Revenue and Other Legislation Amendment Regulation (No. 2) 2002 (Qld)

Queensland Subordinate Legislation 2002 No. 304 Duties Act 2001 Electricity Act 1994 Land Tax Act 1915 Land Title Act 1994 Offshore Banking Units and Regional Headquarters Act 1993 Property Agents and Motor Dealers Act 2000 Taxation Administration Act 2001 WorkCover Queensland Act 1996 REVENUE AND OTHER LEGISLATION AMENDMENT REGULATION (No. 2) 2002 TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 PART 2—AMENDMENT OF DUTIES REGULATION 2002 3 Regulation amended in pt 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Amendment of s 6 (Fee for instrument lodged on which duty is not imposed — Act, s 495) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Amendment of sch 1 (Declared public unit trusts) . . . . . . . . . . . . . . . . . . . . 3 PART 3—AMENDMENT OF LAND TAX REGULATION 1999 6 Regulation amended in pt 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 7 Amendment of s 21(Fee for certificates about unpaid land tax—Act, s 37) . 4 PART 4—AMENDMENT OF TAXATION ADMINISTRATION REGULATION 2002 8 Regulation amended in pt 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 9 Replacement of sch 2 (Fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SCHEDULE 2

2 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 FEES PART 5—AMENDMENT OF OTHER REGULATIONS 10 Regulations amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . AMENDMENT OF OTHER REGULATIONS ELECTRICITY REGULATION 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LAND TITLE REGULATION 1994. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OFFSHORE BANKING UNITS AND REGIONAL HEADQUARTERSREGULATION 1994. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PROPERTY AGENTS AND MOTOR DEALERS REGULATION 2001 . . WORKCOVER QUEENSLAND REGULATION 1997 . . . . . . . . . . . . . . . 6 6 6 6 9 9

s1 3 s5 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 PART 1—PRELIMINARY 1 Short title This regulation may be cited as the Revenue and Other Legislation Amendment Regulation (No. 2) 2002 . 2 Commencement (1) Section 10 and the schedule, to the extent the provisions amend the ElectricityRegulation1994 , are taken to have commenced on 1 October 2002, immediately after the commencement of the Electricity LegislationAmendment Regulation (No. 1) 2002 . (2) Section 4 and parts 3 and 4 commence on 1 January 2003. PART 2—AMENDMENT OF DUTIES REGULATION 2002 3 Regulation amended in pt 2 This part amends the Duties Regulation 2002. 4 Amendment of s 6 (Fee for instrument lodged on which duty is not imposed — Act, s 495) Section 6, ‘$20.00’— omit, insert— ‘$25.00’. 5 Amendment of sch 1 (Declared public unit trusts) (1) Schedule 1, part 2, item 21— omit.

s6 4 s9 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 (2) Schedule 1, part 2, items 22 to 26— renumber as items 21 to 25. PART 3—AMENDMENT OF LAND TAX REGULATION 1999 6 Regulation amended in pt 3 This part amends the Land Tax Regulation 1999. 7 Amendment of s 21(Fee for certificates about unpaid land tax—Act, s 37) (1) Section 21(a), ‘$19’— omit, insert— ‘$21.00’. (2) Section 21(b), ‘$24’— omit, insert— ‘$26.00’. PART 4—AMENDMENT OF TAXATION ADMINISTRATION REGULATION 2002 8 Regulation amended in pt 4 This part amends the Taxation Administration Regulation 2002. 9 Replacement of sch 2 (Fees) Schedule 2— omit, insert—

s 10 5 s 10 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 ‘SCHEDULE 2 ‘FEES section 12 Returning, by post, an instrument or statement lodged for assessment— (a) first instrument or statement . . . . . . . . . . . . . . . . . . . . . . . . (b) each additional instrument or statement, including a copy . $ 3.50 1.00’. PART 5—AMENDMENT OF OTHER REGULATIONS 10 Regulations amended The schedule amends the regulations mentioned in it.

6 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 SCHEDULE AMENDMENT OF OTHER REGULATIONS section 10 ELECTRICITY REGULATION 1994 1 Schedule 8, part 1, item 8, ‘70.00’— omit, insert — ‘50.00’. LAND TITLE REGULATION 1994 1 Section 4(4)(b), ‘stamp duty’— omit, insert— ‘a duty’. OFFSHORE BANKING UNITS AND REGIONAL HEADQUARTERS REGULATION 1994 1 Section 11, heading, ‘Stamp duty’— omit, insert — ‘ Duty ’.

7 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 SCHEDULE (continued) 2 Section 11(1), ‘tax’— omit, insert — ‘duty’. 3 Section 11(1), ‘NT’— omit, insert — ‘ND’. 4 Section 11(2), definition “NT”— omit, insert — ‘ “ND” (normal duty) is the duty that would be payable on the transaction if section 20 of the Act had not been enacted.’. 5 Section 12, heading, and sections 13(1)(a)(ii) and 14(3), definition “Commissioner”, paragraph (c), ‘stamp’— omit. 6 Sections 12(1) and (3) and 14(3), definition “Commissioner” , paragraph (c), ‘Stamp Duties’— omit, insert — ‘State Revenue’. 7 Section 13(1)(a)(i), ‘or currency’— omit . 8 Section 13(1)(c)(i)— omit .

8 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 SCHEDULE (continued) 9 Section 13(1)(c)(ii) and (iii)— renumber as section 13(1)(c)(i) and (ii). 10 Section 13(1)(d)— omit, insert — ‘(d) an insurance transaction, other than a transaction for a risk relating to property of a QOBU or QRHQ in Queensland used for OBU or RHQ activities.’. 11 Section 13(2)— omit . 12 Section 13(3), definitions “hiring transaction”, “insurance transaction”, “lending transaction”, “risk in Queensland”, “transaction that attracts duty” and “transfer transaction”— omit . 13 Section 13(3)— insert — ‘ “hiring transaction” means a transaction for a hire of goods on which hire duty is imposed under the Duties Act 2001 . “insurance transaction” means a transaction for accident insurance, or a contract of general or life insurance, on which insurance duty is imposed under the Duties Act 2001 . “lending transaction” means a transaction on which mortgage duty is imposed under the Duties Act 2001 . “transfer transaction” means a dutiable transaction on which transfer duty is imposed, or a relevant acquisition on which corporate trustee duty is imposed, under the Duties Act 2001 .’.

9 Revenue and Other Legislation Amendment Regulation No. 304, 2002 (No. 2) 2002 SCHEDULE (continued) 14 Section 13(3)— renumber as section 13(2). PROPERTY AGENTS AND MOTOR DEALERS REGULATION 2001 1 Schedule 1, section 39(2), from ‘commissioner’— omit, insert — ‘Commissioner of State Revenue as the value of each property for the purposes of the Duties Act 2001 .’. WORKCOVER QUEENSLAND REGULATION 1997 1 Section 7(7A)(b)— omit, insert — ‘(b) duty payable under the Duties Act 2001 for the policy.’. ENDNOTES 1. Made by the Governor in Council on 21 November 2002. 2. Notified in the gazette on 22 November 2002. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 2002 Authorised by the Parliamentary Counsel and printed by the Government Printer