Source: http://www.legislation.nsw.gov.au/fullhtml/inforce/act+80+2003+rp+0+Y
Timestamp: 2013-05-18 20:39:55
Document Index: 185109282

Matched Legal Cases: ['art 5', 'art 3', 'art 3', 'art 2', 'art 3', 'art 3', 'art 4', 'art 3', 'art 4', 'art 1', 'art 2', 'art 3', 'art 4', 'art 15', 'art 14', 'art 15', 'art:2003', 'art 5', 'art 10', 'art 9', 'art 10', 'art 5', 'art 5', 'art 5', 'art 7', 'art 7', 'art 7', 'art 6', 'art 5', 'art 6', 'art 6', 'art 5', 'art 6']

State Revenue Legislation Further Amendment Act 2003 No 80
Repealed version for 27 November 2003 to 5 July 2004 (accessed 19 May 2013 at 06:39).
2004 No 55, Sch 3 with effect from
Schedule 1 Amendment of Duties Act 1997
Schedule 2 Amendment of Fines Act 1996
Schedule 3 Amendment of First Home Owner Grant Act
Schedule 5 Amendment of Pay-roll Tax Act 1971
legislation; and for other purposes.1 Name of ActThis Act is the State Revenue
2003.2 Commencement(1) This Act commences on the date of assent, except as otherwise
provided by this section.(2) The following provisions commence, or are taken to have commenced,
on the dates indicated:(a) Schedule 1 (except Schedule 1 [20], [21], [22] and [26])—1
(b) Schedule 1 [20], [21], [22] and [26]—1 January
(c) Schedule 2—1 October 2003
(d) Schedule 4—31 December 2003
(e) Schedule 5 [1], [3] and [5]—1 January
(f) Schedule 6—1 January 2004
(g) Schedule 7—1 January 2004
3 Amendment of ActsThe Acts specified in Schedules 1–7 are amended as set out
in those Schedules.Schedule 1 Amendment of Duties Act 1997(Section 3)[1] Section 8 Imposition of duty on certain transactions
concerning dutiable propertyOmit “a court order,” from section 8 (1) (b)
(v).Insert instead “an order of a court of this or another
jurisdiction, whether inside or outside
Australia,”.[2] Section 8 (1) (b) (vii)Insert after section 8 (1) (b) (vi): (vii) a vesting of land in New South Wales by, or expressly authorised
by, statute law of this or another jurisdiction, whether inside or outside
[3] Section 8AInsert after section 8: 8A Vesting of land in New South Wales by statute
law(1) Without limiting section 8 (1) (b) (vii), land in New South Wales
is vested under statute law if the law vests the land in an entity that the
law states is the successor in law of, continuation of or same entity as, the
entity in which the land was previously vested.(2) However, land in New South Wales is not vested under statute law
on the registration of a company under Part 5B.1 of Chapter 5B of the Corporations Act 2001 of the
Commonwealth.(3) The merger of a corporation (company A) with
and into another corporation (company B) in circumstances
where neither subsection (4) nor subsection (5) applies is taken to be a
vesting of the land in New South Wales of company A in company B by statute
law.(4) A merger of corporations (the merging
corporations) in circumstances where another corporation
(company C) results as a consequence of the merger is taken
to be a vesting of the land in New South Wales of the merging corporations in
company C by statute law.(5) A merger of corporations (the merging
corporations) with and into each other in circumstances where each
of the merging corporations continues in existence is taken to be a vesting in
the merging corporations, jointly, of 50% (in value) of the land in New South
Wales of the merging corporations by statute law.[4] Section 9 Imposition of duty on dutiable transactions
that are not transfersInsert at the end of the Table to the section in columns
1–4, respectively: vesting by statute lawthe vested land in New South Walesthe person in whom the land is
vestedwhen the vesting by statute law
occurs[5] Sections 15 (1), 78 (1), 101 (1), 130, 136 and
143Omit “a form approved by the Chief Commissioner”
form”.[6] Section 24Omit the section. Insert instead: 24 Interests, agreements and arrangements that reduce the
dutiable value(1) In determining the dutiable value of dutiable property under this
Part, any interest, agreement or arrangement (other than an encumbrance)
granted or made in respect of the dutiable property that has the effect of
reducing the dutiable value is to be disregarded, subject to subsection
(2).(2) An interest, agreement or arrangement is not to be disregarded if
the Chief Commissioner is satisfied that it was not granted or made as a part
of an arrangement or scheme with a collateral purpose of reducing the duty
otherwise payable on the dutiable transaction.(3) In considering whether or not he or she is satisfied for the
purposes of subsection (2), the Chief Commissioner may have regard to:(a) the duration of the interest, agreement or arrangement before the
dutiable transaction, and
(b) whether the interest, agreement or arrangement has been granted to
or made with an associated person, and
(c) whether there is any commercial efficacy to the granting of the
interest or the making of the agreement or arrangement other than to reduce
[7] Section 26 Certain transactions concerning goods and
other propertyInsert at the end of the section: (2) This section does not enable the Chief Commissioner to disregard
the value of goods used in connection with a business in respect of which the
goodwill of the business is, or is part of, the dutiable
property.[8] Section 50 Cancelled agreementsOmit “rescinded or annulled” wherever
occurring.Insert instead “cancelled”.[9] Section 50 (3)Insert after section 50 (2): (3) In this section, cancelled means rescinded,
annulled or otherwise terminated without
completion.[10] Section 65 Exemptions from dutyInsert after section 65 (11): (12) Vesting by statute law—deceased estates No duty is chargeable under this Chapter on the vesting of
dutiable property in a legal personal representative of a deceased
person.[11] Section 99 Transfer by special trust to
