All News and Announcements
3/2/2012...Revenue Ruling PTASA001 Released - Exporters Rebate
The Exporters Rebate Scheme is designed to encourage economic growth in South Australia by increasing exports.
This rebate only applies to wages that are liable for payroll tax in South Australia and is administered as part of government policy. It is not legislated under the Payroll Tax Act 2009.
Revenue Ruling PTASA001 replaces Information Circular 31 and provides more clarity for employers going forward in relation to RevenueSA's interpretation and administration of the payroll tax exporters rebate. The main clarifications in the Ruling are:
- services are considered to be supplied outside of Australia if the services are provided to a non-resident of Australia who is not in Australia when the services are supplied;
- the recipient of the services is the entity with whom the employer has a contractual relationship in relation to the services;
- where an employer provides services both inside and outside of Australia, the earnings from those services need to be clearly indentified to only include those earnings associated with the services provided outside Australia; and
- some examples have been included to assist with interpretation of the relevant criteria.
31/1/2012...Revenue Ruling SDA004 Released - Securitisation Transactions
Transactions under securitisation programmes relating to South Australian assets and mortgages have traditionally not been subject to stamp duty in South Australia due to the manner in which these transactions are structured.
The operative provisions of the Personal Property Securities Act 2009 (Cwlth), which commenced on 30 January 2012, may result in changes to the way securitisation transactions are structured in order to comply with the legislation. This could have stamp duty implications in South Australia.
The Government has approved the provision of ex gratia relief to securitisation transactions that are dutiable in South Australia, on or after 30 January 2012 in accordance with Revenue Ruling SDA004.
16/12/2011...Mid-Year Budget Review 2011-12
As part of the 2011-12 Mid-Year Budget Review released by the Treasurer today, the government has announced that it will delay the abolition of stamp duty on non-real non-residential conveyances by one year to 1 July 2013.
Further information is available in Information Circular 34.
28/11/2011...Minister for Finance
Effective from 24 November 2011, a number of powers and functions previously administered by the Treasurer, the Honourable Jack Snelling, have been delegated to the Minister for Finance, the Honourable Michael O'Brien. The Minister for Finance is now responsible for:
- taxpayer correspondence in relation to the legislation administered by RevenueSA;
- objections lodged under the Taxation Administration Act 1996 or the First Home Owner Grant Act 2000;
- ex gratia relief applications, including those for corporate reconstruction relief; and
- any other administrative matters that relate to the legislation administered by RevenueSA.
Information Circular 33 outlines the above delegation.
28/10/2011...Stamp Duty Document Guide (Opinions) & Information Circular 32 Released
The Stamp Duty Document Guide (Opinions) has been released in conjunction with Information Circular 32. The Stamp Duty Document Guide (Opinions) outlines the instruments required to be lodged for Opinion, along with corroborating evidence required.
RevNet users will be familiar with the Stamp Duty Document Guide which assists in calculating the stamp duty payable on the documents available for self-stamping on RevNet or through the RevenueSA Periodic Return Arrangement. This will now be referred to as the Stamp Duty Document Guide (Self-Determined).
To view the Stamp Duty Document Guide (Opinions), please click here.
19/8/2011...2011 RevenueSA Taxpayer Survey
The 2011 Taxpayer Survey has been released.
We would appreciate it if you would spend five to ten minutes to complete the survey. The survey can be accessed by clicking here.
Your feedback is important to us and we encourage you to be honest and constructive in your responses. Results from the survey will be published on our Internet site.
Please do not feel that you need to wait until our Taxpayer Survey to provide comments. We want to hear from you if, for any reason, you are dissatisfied with any services we provide you. We also want to hear your ideas on how we can improve our services. Naturally we would also like you to let us know when our service exceeds your expectations, we need the range of feedback to continually improve our services and develop new standards within our capabilities.
8/8/2011...2011-12 Guides to Legislation Released
The 2011-12 Guides to Legislation have been released for land tax and payroll tax, and are available on the land tax and payroll tax pages. They can be accessed by selecting 'guide to legislation' from the navigation menu.
