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This is a Bill, not an Act. For current law, see the Acts databases.


TAXATION RELIEF BILL BILL 35 OF 2013

                                     TASMANIA

                                      __________


                        TAXATION RELIEF BILL 2013
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                                     CONTENTS
        PART 1 - PRELIMINARY
          1.      Short title
          2.      Commencement

        PART 2 - DUTIES ACT 2001 AMENDED
          3.      Principal Act
          4.      Section 199 amended (Exemptions)

        PART 3 - FIRST HOME OWNER GRANT ACT 2000 AMENDED
          5.      Principal Act
          6.      Section 3 amended (Interpretation)
          7.      Section 13 amended (Eligible transaction)
          8.      Section 18A amended (Conditions on increase of grant)

        PART 4 - PAYROLL TAX ACT 2008 AMENDED
          9.      Principal Act
          10.     Schedule 1 amended (Calculation of Payroll Tax Liability for
                  Financial Year Commencing 1 July 2008 and Subsequent
                  Financial Years)

        PART 5 - MISCELLANEOUS
          11.     Repeal of Act



[Bill 35]-I

 


 

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TAXATION RELIEF BILL 2013 This Public Bill originated in the House of Assembly, and, having this day passed, is now ready for presentation to the Legislative Council for its concurrence. P. R. ALCOCK, Clerk of the House 30 May 2013 (Brought in by the Minister for Finance, the Honourable Scott Bacon) A BILL FOR An Act to amend the Duties Act 2001, the First Home Owner Grant Act 2000 and the Payroll Tax Act 2008 Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows: PART 1 - PRELIMINARY 1. Short title This Act may be cited as the Taxation Relief Act 2013. 2. Commencement This Act commences on 1 July 2013. [Bill 35] 3

 


 

Taxation Relief Act 2013 Act No. of s. 3 Part 2 - Duties Act 2001 Amended PART 2 - DUTIES ACT 2001 AMENDED 3. Principal Act In this Part, the Duties Act 2001* is referred to as the Principal Act. 4. Section 199 amended (Exemptions) Section 199(1) of the Principal Act is amended as follows: (a) by omitting from paragraph (f)(ii) "transfer." and substituting "transfer;"; (b) by inserting the following paragraph after paragraph (f): (g) an application to register a trailer, or a notice of change of beneficial ownership of a trailer, if the trailer is constructed principally for use as a dwelling. *No. 15 of 2001 4

 


 

Taxation Relief Act 2013 Act No. of Part 3 - First Home Owner Grant Act 2000 Amended s. 5 PART 3 - FIRST HOME OWNER GRANT ACT 2000 AMENDED 5. Principal Act In this Part, the First Home Owner Grant Act 2000* is referred to as the Principal Act. 6. Section 3 amended (Interpretation) Section 3(1) of the Principal Act is amended by inserting after the definition of home the following definition: new home means - (a) a home that has not previously been occupied or sold as a place of residence; or (b) a home that - (i) under section 40-75(1)(b) of the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth, would be considered new residential premises due to substantial renovations; and (ii) has not been occupied or sold as a place of *No. 19 of 2000 5

 


 

Taxation Relief Act 2013 Act No. of s. 7 Part 3 - First Home Owner Grant Act 2000 Amended residence since those substantial renovations were completed; 7. Section 13 amended (Eligible transaction) Section 13(1) of the Principal Act is amended by omitting paragraph (a) and substituting the following paragraphs: (a) a contract made on or after 1 July 2000 and before 1 July 2014 for the purchase of a home in the State; (ab) a contract made on or after 1 July 2000 for the purchase of a new home in the State; 8. Section 18A amended (Conditions on increase of grant) Section 18A(1) of the Principal Act is amended by omitting the definition of new home. 6

 


 

Taxation Relief Act 2013 Act No. of Part 4 - Payroll Tax Act 2008 Amended s. 9 PART 4 - PAYROLL TAX ACT 2008 AMENDED 9. Principal Act In this Part, the Payroll Tax Act 2008* is referred to as the Principal Act. 10. Schedule 1 amended (Calculation of Payroll Tax Liability for Financial Year Commencing 1 July 2008 and Subsequent Financial Years) Schedule 1 to the Principal Act is amended by omitting the definition of TA from clause 1 of Part 1 and substituting: TA or threshold amount is - (a) $1 010 000 for a financial year commencing on or before 1 July 2012; or (b) $1 250 000 for a financial year commencing on or after 1 July 2013. *No. 16 of 2008 7

 


 

Taxation Relief Act 2013 Act No. of s. 11 Part 5 - Miscellaneous PART 5 - MISCELLANEOUS 11. Repeal of Act This Act is repealed on the three hundred and sixty fifth day from the day on which it receives the Royal Assent. 8 Government Printer, Tasmania

 


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