corporationOmit “section 160ZZN (Transfer of asset to wholly-owned
company) of the Commonwealth Income Tax Assessment
Act 1936” from section 99 (1) (b).Insert instead “Division 122 of Part 3-3 of the Commonwealth
1997”.[12] Section 166 What is the “cost” of a
lease?Omit “the lease” from section 166 (1)
(b).Insert instead “a lease of premises in a retirement village
within the meaning of section 5 of the Retirement Villages Act
1999”.[13] Section 166 (2)Insert “but does not include any premium paid or payable
expressed to be rent” after “to be
rent”.[14] Section 170 General rateInsert at the end of the section: (2) In addition, duty at the rate chargeable under section 32 (1) is
chargeable on the amount of any premium paid or payable in respect of the
lease (other than a premium paid or payable in respect of a lease of premises
in a retirement village within the meaning of section 5 of the Retirement Villages Act 1999) as if
that amount were the dutiable value of dutiable property subject to a dutiable
transaction.[15] Section 179 ExemptionsInsert “subject to subsection (3),” before “a
lease” in section 179 (1) (a).[16] Section 179 (1) (b)Insert “subject to subsection (3),” before “a
lease”.[17] Section 179 (2) (c)Insert at the end of section 179 (2) (b): , or(c) so much of the consideration paid or agreed to be paid on the
grant of the lease as is chargeable with duty under Chapter
[18] Section 179 (3) and (4)Insert after section 179 (2): (3) Subsection (1) (a) or (b) does not apply to a lease that is one of
two or more leases:(a) that are:(i) for terms that are consecutive or not more than 3 months apart,
(ii) over the same or substantially the same property,
(iii) between the same lessor and lessee or associated persons of the
lessee, and
(b) the date of first execution of each of which is within a period of
12 months, and
(c) that, if they were taken to be a single lease instrument for a
term which is the aggregation of the terms of the leases and for a total cost
which is the aggregation of the costs of the leases, would be chargeable with
(4) The lease instruments for two or more leases that satisfy the
requirements of subsection (3) are, for the purposes of this Chapter, taken to
be a single lease instrument for a term which is the aggregation of the terms
of the leases and for a total cost which is the aggregation of the costs of
the leases.[19] Section 208 When does a liability arise?Insert after section 208 (4): (5) A reference in subsection (3) to land does not include a reference
to an interest in land that is held by way of
security.[20] Section 218B Collateral mortgageInsert “on the date of its first execution” after
“chargeable” in section 218B (1).[21] Section 218B (1) (b)Omit “under section 217”. Insert instead “under
this Act”.[22] Section 218B (1A)Insert after section 218B (1): (1A) However, if at the time an advance or a further advance is made
under a mortgage, instrument of security or mortgage package referred to in
subsection (1) no such mortgage or mortgage package has been duly stamped
under this Act (this section excepted), the collateral mortgage ceases to be a
collateral mortgage for the purposes of this section and is chargeable with
duty under this Act otherwise than as a collateral
mortgage.[23] Section 267 ExemptionsOmit “mine rescue work in accordance with the
Mines Rescue Act 1925” from section 267
(5) (b) (ii).Insert instead “mines rescue functions in accordance with
the Coal Industry Act
2001”.[24] Section 284AInsert after section 284: 284A Joint government enterprise—water savings
projectsDuty under this Act is not chargeable, in the case of a joint
savings projects, on the following:(a) a dutiable transaction in respect of dutiable property if the
enterprise is the person described in this Act as the person liable to pay the
(b) an instrument executed by or on behalf of the enterprise if the
(c) an application by the enterprise to register a motor
(d) any insurance taken out by or on behalf of the
[25] Schedule 1 Savings, transitional and other
Act)[26] Schedule 1Insert at the end of the Schedule with appropriate Part and clause
numbers: Part Provisions consequent on enactment of State Revenue Legislation Further Amendment Act
2003Collateral mortgagesSection 218B, as amended by the State Revenue Legislation Further Amendment Act
2003, extends to a mortgage on which minimum duty of $10 was
paid before the commencement of the amendments if an advance or a further
advance is made after that commencement as referred to in section 218B
(1A).[27] DictionaryOmit the definition of approved. Insert instead: approved form means a form approved under
section 34 of the Taxation Administration
Act 1996.Schedule 2 Amendment of Fines Act 1996(Section 3)[1] Section 22 Persons who may issue and deal with penalty
notices (appropriate officers)Omit section 22 (2) (b). Insert instead: (b) a person employed in the Office of State Revenue in the Treasury
and authorised by the Chief Commissioner of State Revenue for the purposes of
[2] Section 114 Functions of OfficeInsert after section 114 (1): (1A) The Office:(a) may enter into arrangements with persons who issue penalty
notices, or on whose behalf penalty notices are issued, for or with respect to
the receipt, recovery and collection of amounts payable under those notices,
including the issuing of courtesy letters, and
(b) may receive, recover and collect, and may otherwise deal with,
those amounts in accordance with those arrangements, and
(c) may do all such things as may be necessary or convenient for the
exercise of the functions referred to in paragraphs (a) and (b),
including:(i) the issuing of court attendance notices, and
(ii) the demanding and recovering of fees and charges with respect to
the provision of its services.