For your convenience, you can access these publications via the link below:
2011-12 Land Tax Guide to Legislation
2011-12 Payroll Tax Guide to Legislation
4/8/2011...State Budget 2011 Assented to Today
His Excellency the Governor, today, granted assent to the First Home Owner Grant (Budget 2011) Amendment Act 2011, which introduced changes to the First Home Bonus Grant as announced in the 2011 State Budget.
Details regarding these changes can be located in Information Circular 23 issued on 9 June 2011.
3/8/2011...Information Circular 31 Released
The 2010-11 State Budget announced a reduction of the payroll tax exporters rebate to 10% of eligible wages, effective from 1 July 2011, with the rebate ceasing on 30 June 2013. Further information can be obtained in Information Circular 31.
Employers wishing to apply for the rebate should use the relevant application form for the applicable period. Application forms are available on the payroll tax form’s page.
2/8/2011...Revenue Ruling PTA038 Released
Revenue Ruling PTA038 has been released to provide information about employment relationships to assist employers, principals and their professional representatives determine whether their workers are common law employees.
To view this Ruling, please click here.
21/7/2011...Information Circular 29 & 30 Released
His Excellency the Governor, today, assented to two Acts that amend the Stamp Duties Act 1923.
The first, the Statutes Amendment (Land Holding Entities and Tax Avoidance Schemes) Act 2011, gives effect to measures announced by the Government in the 2010 State Budget on 16 September 2010. Information Circular 29 outlines the replacement of the previous land rich provisions in Part 4 of the Stamp Duties Act 1923 with landholder provisions which are deemed to come into force on 1 July 2011. A new exemption for transfer of property held by a security trustee to the trustee of a self managed superannuation fund and general anti-avoidance provisions into the Taxation Administration Act 1996 are also introduced.
The second, the Statutes Amendment (De Facto Relationships) Act 2011, is consequential upon the Commonwealth Powers (De Facto Relationships) Act 2009, which came into force in South Australia on 1 July 2010, referring South Australian legislative power to the Commonwealth in relation to the making of laws concerning the division of property of de facto partners upon their separation with effect from 1 July 2010. Further information can be obtained in Information Circular 30.
8/7/2011...Revenue Ruling PTA026[V2] Released
The previous version of this Revenue Ruling stated that the employment agent would be exonerated from any payroll tax liability in this situation if the employment agent had acted in good faith at all times. However, in the process of arriving at a single harmonised position, all jurisdictions have agreed that it is not appropriate to exonerate the employment agent in such circumstances. Accordingly, jurisdictions which had issued the previous version of this Revenue Ruling have re-issued this Revenue Ruling as PTA026[V2]
To view this Revenue Ruling, please click here.
As a result, Information Circular 6 has been replaced with Information Circular 28.
16/6/2011...Land Tax Summary of Changes 2011-12
The Land Tax (Miscellaneous) Amendment Act 2010 provides that from and including the 2011-12 financial year, based on figures provided by the Valuer-General, the land tax thresholds are to be indexed by the average percentage change in site values (refer to Information Circular 17).
The Valuer-General has published a Notice in the Gazette on 16/6/2011 advising that the average percentage change in site values is 5.2% and the corresponding Index Value relevant to the adjustment of land tax thresholds is 1.052. These determinations are made by the Valuer-General having regard to the Valuation of Land Act 1971 and the Land Tax Act 1936.
Further information is available in Information Circular 24.
6/6/2011..11th Annual States' Taxation Conference
The Tax Institute’s 11th Annual States' Taxation Conference is the only national symposium covering all state and territory taxes in one extensive technical program. It is being held In Melbourne on 28-29 July 2011. Full details and registration is available here.
12/5/2011...Revenue Ruling PTA039 Released
Revenue Ruling PTA039 explains the nexus rules and clarifies the circumstances when wages must be declared in South Australia for payroll tax purposes. It also clarifies the liability for wages paid for services performed outside all Australian jurisdictions.
To view this Revenue Ruling, please click here.
