Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2020 (NO. 47 OF 2020)

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Purposes  
   2.      Commencement  

   PART 2--AMENDMENT OF DUTIES ACT 2000

   3.      Definitions  
   4.      Partners taken to have beneficial ownership of individual partnership property  
   5.      What is dutiable property?  
   6.      Equity release programs  
   7.      Section 57H substituted  
   8.      What is a PPR transfer?  
   9.      Requirements—first home buyers  
   10.     Residence requirement  
   11.     Reduction in duty in relation to eligible transfers  
   12.     What are interests and significant interests in landholders?  
   13.     Section 245 substituted  
   14.     What is the rate of duty?  
   15.     Heading to Division 1 of Part 2 of Chapter 11 substituted  
   16.     Section 250 amended  
   17.     Section 250A substituted and new section 250AB inserted  
   18.     Section 250B amended  
   19.     Repeal of heading to Division 1A of Part 2 of Chapter 11  
   20.     Repeal of sections 250DA, 250DB, 250DC and 250DD  
   21.     Section 250DG substituted  

   PART 3--AMENDMENTS TO ENVIRONMENT PROTECTION LEGISLATION

           Division 1--Amendment of Environment Protection Act 1970

   22.     Landfill levy—amount payable  
   23.     Schedule DA amended  
   24.     New Schedule DB inserted  
   25.     New Schedule F inserted  

           Division 2--Amendment of Environment Protection Amendment Act 2018

   26.     Requirement to pay waste levy  
   27.     Requirement to pay landfill levy  
   28.     Schedule 2 substituted  

   PART 4--AMENDMENT OF FIRST HOME OWNER GRANT ACT 2000

   29.     Definitions and cross-references  
   30.     Payment in anticipation of compliance with residence requirement  

   PART 5--AMENDMENT OF GAMBLING REGULATION ACT 2003

   31.     Definitions for wagering and betting tax  
   32.     New section 4.6A.1A inserted  
   33.     Tax-free threshold where wagering and betting entity leaves a group  
   34.     Supplementary provisions for determining tax for groups—members joining or forming groups during financial year  
   35.     New section 4.6A.16A inserted  
   36.     Transitional provisions  

   PART 6--AMENDMENT OF LAND TAX ACT 2005

   37.     Definitions  
   38.     General imposition of land tax  
   39.     Taxable value of parts of land not separately valued  
   40.     Abolition of special land tax  

           Division 5--of Part 2 of the Land Tax Act 2005 is repealed.

   41.     What is the rate of land tax?  
   42.     Assessment of joint owners of land  
   43.     Joint assessments in the case of principal place of residence land  
   44.     General land tax surcharge for trusts  
   45.     Land tax for PPR land if nominated PPR beneficiary  
   46.     Land tax for PPR land if nominated PPR beneficiary—absentee trusts  
   47.     Definitions for Division 1 of Part 4  
   48.     Principal place of residence exemption  
   49.     Absence from principal place of residence  
   50.     Exemption continues on death of resident  
   51.     Purchase of new principal residence  
   52.     Sale of old principal residence  
   53.     Unoccupied land subsequently used as principal residence  
   54.     Partial exemption if land used for business activities  
   55.     Section 62A substituted  
   56.     Section 73 substituted and new section 73A inserted  
   57.     Land tax is a first charge on land  
   58.     Registration of charge  
   59.     Recovery from lessee, mortgagee or occupier  
   60.     Section 105 repealed  
   61.     Transitional provision  

   PART 7--AMENDMENT OF TAXATION ADMINISTRATION ACT 1997

   62.     Definitions  
   63.     New section 36AA inserted  
   64.     Part 9 heading amended  
   65.     New Division 4 of Part 9 inserted  

   PART 8--AMENDMENT OF VALUATION OF LAND ACT 1960

   66.     Supplementary valuation—section 13DF  
   67.     Valuation authority to make supplementary valuation if requested by council  
   68.     Supplementary valuation—section 13L  
   69.     Valuation authority to make supplementary valuation if requested by collection agency  

   PART 9--REPEAL OF THIS ACT

   70.     Repeal of this Act  
           ENDNOTES