[3] Schedule 3 Savings, transitional and other
Act)[4] Schedule 3, Part 3Insert after Part 2: Part 3 Provisions consequent on enactment of State Revenue Legislation Further Amendment Act
200311 Service level deedsThe Treasurer and the Director of the State Debt Recovery Office
are taken to be parties to each service level deed in force as at 1 October
2003 and entered into by the Commissioner of Police, or otherwise by or on
behalf of the Infringement Processing Bureau within NSW Police, for or with
respect to the processing of penalty notices.12 Construction of references to the Infringement Processing
BureauA reference in any instrument made before the commencement of this
clause to the Manager, Infringement Processing Services of the Police Service,
the Infringement Processing Bureau within the Police Service or a person
employed in the Infringement Processing Bureau is taken to be a reference
to:(a) if the reference is made in relation to the issuing or processing
of a penalty notice, a person employed in the Office of State Revenue in the
Treasury and authorised by the Chief Commissioner of State Revenue for the
purposes of Part 3 of this Act, or
(b) if the reference is made otherwise than in relation to the issuing
of a penalty notice, the State Debt Recovery
subject to the regulations.Schedule 3 Amendment of First Home Owner Grant Act
2000(Section 3)[1] Section 3 DefinitionsInsert in alphabetical order: multiple occupancy contract—see section
6A.multiple occupancy land—see section
6B.terms contract means a contract for the sale or
purchase of land under which the purchaser:(a) is obliged to make 2 or more payments to the vendor after the
execution of the contract and before becoming entitled to a conveyance or
transfer of the land, and
(b) is entitled to possession or occupation of the land before
becoming entitled to a conveyance or transfer of the
[2] Section 5 Ownership of land and homesInsert after section 5 (2) (e): (e1) an interest as purchaser of an estate in fee simple under a terms
[3] Sections 6A and 6BInsert after section 6: 6A Multiple occupancy contract(1) For the purposes of this Act:(a) a contract made on or after 1 July 2002 for the purchase of a home
is a multiple occupancy contract if 2 or more homes are
purchased under the contract and the homes are on the same parcel of land,
(b) a comprehensive home building contract made on or after 1 July
2002 is a multiple occupancy contract if 2 or more homes
are to be built under the contract and the homes are on the same parcel of
(2) The provisions of this Act apply in respect of a multiple
occupancy contract as if a separate contract had been made in respect of each
home purchased or built under the contract that is an exclusive
occupancy.(3) Accordingly, each of those contracts may, subject to the
requirements of section 13, be treated as a separate eligible transaction
under this Act and section 7 (4) does not prevent the payment of a grant in
respect of each such eligible transaction.(4) A home is an exclusive occupancy only if the
Chief Commissioner is satisfied that the purchaser of the home or the party to
the contract for whom the home is built is, on the completion of the contract,
entitled to occupy that home as a place of residence to the exclusion of the
persons who purchase the other homes, or for whom the other homes are built,
under the contract.6B Multiple occupancy land(1) For the purposes of this Act, a parcel of land is
multiple occupancy land if there are 2 or more homes, built
or being built, on the parcel.(2) The provisions of this Act apply in respect of the purchase or
building of a home on multiple occupancy land as if the home purchased or
built is an exclusive occupancy.(3) A home is an exclusive occupancy only if the
Chief Commissioner is satisfied that the persons who occupy the home as a
place of residence are entitled to do so to the exclusion of the persons who
occupy the other home or homes on the parcel of
land.[4] Section 11 Criterion 4—Applicant (or
applicant’s spouse) must not have had relevant interest in residential
propertyOmit “before the date on which the application is made, held
an interest in property (other than property to which the application
relates)” from section 11 (3).Insert instead “before the commencement date of the eligible
transaction to which the application relates, held an interest in
property”.[5] Section 12 Criterion 5—Residence
requirementOmit “within 12 months after completion of the eligible
transaction or a longer period approved by the Chief Commissioner” from
section 12 (1).Insert instead “for a continuous period of at least 6
months”.[6] Section 12 (1A) and (1B)Insert after section 12 (1): (1A) However, if the Chief Commissioner is satisfied there are good
reasons to do so, the Chief Commissioner may:(a) approve a shorter period, or
(b) exempt the applicant from the requirement to comply with
(1B) The period of occupation required under subsection (1), or the
shorter period approved under subsection (1A) (a), must start within 12 months
after completion of the eligible transaction or a longer period approved by
the Chief Commissioner.[7] Section 13 Eligible transactionsInsert “except in the case of a terms contract,”
before “if” in section 13 (5) (a) (ii).[8] Section 15 All interested persons to join in
applicationOmit section 15 (2). Insert instead: (2) An interested person is a person who is, or
will be, on the completion of the eligible transaction to which the
application relates, an owner of the relevant home but does not include the
following persons:(a) a person who is excluded from the application of this section by
the Chief Commissioner because the Chief Commissioner has recognised the
interest of another person to be a non-conforming interest under section 5
(b) in the case of a home being purchased or built under a multiple
occupancy contract, a purchaser of another home under the contract or party to
the contract for whom another home is being built under the contract, and who
does not, on the completion of the contract, acquire any entitlement to occupy
the home that is the subject of the application,
(c) in the case of a contract to purchase or build a home on multiple
occupancy land, a person who has an exclusive occupancy of another home on the
multiple occupancy land and who does not, on completion of the contract,
acquire any entitlement to occupy the home that is the subject of the
(d) the New South Wales Land and Housing
[9] Section 20 Payment in advance, subject to statutory
conditionsInsert “for a continuous period of at least 6 months
commencing” after “principal place of residence” in section
20 (1) (b).[10] Schedule 1 Savings, transitional and other
Act)[11] Schedule 1, Part 4Insert after Part 3: Part 4 Provisions consequent on enactment of State Revenue Legislation Further Amendment Act
20036 DefinitionIn this Part:amending Act means the State Revenue Legislation Further Amendment Act
2003.7 Some amendments operate from 1 July 2002(1) The amendments made to this Act by Schedule 3 [1], [2], [3], [7]
and [8] to the amending Act are taken to have operated from 1 July 2002 and,
subject to subclause (2), apply from 1 July 2002 in respect of contracts made
before, on or after that date.(2) The multiple occupancy contract amendments apply only to contracts
made on or after 1 July 2002.(3) For the purposes of this clause, the multiple occupancy
contract amendments are:(a) Schedule 3 [3] to the amending Act, and
(b) Schedule 3 [1] and [8] to the amending Act, insofar as they relate
to multiple occupancy contracts.
