Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2011 (NO. 28 OF 2011)

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Purposes  
   2.      Commencement  

   PART 2--DUTIES ACT 2000

           Division 1--Reduction of duty for eligible first home buyers

   3.      Amendment to Division 4A heading  
   4.      Definitions  
   5.      What is a PPR transfer?  
   6.      Concessional rate of duty for certain PPR transfers  
   7.      New section 57JA inserted  
   8.      Residence requirement  
   9.      Variation of residence requirement  
   10.     Liability for duty if residence requirement not complied with  
   11.     Transferee to notify Commissioner of change in circumstances  

           Division 2--Amendments to the pensioner and first home owner exemption and concession provisions

   12.     Who is an eligible pensioner?  
   13.     Eligible pensioner exemption or concession where dwelling exists at the time of transfer  
   14.     Eligible pensioner exemption or concession where dwelling is constructed after transfer  
   15.     Election to receive eligible pensioner exemption/concession  
   16.     Transitional provisions  

           Division 3--2010 State Budget Measures

   17.     Election to receive eligible first home owner exemption/concession or additional first home owner grant  
   18.     Transitional provision  

           Division 4--Young farmers

   19.     New Division 7 of Part 5 of Chapter 2 inserted  

           Division 5--Statute law revision

   20.     Definitions in Chapter 1 of the Duties Act 2000  
   21.     What is dutiable property?  
   22.     Constructive ownership of land holdings and other property: linked entities  
   23.     Interpretation and application of Division  
   24.     Definitions in Part 3 of Chapter 3  
   25.     Application of Part  
   26.     What is a corporate group?  
   27.     Revocation of exemption  
   28.     Definitions in Chapter 11 of the Duties Act 2000  
   29.     Duties and Land Tax Acts (Amendment) Act 2005  

   PART 3--FIRST HOME OWNER GRANT ACT 2000

           Division 1--Offences under the First Home Owner Grant Act 2000

   30.     Payment in anticipation of compliance with residence requirement  
   31.     New section 47 substituted  

           Division 2--Extension of availability of additional amounts under the First Home Owner Grant Act 2000

   32.     Amount of grant  

   PART 4--PAYROLL TAX ACT 2007

   33.     Definitions  
   34.     Inclusion of grant of shares and options as wages  
   35.     Choice of relevant day  
   36.     Value of shares and options  
   37.     Inclusion of shares and options granted to directors as wages  
   38.     Transitional provisions  
   39.     Statute law revision—groups arising from tracing of interests in corporations  

   PART 5--TAXATION ADMINISTRATION ACT 1997

   40.     Definitions in Taxation Administration Act 1997  
   41.     New section 12A inserted  
   42.     Notice of assessment or withdrawal of assessment  
   43.     Service of documents by Commissioner  
   44.     When is service effective?  

   PART 6--REPEAL

   45.     Repeal of amending Act  
           ENDNOTES