Taxation Relief Act 2013 (TAS)

Taxation Relief Act 2013

An Act to amend the Duties Act 2001 , the First Home Owner Grant Act 2000 and the Payroll Tax Act 2008

[Royal Assent 28 June 2013]

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 1Preliminary1Short titleThis Act may be cited as the Taxation Relief Act 2013 . 2CommencementThis Act commences on 1 July 2013. PART 2Duties Act 2001 Amended3Principal ActIn this Part, the Duties Act 2001 is referred to as the Principal Act. 4Section 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. PART 3First Home Owner Grant Act 2000 Amended5Principal ActIn this Part, the First Home Owner Grant Act 2000 is referred to as the Principal Act. 6Section 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 residence since those substantial renovations were completed; 7Section 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; 8Section 18A amended (Conditions on increase of grant) Section 18A(1) of the Principal Act is amended by omitting the definition of new home . PART 4Payroll Tax Act 2008 Amended9Principal ActIn this Part, the Payroll Tax Act 2008 is referred to as the Principal Act. 10Schedule 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. PART 5Miscellaneous11Repeal of ActThis Act is repealed on the three hundred and sixty fifth day from the day on which it receives the Royal Assent.

[Second reading presentation speech made in:

House of Assembly on 30 MAY 2013

Legislative Council on 13 JUNE 2013]