8 Criterion 5—residence requirementThe amendments made to section 12 by Schedule 3 [5] and [6] to the
amending Act apply to applications made on or after 1 January
2004.Schedule 4 Amendment of Land Tax Management Act
1956(Section 3)[1] Section 3 DefinitionsOmit section 3 (3).[2] Section 3A Special trust—meaningInsert at the end of section 3A (4) (d): , or(e) if the trust is established by will, but only during the period
ending on the expiration of 12 months after the date of death of the testator,
or such further period as may be approved by the Chief Commissioner in a
[3] Section 10 Land exempted from taxOmit “10AA,” from section 10
(1).[4] Section 10 (1) (p3)Insert after section 10 (1) (p2): (p3) land that is vested in, owned by, held on trust by or for, or
leased by a joint government enterprise that has the function of allocating
funds for water savings projects,
[5] Section 10 (1) (r)Omit the paragraph. Insert instead: (r) land that is exempt from taxation under the principal place of
residence exemption, as provided for by Schedule
[6] Section 10 (1D), (1F), (1FA) and (1G)Omit the subsections.[7] Section 10AA Exceptions to principal place of residence
exemptionOmit the section.[8] Section 10AOmit the section. Insert instead: 10A Land used for several purposes(1) If land is used for more than one purpose and each of those
purposes is an exempt purpose, the land is exempt from
taxation.(2) A purpose for which land is used is an exempt
purpose if land used solely for that purpose would be exempt from
taxation because of its use for that purpose.[9] Sections 10H, 10I and 10JOmit the sections.[10] Section 10T Concession for unoccupied land intended to
be owner’s principal place of residenceOmit the section.[11] Schedule 1AInsert before Schedule 1: Schedule 1A Principal place of residence exemption(Section 10 (1) (r))Part 1 Preliminary1 Definitions(1) In this Schedule:principal place of residence
exemption—see clause 2.residential land—see clause
3.taxing date—means midnight on the
thirty-first day of December.(2) For the purposes of this Schedule, a reference to the owner of
land includes, if there are joint owners, any one or more of those joint
owners.Part 2 Principal place of residence exemption2 Principal place of residence exemption(1) Land used and occupied by the owner as the principal place of
residence of the owner of the land, and for no other purpose, is exempt from
taxation under this Act, in respect of the year commencing on 1 January 2004
or any succeeding year, if:(a) the land has a land value in respect of the year of less than the
premium tax threshold, and
(b) the land is:(i) a parcel of residential land, or
(ii) a lot under the Strata Schemes
(Freehold Development) Act 1973 or a lot under the Strata Schemes (Leasehold Development) Act
(2) Land is not used and occupied as the principal place of residence
of a person unless:(a) the land, and no other land, has been continuously used and
occupied by the person for residential purposes and for no other purposes
since 1 July in the year preceding the tax year in which land tax is levied,
(b) in any other case, the Chief Commissioner is satisfied that the
land is used and occupied by the person as the person’s principal place
(3) If the owner of land is entitled to the exemption conferred by
this clause, no other person is liable to be assessed for taxation under this
Act in respect of the land during the period of the owner’s entitlement
to the exemption.(4) The exemption conferred by this clause is referred to as the
exemption.3 Residential land—meaning(1) In this Schedule, residential land means land
that is used and occupied for residential purposes and for no other purpose,
that use and occupation being use and occupation of a building or buildings
designed, constructed or adapted for residential purposes, other than a
building or buildings:(a) comprised of lots within a strata plan or residential units,
(b) containing (out of the total of all rooms in the building or
buildings) occupancies other than that of the owner, or
(c) from any part of which income is
(2) Land does not cease to be used and occupied as provided by
subclause (1) by reason of there being on that land any building or
improvement that is used or occupied for a purpose ancillary to the purposes
for which the building is, or the buildings are, designed, constructed or
adapted.Note. Clause 4 allows one residential occupancy to be disregarded in
applying the principal place of residence exemption. Clause 5 allows the use
of land for purposes ancillary to a business conducted at a different place to
be disregarded in certain circumstances.Part 3 Concessions in application of principal place of
residence exemption4 Concession for land on which there is one other residential
occupancy(1) For the purposes of the principal place of residence exemption, if
a building or buildings used or occupied for residential purposes contains or
contain a residential occupancy other than that of the owner, the use of the
building or buildings for the purpose of that residential occupancy may be
disregarded if:(a) the residential occupancy is an excluded residential occupancy,
(b) the building contains or buildings contain (out of a total of all
rooms in the building or buildings) not more than one of those excluded
residential occupancies (not including the occupancy of the
(2) For the purposes of this clause, each of the following residential
occupancies is an excluded residential occupancy:(a) one room,
(b) one suite of rooms (not being a flat) each room of which all
occupants of the suite are entitled to occupy,
(c) one flat,
(d) one suite of rooms (not being a flat) each room of which all
occupants of the suite are entitled to occupy, and one
(e) one flat and one room,
(f) 2 rooms, each of which is separately
(3) Accordingly, land does not cease to be residential land because
there is on the land one, but not more than one, such excluded residential