13/4/2011...Information Sessions
A number of free information sessions will be conducted during July for legal, accounting and conveyancing professionals, and employers with payroll tax obligations.
Sessions being held include:
- interjurisdictional payroll tax seminar including a payroll tax update - Adelaide
- stamp duty and land tax update - Adelaide
Bookings closed.
4/4/2011...RSS Newsfeed Now Available
You can now stay up to date with current announcements through our RSS Newsfeed.
30/3/2011...Perspectives Released
The latest edition of Perspectives has been released. This edition contains information on many land tax, payroll tax, FHOG and stamp duty matters, as well as a summary of the 2010 Taxpayer Survey.
To view please click here.
21/3/2011...Stamp Duty RevNet Opinions
Not all stamp duty documents are approved for self-determination via RevNet. Some stamp duty documents still require the opinion of the Commissioner of State Taxation. RevNet has the functionality to allow stamp duty opinion documents that have been assessed by RevenueSA to be viewed, paid for and stamped via RevNet.
Copies of opinion documents can be submitted to RevenueSA for assessment via:
- email: sdrequisitions@sa.gov.au;
- fax: (08) 8226 3737;
- post: GPO Box 1353, Adelaide SA 5001; or
- lodgement boxes: located at RevenueSA or the LTO.
The stamp duty opinions component of RevNet then provides users with the ability to:
- have requisitions and notice of assessment notifications emailed to a nominated email address;
- view requisitions online and respond to requisitions via email;
- view all outstanding opinion bundles lodged with RevenueSA; and
- fully pay and stamp documents via RevNet.
The use of RevNet does not incur any new or additional fees.
To register for Stamp Duty RevNet Opinions or for further information click here or call the RevNet Helpline on (08) 8207 2333.
21/1/2011...Email Scam Alert
Emails are currently being circulated claiming to be from state revenue offices advising that a refund is available and requesting personal information and details of credit card numbers.
The source of these emails is being investigated. RevenueSA would never send unsolicited emails requesting bank details or other personal information.
If you receive such an email do not respond to it and delete it immediately.
19/1/2011...The 'New Look' RevenueSA Website
We have recently redesigned our website and hope that it is easier for you to find the information you are looking for.
Whilst we have endeavoured to check that all aspects of the site are working correctly, should you come across a problem please don't hesitate to email us to let us know. All feedback is greatly appreciated.
22/11/2010...Trainee Wages Rebate Application Deadline 31 December 2010
With the implementation of the Payroll Tax Trainee Wages Exemption from 1 July 2010, all eligible Trainee Wages Rebate Applications for prior periods must be submitted to RevenueSA by close of business on Friday 31 December 2010. Applications received after this date will not be processed. For further information, please refer to Information Circular No 16 and Revenue Ruling PTA036 [This Revenue Ruling has since been withdrawn and replaced by Information Circular 21].
8/10/2010...Fraudulent Phone Calls
It has come to RevenueSA's attention that a taxpayer has received a telephone call from a person purporting to be from RevenueSA seeking personal information including bank details.
The person purporting to be from RevenueSA advises that an overpayment has been made and that a refund is available.
These phone calls have not originated from RevenueSA and if you receive such a phone call do not provide any information and terminate the call.
RevenueSA would never initiate unsolicited phone calls requesting bank details or other personal information.
16/9/2010...State Budget 2010-11
The following taxation measures were announced by the government as part of the State Budget handed down today, 16 September 2010:
- retargeting and enhancement of the First Home Bonus Grant and the introduction of a property value cap for the First Home Owner Grant in relation to eligible transactions entered into on or after 17 September 2010;
- introduction of a payroll tax exemption on wages paid to apprentices and trainees from 1 July 2010;
- abolition of the Petroleum Subsidy Scheme from 1 January 201;
- the phased abolition of the Payroll Tax Exporters Rebate from 1 July 2011; and
- the replacement of the existing land rich provisions
in the Stamp Duties Act 1923 with a landholder model
from 1 July 2011.
