Revenue Legislation Amendment Act 2007 (ACT)

Revenue Legislation Amendment Act 2007

A2007-21

Contents

Page

Part 1Preliminary

1. Name of Act  2

2. Commencement  2

Part 2Duties Act 1999

1. Legislation amended—pt 2  3

2. Transfer of land to certain authorities and other bodies

   
   

   Section 64 (1)  3

3. Repossessed motor vehicles

   
   

   Section 216 (c)  3

4. Prerequisites for registration

   
   

   Section 221 (1) (c) (i)  3

5. Dictionary, definition of licensed vehicle dealer  4

Part 3Land Tax Act 2004

1. Legislation amended—pt 3  5

2. Payment of land tax New section 17 (2A)  5

Part 4Payroll Tax Act 1987

1. Legislation amended—pt 4  6

2. Wages to which this Act applies

   
   

   Section 2D (1)  6

Part 5Rates Act 2004

1. Legislation amended—pt 5  7

2. Imposition of rates—qualifying parcels of land

   
   

   Section 34 (3), formula  7

3. Section 34 (4), definition of FC  7

Revenue Legislation Amendment Act 2007

A2007-21

An Act to amend the Duties Act 1999, the Land Tax Act 2004, the Payroll Tax Act 1987 and the Rates Act 2004

The Legislative Assembly for the Australian Capital Territory enacts as follows:

Part 1Preliminary

1. Name of Act

   This Act is the Revenue Legislation Amendment Act 2007.

2. Commencement

   This Act commences on the day after its notification day.

   NoteThe naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

Part 2Duties Act 1999

1. Legislation amended—pt 2

   This part amends the Duties Act 1999.

2. Transfer of land to certain authorities and other bodies
   Section 64 (1)

   substitute

   (1)Duty of $20 is chargeable on a grant of a Crown lease to a non‑commercial Commonwealth authority.

3. Repossessed motor vehicles
   Section 216 (c)

   omit

   licensed dealer under the Sale of Motor Vehicles Act 1977

   substitute

   licensed vehicle dealer

4. Prerequisites for registration
   Section 221 (1) (c) (i)

   substitute

   (i)the person is carrying on business as a licensed vehicle dealer; and

5. Dictionary, definition of licensed vehicle dealer

   substitute

   licensed vehicle dealer means a licensed dealer under the Sale of Motor Vehicles Act 1977, or the holder of a similar licence under a corresponding law.

Part 3Land Tax Act 2004

1. Legislation amended—pt 3

   This part amends the Land Tax Act 2004.

2. Payment of land tax
   New section 17 (2A)

   insert

   (2A)However, if the owner of the parcel is a person to whom section 20 (3) applies in relation to the unpaid land tax, the amount is payable by the person who was the owner of the parcel for the period to which the liability relates.

Part 4Payroll Tax Act 1987

1. Legislation amended—pt 4

   This part amends the Payroll Tax Act 1987.

2. Wages to which this Act applies
   Section 2D (1)

   substitute

   (1)The following wages are wages to which this Act applies:

   (a)wages that are paid or payable in the ACT in a month or part of a month in relation to services performed or rendered in—

   (i)the ACT or another country; or

   (ii)more than 1 State or Territory;

   (b)wages that are paid or payable elsewhere than in the ACT in a month or part of a month in relation to services performed or rendered wholly in the ACT.

Part 5Rates Act 2004

1. Legislation amended—pt 5

   This part amends the Rates Act 2004.

2. Imposition of rates—qualifying parcels of land
   Section 34 (3), formula

   substitute

   [(FCC× CP) + (FCR × RP)] + [(AUV - TA) × ({CP× PC} + {RP × PR})]

3. Section 34 (4), definition of FC

   substitute

   FCC means the fixed charge determined under the Taxation Administration Act, section 139 for the parcel as commercial land.

   FCR means the fixed charge determined under the Taxation Administration Act, section 139 for the parcel as residential land.

Endnotes

1. Presentation speech

   Presentation speech made in the Legislative Assembly on 29 May 2007.

2. Notification

   Notified under the Legislation Act on 19 June 2007.

3. Republications of amended laws

   For the latest republication of amended laws, see certify that the above is a true copy of the Revenue Legislation Amendment Bill 2007, which was passed by the Legislative Assembly on 7 June 2007.

   Clerk of the Legislative Assembly

   © Australian Capital Territory 2007