occupancy, even if income is derived from the residential
occupancy.5 Concession for land used for incidental business
purposes(1) For the purposes of the principal place of residence exemption, if
land owned by a person is used and occupied by the owner primarily for
residential purposes but not more than one room is used primarily for business
purposes, the use of the land for the purpose of the business may be
disregarded if the business is primarily conducted
elsewhere.(2) Accordingly, land does not cease to be residential land because of
the use of one room primarily for business purposes, even if income is derived
from the use of the land for that purpose.(3) Nothing in this clause affects, or is affected by, clause
3.6 Concession for unoccupied land intended to be owner’s
principal place of residence(1) If the Chief Commissioner is satisfied that the owner of
unoccupied land intends to use and occupy the land solely as his or her
principal place of residence, the owner is taken, for the purposes of the
principal place of residence exemption, to use and occupy that land as his or
her principal place of residence.(2) This clause does not apply unless the Chief Commissioner is
satisfied that:(a) the land is unoccupied because the owner intends to carry out, or
is carrying out, building or other works necessary to facilitate his or her
intended use and occupation of the land as a principal place of residence,
(b) if those building or other works have physically commenced on the
land, no income has been derived from the use and occupation of the land since
that commencement, and
(c) the intended use and occupation of the land is not
(3) This clause applies in respect of the assessment of a
person’s ownership of land only in the period of:(a) 2 tax years immediately following the year in which the person
became owner of the land, or
(b) if the land is used and occupied for residential purposes by a
person other than the owner at any time after the person became owner, 2 tax
years immediately following the tax year in which the building or other works
necessary to facilitate the owner’s intended use and occupation of the
land are physically commenced on the land.
(4) The Chief Commissioner may extend the period in which this clause
applies if satisfied that:(a) there is a delay in the completion or, in a case referred to in
subclause (3) (b), the commencement of the building or other works necessary
to facilitate the owner’s intended use and occupation of the land,
(b) the delay is due primarily to reasons beyond the control of the
(5) If the principal place of residence exemption applies by operation
of this clause to land not actually used and occupied by a person as his or
her principal place of residence on a taxing date, that exemption is revoked
if the person fails to actually use and occupy the land as his or her
principal place of residence by the end of the period in which this clause
applies in respect of the assessment of the person’s ownership of the
land and to continue to so use and occupy the land for at least 6
months.(6) The effect of the revocation is that the principal place of
residence exemption is taken not to have applied to the land in respect of any
tax year to which, but for the revocation, it would have applied. Land tax
liability is to be assessed or reassessed
accordingly.(7) This clause does not apply in respect of land owned by a person
if:(a) the person or any member of the person’s family (within the
meaning of clause 12) is entitled to have his or her actual use and occupation
of other land taken into account under section 9C or under this Schedule,
(b) the person or any joint owner of the land owns land outside New
South Wales that is the principal place of residence of the person or joint
(c) the land, or the land if combined with any adjoining land of which
the person is an owner, is capable of having more than 2 residences or
residential units lawfully built on it.
(8) For the purposes of this clause:unoccupied land means land that is not being
used or occupied for any purpose.7 Concession for sale of former principal place of
residence(1) If the Chief Commissioner is satisfied that, on a taxing date
(the relevant taxing date):(a) a person is the owner of land (the former
residence) that was the principal place of residence of the person
on the relevant taxing date or was the principal place of residence of the
person on the preceding taxing date, and
(b) the person is the owner of other land (the new
residence) that is being or is intended to be used and occupied by
the person as his or her principal place of
both the former residence and the new residence are taken, for the
purpose of the principal place of residence exemption, to be used and occupied
by the person as the person’s principal place of residence on the
relevant taxing date.(2) This clause applies in respect of land owned by a person only if
the Chief Commissioner is satisfied that:(a) the former residence has not been used or occupied except as the
person’s principal place of residence, and no income has been derived
from the use or occupation of the residence, since the preceding 1 July,
except:(i) income derived from an excluded residential occupancy (within the
meaning of clause 4), or
(ii) income derived under a lease or licence entered into by the
purchaser under a contract for the sale of the former residence for a period
pending completion of the sale, and
(b) the person became the owner of the new residence within the period
of 6 months before the relevant taxing date, and
(c) since the person became owner of the new residence the new
residence has not been used or occupied except:(i) as the person’s principal place of residence,
(ii) by a tenant under a lease entered into by the previous owner,
(d) the person intends to dispose of the former residence within 6
months after the relevant taxing date.
