parties required to provide information to Commissioner
Division 3--Sub-sale transactions
23. Definitions
24. How duty is charged on transfer
25. Dutiable value of transactions
26. Exemptions and concessions
27. How duty is charged on transfer
28. Dutiable value of transactions
29. Exemptions and concessions
30. New Division 3A of Part 4A of Chapter 2 inserted
31. Heading to Division 4 of Part 4A of Chapter 2 amended
32. Application of Division
33. How duty is charged on transfer
34. Dutiable value of transactions
35. Who is liable to pay the duty?
36. Exemptions and concessions
37. Provisions for determining consideration
Division 4--Offences
38. Aggregation of certain dutiable transactions
39. Misleading information—Tax avoidance schemes
40. Misleading information—Acquisition of interests in certain landholders
Division 5--Marriage and domestic relationships exemption
41. Section 43 substituted and new sections 43A to 43D inserted
Division 6--Financial exchanges
42. Definitions
43. Meaning of landholder
44. New clause 40 of Schedule 2 inserted—transitional provision relating to financial exchanges
Division 7--General insurance
45. What insurance is exempt from duty?
Division 8--Motor vehicle duty
46. What is the rate of duty?
Division 9--Transitional arrangements
47. New clauses 41 and 42 inserted in Schedule 2
--Division 3A of Part 4A of Chapter 2 does not apply to a transfer of dutiable property resulting from an option that was granted before the commencement of section 30 of the State Taxation Acts Amendment Act 2017.".
PART 3--AMENDMENT OF FIRST HOME OWNER GRANT ACT 2000
48. Criterion 5—Residence requirement
49. Amount of grant
PART 4--AMENDMENT OF LAND TAX ACT 2005
50. Definitions
51. General imposition of land tax
52. Taxable value of land
53. New Division 6 of Part 2 inserted
54. What is the rate of land tax?
55. Certain taxable land assessed separately
56. New section 37A inserted
57. Assessment of joint owners of land
58. New section 38A inserted
59. Assessment of owner of land on which there are home units
60. Land tax on parts of land
61. Grouping of related corporations
62. Absence from principal place of residence
63. Retirement villages
64. Exemption of land under construction for certain exempt uses
65. New Division 9 of Part 4 inserted
66. New Schedule 2A inserted
67. New clause 16 inserted in Schedule 3
PART 5--AMENDMENT OF PAYROLL TAX ACT 2007
68. Definitions
69. New definition inserted
70. New section 12A inserted
71. Definitions for the purposes of Schedule 1
72. Definitions for the purposes of Part 3 of Schedule 1
73. New clause 7A of Schedule 1 inserted
74. Clause 9 of Schedule 1 substituted and new clauses 9A and 9B of Schedule 1 inserted
75. Calculation of monthly payroll tax
76. Rate of payroll tax
77. Clause 8 of Schedule 2 substituted and new clauses 8A and 8B of Schedule 2 inserted
78. Consequential amendments to variable R in formulas set out in clauses 4 and 12 of Schedule 2
PART 6--AMENDMENT OF PLANNING AND ENVIRONMENT ACT 1987
79. CPI adjusted amount
PART 7--AMENDMENT OF TAXATION ADMINISTRATION ACT 1997
Division 1--Meaning of taxation laws
80. Meaning of taxation laws
Division 2--Record keeping and general offences
81. Instruments and returns to include all relevant information
82. Inclusion of false or misleading information in records
83. Giving false or misleading information to tax officers
84. Deliberately omitting information
85. Criminal liability of officers of bodies corporate—accessorial liability
86. Criminal liability of officers of bodies corporate—failure to exercise due diligence
Division 3--Reportable information
87. Definitions—reportable information
88. New Division 2B of Part 9 inserted
Division 4--Data matching amendments
89. Permitted disclosures to particular persons or for particular purposes
Division 5--Consequential amendments on imposition of vacant residential land tax
90. Definitions
91. Amount of penalty tax
92. Supreme Court—limitation of jurisdiction
PART 8--AMENDMENT OF UNCLAIMED MONEY ACT 2008
93. Giving false or misleading information to an authorised person
94. Criminal liability of officers of bodies corporate—accessorial liability
95. Criminal liability of officers of bodies corporate—failure to exercise due diligence
96. Registrar may pay owner
97. New section 33A inserted
PART 9--REPEAL OF AMENDING ACT
98. Repeal of amending Act
ENDNOTES
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