2009 legislative amendments

ensure that the premium payable for general insurance includes any contribution required to be paid by an insurer under the State Emergency Services Act 1989; and

update a reference to a Commonwealth health services law.

confirm that betting tax on approved betting activities is payable at a rate of 10.91 per cent; and

make it no longer possible to change the rate of tax payable except by changing the Act.

extend the application of the first home owner boost for new and established homes, and

establish a cap on eligibility for the first home owner grant, and

allow the Chief Commissioner to vary or reverse a decision to confer a grant that was based on false or misleading information provided by the applicant for a first home owner grant at any time after the decision is made, and

allow the Chief Commissioner to lodge a caveat in respect of land to ensure the payment of any amount that is recoverable from an applicant, and

permit information obtained in the administration of the First Home Owner Grant Act 2000 to be disclosed in connection with the administration of the First Home Saver Accounts Act 2008 of the Commonwealth, and

confirm that the commencement date of an eligible transaction is the date at which an applicant’s compliance with certain eligibility criteria is to be determined, and

make minor amendments for law revision purposes

make further provision for eligibility for a duty concession or exemption under the First Home Plus scheme, and

make further provision for the recovery of duty where the duty concession or exemption under the First Home Plus scheme is wrongly applied to an agreement or transfer, and

make the duty chargeable in respect of an acquisition of an interest in a landholder chargeable regardless of whether the landholder is 'land rich' and to make other changes to the scheme for landholder duty, and

revise and simplify arrangements for the assessment of duty on mortgages, and

deter artificial, blatant or contrived schemes to reduce, avoid or postpone liability for duty by introducing special provisions relating to the assessment of tax avoidance schemes, and

make further provision for the charging of duty in respect of the transfer of business assets, and

provide for further concessions in respect of transactions charged with nominal duty, and

require an emergency services levy to be treated as part of the premium of an insurance policy, for duty purposes

replace the current arrangements by which certain Crown bodies are charged with duty under that Act, and

make other minor amendments, including for law revision purposes

clarify that a duty of 5 per cent of the premium is payable on life insurance that is trauma or disability insurance

ensure that the relevant amount of wages that must be paid by employers annually in order for them to be designated as a designated group employer for payroll tax purposes, is the same as the threshold amount for payroll tax, and

authorise the Hardship Review Board, which is constituted under the Taxation Administration Act 1996, to exercise its functions under that Act in relation to payroll tax payable under the Payroll Tax Act 2007.

provide that the joint assessment of joint owners of land is to be on the basis of the aggregated values of the proportionate interests of non-exempt joint owners, and

make it clear that when the Commonwealth is a joint owner of land, the Commonwealth’s immunity from land tax does not confer immunity or exemption on any other joint owner, and

exempt company title home units from the provision that makes land tax a first charge on land, and

make it clear that a principal place of residence concession that applies following the death of the owner of residential land extends to strata lots, and

extend principal place of residence concessions that apply following the death of an owner to the land tax reductions that apply to partial use of land for residential purposes,

provide that lessees from the Crown of land on Lord Howe Island are exempt from land tax.

provide for the abolition of the payment of subsidies under that Act on 1 July 2009 (the subsidy abolition date), and

provide for the subsidy to no longer be payable for claims made more than 12 months after the subsidy abolition date, and

authorise regulations to be made postponing the subsidy abolition date in the event that the changes to the Queensland subsidy scheme are not proceeded with or are postponed.

provide that the market rate component of the interest rate that is payable on unpaid tax is to be updated quarterly rather than annually, and

provide that the reduction in penalty tax for a voluntary disclosure of information relating to a tax default does not apply to certain registered taxpayers who fail to lodge a return or pay tax by the due date.