(3) If the principal place of residence exemption applies by operation
of this clause to land not actually used and occupied by a person at the
relevant taxing date, the exemption is revoked if:(a) the person fails to dispose of the former residence within 6
months after the relevant taxing date, or such further period as may be
approved by the Chief Commissioner, or
(b) the person is not actually using and occupying the new residence
as his or her principal place of residence by the next taxing date immediately
following the relevant taxing date.
(4) The effect of the revocation is that the principal place of
residence exemption is taken not to have applied in respect of any tax year to
which, but for the revocation, it would have applied. Land tax liability is to
be assessed or reassessed accordingly.(5) For the purposes of this clause, a person
disposes of a former residence if:(a) the person ceases to be an owner of the former residence,
(b) the person enters into an agreement for the sale of the former
8 Concession for absences from former residence(1) If the Chief Commissioner is satisfied that:(a) a person is the owner of land (the former
residence) that has been used and occupied by the person as his or
her principal place of residence for a continuous period of at least 6 months,
(b) the person uses and occupies other land (whether or not in New
South Wales), that is not owned by the person, as his or her principal place
the person is taken, for the purpose of the principal place of residence
exemption, to continue to use and occupy the former residence as his or her
principal place of residence.(2) The maximum period for which a person may be taken, under this
clause, to continue to use and occupy a former residence as a principal place
of residence is 6 years starting at the end of the last period (of at least 6
months) during which the former residence was used and occupied by the person
as a principal place of residence (not including any period for which the
person may be taken, under clause 7 or this clause, to have used and occupied
the former residence as a principal place of
residence).(3) If the principal place of residence exemption applies to the
former residence of a person by operation of this clause, the exemption is
revoked if the person is the owner of the former residence at the end of the
6-year period referred to in subclause (2) and fails:(a) to resume actual use and occupation of the residence as a
principal place of residence by the end of that period,
(b) to continue that use and occupation for at least 6
residence exemption is taken not to have applied to the former residence in
respect of any tax year to which, but for the revocation, it would have
applied. Land tax liability is to be assessed or reassessed
accordingly.(5) If the principal place of residence exemption is revoked, the
reassessment of land tax liability more than 5 years after an initial
assessment was made in respect of the land is authorised.Note. Section 9 of the Taxation
Administration Act 1996 provides the Chief Commissioner cannot
make a reassessment of tax liability more than 5 years after an initial
assessment. That provision does not apply if reassessment after that period is
authorised by a taxation law.(6) This clause applies in respect of the assessment of a
person’s ownership of land in a tax year only if the Chief Commissioner
is satisfied that no income has been derived from the use or occupation of the
former residence in the preceding tax year, except as permitted by subclause
(7).(7) Income may be derived from the use or occupation of the former
residence in a tax year if:(a) the income is derived from a lease, licence or other arrangement
under which a person has a right to occupy the former residence and the total
period for which any such right of occupation is conferred does not exceed 6
months in the tax year, or
(b) the income is derived from any arrangement under which a person
occupies the former residence, but the income is no more than is reasonably
required to cover council, water and energy rates and charges and maintenance
costs of the owner in respect of the residence.
(8) This clause is subject to clause 12 (which limits members of a
family to one principal place of residence
exemption).9 Concession on death of owner(1) If, immediately before the death of a person, the person was an
owner of residential land and used and occupied the land as his or her
principal place of residence, liability for land tax in respect of the land is
to be assessed as if the person had not died and had continued to so use and
occupy the land.(2) Subclause (1) operates only until whichever of the following
happens first:(a) a period of 12 months expires after the date of the
deceased’s death,
(b) the deceased’s interest in the land vests in a person (other
than as the deceased’s personal representative) pursuant to the
(3) If the deceased’s interest in the land has not vested in a
person (except as the deceased’s personal representative) within 12
months after the deceased’s death, the Chief Commissioner may extend
(and further extend) the period of 12 months referred to in subclause (2) but
only if satisfied that:(a) a person is using and occupying the land as his or her principal
(b) that person is likely to be a person in whom the deceased’s
interest in the land vests pursuant to the administration of the
(4) Such an extension or further extension by the Chief Commissioner
can only be granted in writing and can be withdrawn by the Chief Commissioner
at any time by notice in writing given to the deceased’s personal
representative.(5) For the purposes of this section, if the deceased is a registered
proprietor under the Real Property Act
1900 in respect of his or her interest in the land, the
deceased’s interest in the land is taken to vest in another person when
that other person is registered as the proprietor of that interest under that
Act.10 Concession for tenancy following death of ownerFor the purposes of the principal place of residence exemption, if
the owner of land dies and the land is used and occupied as the principal
place of residence of:(a) a person using and occupying the land under a right of occupancy
created by the will of that owner, or
(b) a person (other than a tenant) who resided with that owner
immediately before his or her death and who continues to use and occupy the
land with the permission of the deceased person’s personal
representative, or of any other person, granted under a power or right
conferred by the will of that owner,
then the person who so uses and occupies the land is taken to be the
owner of the land, but only while that use and occupation
continues.Part 4 Restrictions11 Exemption does not apply to land owned by companies and
trustees(1) Land is not exempt from taxation under the principal place of
residence exemption if:(a) the land is owned by a company, unless the land is owned by a
trustee company acting in its representative capacity or a company acting in
its capacity as trustee of a concessional trust, or
