Victorian Numbered Acts Victorian Numbered ActsThe purposes of this Act are—
(a) to amend the Payroll Tax Act 2007 in relation to the exemptions for non-profit organisations and for maternity leave or adoption leave; and
(b) to amend the Duties Act 2000 —
(i) to reduce the period of time available for the payment of duty after the liability arises from 3 months to 30 days; and
(ii) to rectify an anomaly in the application of the exemption and concessions available to eligible pensioners purchasing off the plan properties and to remove an outdated reference to the Income Tax Assessment Act 1936 of the Commonwealth; and
(c) to amend the Land Tax Act 2005 —
(i) in relation to time-sharing schemes where the time-sharers are registered proprietors so that the manager of the scheme is assessed for land tax and the time-sharers owe a debt for their share of the tax; and
(ii) in relation to the primary production land exemption, to change the ownership requirements to increase consistency and improve the operation of the exemption; and
(iii) to make miscellaneous amendments in relation to the use of valuations for the assessment of land tax; and
(d) to amend the Taxation Administration Act 1997 —
(i) to empower the Commissioner of State Revenue to impose interest and penalty tax in relation to livestock duty and to apply the administration and enforcement provisions to the collection of livestock duty; and
(ii) to clarify the objection processes in relation to the valuation of land under that Act; and
(e) to amend the Livestock Disease Control Act 1994 —
(i) to allow the Secretary to disclose certain information in relation to the administration of livestock duty to the Commissioner of State Revenue; and
(ii) to ensure any interest and penalty tax collected by the Commissioner of State Revenue in relation to livestock duty is paid into the appropriate compensation funds; and
(f) to make miscellaneous amendments to the Valuation of Land 1960 to improve the operation of that Act.