Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2018 (NO. 22 OF 2018)

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Purposes  
   2.      Commencement  

   PART 2--AMENDMENT OF DUTIES ACT 2000

           Division 1--Foreign purchasers

   3.      What is a controlling interest for the purposes of the definition of foreign corporation?  
   4.      What is a substantial interest in a trust estate for the purposes of the definition of foreign trust?  
   5.      New Division 8 inserted in Part 5 of Chapter 2  
   6.      Imposition of duty  
   7.      Conversion of a private unit trust scheme to a public unit trust scheme  
   8.      Conversion of a private company to a listed company  

           Division 2--Partnerships

   9.      New section 3H inserted  

           Division 3--Property vested in apparent purchasers

   10.     Property vested in an apparent purchaser  

           Division 4--Exemptions for transfers between spouses or domestic partners

   11.     New section 43AA inserted  

           Division 5--Equity release programs

   12.     Equity release programs  

           Division 6--Principal place of residence exemption or concession for first home buyers

   13.     Residence requirement  

           Division 7--Young farmers

   14.     Exemption or concession for young farmers  
   15.     Calculation of exemption or concession on transfer of single parcel of land or partial interest in single parcel of land  
   16.     Calculation of exemption on transfer of multiple parcels and partial interests of land  

           Division 8--Other amendments

   17.     What is the consideration for the transfer of dutiable property?  
   18.     Provisions for determining consideration  

           Division 9--Transitional arrangements

   19.     New clauses 43 and 44 of Schedule 2 inserted  

   PART 3--AMENDMENT OF PAYROLL TAX ACT 2007

   20.     Registration  
   21.     Definitions for the purposes of Schedule 1  
   22.     Rate of payroll tax  

   PART 4--AMENDMENT OF UNCLAIMED MONEY ACT 2008

   23.     Definitions  
   24.     Definitions for the purposes of Part 8  

   PART 5--STATUTE LAW REVISION

   25.     Statute law revision—Land Tax Act 2005  
   26.     Statute law revision—Unclaimed Money Act 2008  

   PART 6--REPEAL OF AMENDING ACT

   27.     Repeal of amending Act  
           ENDNOTES