(b) the owner of the land, or each of the joint owners, who use and
occupy the land as a principal place of residence is an owner only by reason
of being a trustee, or
(c) the land is owned, or jointly owned, by a person who is a trustee
acting in the person’s capacity as trustee of a special
Note. The expression trustee company (as referred to
in subclause (1) (a)) is defined in section 3 (1).(2) For the purposes of the principal place of residence exemption,
land that is owned by a company acting in its capacity as trustee of a
concessional trust is taken to be used and occupied as the principal place of
residence of the owner of the land only if the person, or one of the persons,
who so uses and occupies the land is a person who is a beneficiary of the
trust.(3) For the purposes of this clause, land that is a parcel of
residential land or a lot under the Strata
Schemes (Freehold Development) Act 1973 is owned by a company
if:(a) the land is owned by a company, or
(b) the land is owned on behalf of a company and is land of which a
mortgagee or person (by way of security for money) is in possession,
(c) the land is owned by a trustee for or on behalf of a company,
(d) a company is a joint owner of the land with any other
(4) For the purposes of this clause, land that is a lot under the
1986 is owned by a company if:(a) the lot is leased by a company, or
(b) the lot is leased on behalf of a company and is land of which a
(c) the lot is leased by a trustee for or on behalf of a company,
(d) a company is jointly assessable in respect of the lot with any
(5) For the purposes of this clause, a person is a
beneficiary of a trust if the person is a person, or a
member of a class of persons:(a) in whose favour, by the terms of the trust, capital or income the
subject of the trust may be applied:(i) in the event of the exercise of a power or discretion in favour of
(ii) in the event that a discretion conferred under the trust is not
exercised, or
(b) entitled or permitted, under the terms of the trust, to use and
occupy land that is the subject of the trust.
12 Only one principal place of residence for all members of
same family(1) For the purposes of the principal place of residence exemption,
only one place of residence may be treated as the principal place of residence
of all members of the same family.(2) If members of a family own (whether jointly or separately) more
than one residence used and occupied by any of them as a principal place of
residence, the Chief Commissioner is to treat the one place of residence
elected as the principal place of residence of the family as the principal
place of residence of all members of the family in respect of a tax
year.(3) Such an election is to be made, by or on behalf of the members of
the family, in writing and must be lodged with the Chief Commissioner within
the period for the lodging of objections under section 89 of the Taxation Administration Act
1996.(4) An election may be made, in respect of a tax year, by the end of
the period allowed for the lodging of an objection to a notice of assessment
of land tax liability (being an initial assessment of land tax liability) for
that tax year.(5) If an election is not made, the Chief Commissioner is to treat the
residence that has the highest land value for land tax purposes as the
principal place of residence of all members of the
family.(6) For the purposes of this clause, a family
consists of the following:(a) a person and his or her spouse (if any),
(b) any dependent child or dependent step-child of the person and his
or her spouse (or of either of them) who ordinarily resides with the person or
(7) A person is the spouse of another person
if:(a) they are legally married, or
(b) they are living together as a couple in a de facto relationship
(Relationships) Act 1984.
(8) However, if the Chief Commissioner is satisfied that a
person:(a) is legally married to another person but not cohabiting with that
other person, and
(b) has no intention of resuming cohabitation with that other
the person is not to be regarded as the spouse of that other person and
if a dependent child or dependent step-child of the person has a joint
interest in the principal place of residence of the spouse, that interest is
to be disregarded.(9) A person who is the child or step-child of another person is a
dependent child or a dependent
step-child if the person is under 18 years of age and is not legally
married.(10) Nothing in this clause prevents more than one residence from being
treated as the principal place of residence of members of a family under
clause 7 (Concession for sale of former principal place of
residence).[12] Schedule 2 Savings and transitional
provisionsInsert at the end of clause 1A (1): State Revenue Legislation
Act)[13] Schedule 2, Part 15Insert after Part 14: Part 15 Provisions consequent on enactment of State Revenue Legislation Further Amendment Act
200333 DefinitionIn this Part:2003 amending Act means the State Revenue Legislation Further Amendment Act
2003.34 Amendment to definition of “special
trust”The amendment made to section 3A by the 2003 amending Act is taken
to have had effect from 31 December 2002.35 Application of principal place of residence exemption
amendments(1) The amendments made to this Act by the 2003 amending Act (other
than the amendments referred to in clause 34) apply in respect of a land tax
year commencing on or after 1 January 2004 and do not affect any existing
liability for land tax.(2) Subject to subclause (1), a reference in Schedule 1A to the
principal place of residence exemption, in relation to land owned and occupied
as a principal place of residence before 31 December 2003, is a reference to
section 10 (1) (r) of this Act (as in force immediately before its
substitution by the 2003 amending Act).(3) Subject to subclause (1), a reference in clause 8 of Schedule 1A
to a period in which land was actually used and occupied as a principal place
of residence by the owner extends to any such period that occurred, or
started, before 31 December 2003.Schedule 5 Amendment of Pay-roll Tax Act 1971(Section 3)[1] Section 6 Wages liable to pay-roll taxInsert at the end of section 6 (1) (c): , or(d) are wages that are paid or payable outside New South Wales for
services performed or rendered partly in New South Wales, other than:(i) wages so paid or payable for services performed or rendered mainly
in another State that are liable to pay-roll tax under a provision of a
corresponding law, or
(ii) wages so paid or payable for services performed or rendered partly
but not mainly in New South Wales and partly but not mainly in at least one
other State, if pay-roll tax is paid under a corresponding law,
(iii) wages so paid or payable for services ordinarily performed or
rendered in another country if the person does not regularly perform or render
[2] Section 10 Exemptions from pay-roll taxInsert at the end of section 10 (1) (q): , or(r) by a joint government enterprise that has the function of
allocating funds for water savings projects.
[3] Part 5A Recovery of tax from directors and former
directors of corporationsOmit the Part.[4] Schedule 6 Savings, transitional and other
Act)[5] Schedule 6, Part 10Insert after Part 9: Part 10 Provisions consequent on enactment of State Revenue Legislation Further Amendment Act
200317 Effect of repeal of Part 5A(1) Anything commenced to be done under Part 5A before the date of its
repeal by the State Revenue Legislation
Further Amendment Act 2003 may be continued to be done after
its repeal and may be completed as if Part 5A continued in
force.(2) Nothing in this clause limits or otherwise affects section 30 of
1987.Schedule 6 Amendment of Taxation Administration Act
1996(Section 3)[1] Section 17 Acceptance of money or return not necessarily
an assessmentInsert “, or the acceptance of a return or other
document,” after “document”.[2] Part 7, Division 1, headingInsert after the heading to Part 7:Division 1 General[3] Part 7, Division 2Insert after section 47: Division 2 Recovery of tax from directors and former
directors of corporations47A DefinitionsIn this Division:assessment amount means the amount of tax that
a corporation has been assessed as being liable to pay, as set out in a notice
of assessment, including any interest or penalty tax specified in the notice
of assessment as being payable by the corporation.special arrangement for the payment of an
assessment amount means an arrangement for the payment of tax made by the
Chief Commissioner under section 47.47B Liability of directors and former directors of
this Division as a former director), subject to subsection
(2) A compliance notice is a notice that advises
the director or former director on whom it is served that if the failure to
pay the assessment amount is not rectified within the period specified in the
notice, being a period of not less than 21 days, the director or former
director will be liable to pay the assessment
amount.(3) For the purposes of this Division, a failure to pay an assessment
[4] Section 82 Permitted disclosures—to particular
personsOmit section 82 (c).[5] Section 82 (k) (xiii)Omit “or”.[6] Section 82 (k) (xiv) and (xv)Insert after section 82 (k) (xiii): (xiv) the Commissioner of Police,
[7] Section 84 Prohibition on secondary disclosures of
informationOmit “Division 2”. Insert instead “this
Part”.[8] Section 96 Review by Administrative Decisions
TribunalInsert “(within the meaning of section 6 of the Administrative Decisions Tribunal Act
1997)” after “decision” in section 96
(1).[9] Section 104 Refund of amountInsert “, subject to section 19,” after
“must”.[10] Section 105 Payment of interestInsert “, subject to section 19,” after
“required”.[11] Schedule 1 Savings, transitional and other
Act)[12] Schedule 1, Part 6Insert after Part 5: Part 6 Provisions arising from enactment of State Revenue Legislation Further Amendment Act
of the amendment.Schedule 7 Amendment of Unclaimed Money Act 1995(Section 3)[1] Section 9 Certain money not unclaimed moneyOmit “$20” from section 9 (3) (c). Insert instead
“$100”.[2] Section 12 Publication of information relating to
unclaimed moneyOmit “$20” from section 12 (1) (a). Insert instead
“$100”.[3] Section 13D Publication of information relating to
unclaimed benefitsOmit “that exceeds $20 (or, if another amount is prescribed
by the regulations for the purposes of this paragraph, that other
amount)” from section 13D (1) (a).[4] Schedule 2 Savings, transitional and other
Act)[5] Schedule 2, Part 6Insert after Part 5: Part 6 Provisions consequent on enactment of State Revenue Legislation Further Amendment Act
200312 Publication of unclaimed money and benefit
informationSections 12 (1) and 13D (1), as in force immediately before the
amendments made to those provisions by the State Revenue Legislation Further Amendment Act
2003, continue to apply in respect of amounts of unclaimed
money or superannuation benefits exceeding $20 paid to the Chief Commissioner
Further Amendment Act 2003 No 80. Second reading speech made:
Legislative Assembly, 14.11.2003; Legislative Council, 19.11.2003. Assented to
27.11.2003. Date of commencement (except Schs 1, 2, 4, 5 [1] [3] and [5], 6
and 7), assent, sec 2 (1); date of commencement of Schs 1 (except Sch 1
[20]–[22] and [26]), 5 [1] [3] and [5], 6 and 7, 1.1.2004, sec 2 (2);
date of commencement of Sch 1 [20]–[22] and [26], 1.1.2003, sec 2 (2);
date of commencement of Sch 2, 1.10.2003, sec 2 (2); date of commencement of
Sch 4, 31.12.2003, sec 2 (2).