The legislative amendments to implement the first three measures are contained in the Statutes Amendment (Budget 2010) Bill 2010 (the “Bill”) which was introduced into Parliament today. The operation of these measures is subject to the Bill coming into force as an Act.
For futher information please see Information Circular 18.
16/8/2010...Stamp Duty - Transportable Homes
The Treasurer has approved ex gratia payments equal to the stamp duty paid or payable on the conveyance of a transportable home. This approval will apply to instruments entered into on or after 1 July 2009. Click here for further information.
16/8/2010...2010 RevenueSA Taxpayer Survey
The 2010 Taxpayer Survey has been released.
We would appreciate it if you would spend five to ten minutes to complete the survey. The survey can be accessed by clicking here. The survey will close at close of business on Friday, 17 September 2010.
Your feedback is important to us and we encourage you to be frank and constructive in your responses. Results from the survey will be published on our Internet site.
Please do not feel that you need to wait until our Taxpayer Survey to provide comments. We want to hear from you if, for any reason, you are dissatisfied with any services we provide you. We also want to hear your ideas on how we can improve our services. Naturally we would also like you to let us know when our service exceeds your expectations! We need the range of feedback to continually improve our services and develop new standards within our capabilities.
4/8/2010...Land Tax Relief for Deceased Estates
From the 2010-11 financial year, the Treasurer has approved, on a case-by-case basis, the provision of ex gratia relief from land tax for deceased estates for the first financial year following the death of the owner of the land. For further information please see Revenue Ruling LT001.
1/7/2010...Payroll Tax Exemption for Wages Paid to Apprentices & Trainees
The government has advised that legislation to implement this measure will be introduced into Parliament and that the provisions will be retrospective to 1 July 2010.
In the interim, until the legislation is in force, the Treasurer has approved RevenueSA to administer the exemption based on the criteria set out in Revenue Ruling PTA036.
28/6/2010...Notice Regarding Land Tax and ESL Certificates Please be advised of an increase in Certificate request fees for Land Tax and Emergency Service Levy and that RevenueSA will be performing end of financial year updates to databases during the period 5.00pm Tuesday 29 June 2010 to 9.00am Monday 5 July 2010. During this period you will be unable to request or update Certificates via RevNet. More information is available in our flyer. We apologise for any inconvenience this may cause. If you have any queries, please contact the RevNet Helpline on (08) 8207 2333. 18/5/2010...Tenth Annual States' Taxation Conference Thursday 29 – Friday 30 July 2010
Plus, hear in-depth technical discussions on contemporary aspects of payroll tax, landholder/land rich duty and a host of other issues! 17/5/2010...Information Sessions A number of free information sessions will be conducted during June and July for Legal, Accounting and Conveyancing Professionals, and employers with payroll tax obligations. Sessions being held include:
For more information and bookings, please click here. 3/5/2010...Amendment to Revenue Ruling FHOG001 Revenue Ruling FHOG001 was issued on 30 April 2010 after consultation with industry representatives. RevenueSA has since identified three minor changes that needed to be made to the ruling, two of which relate to contact details in the further information section. The third change is that a fully executed copy of the contract to build is required to be provided with an extension request, not just a copy of the signature page. 30/4/2010 ...Renewable Energy Rebate for Payroll Tax On 16 December 2009, the South Australian Government announced a rebate of payroll tax incurred during the construction phase of eligible, new renewable energy projects. 11/3/2010...WARNING - Fraudulent email Emails are continuing to be circulated claiming to be from RevenueSA advising that a refund is available and requesting personal information and details of credit card numbers. These emails have not originated from RevenueSA and their source is currently being investigated. RevenueSA would never send unsolicited emails requesting bank details or other personal information. If you receive such an email do not respond to it and delete it immediately. 28/1/2010...Land Tax Relief 2010-2011 The government has announced (subject to legislation being passed by Parliament), that land tax relief will be provided from 1 July 2010 by:
The top tax bracket of $1 million will remain unchanged. 11/12/2009...Stamp Duties on Policies of Insurance RevenueSA is currently conducting a compliance program to ensure that the relevant stamp duty has been paid on insurance premiums, in respect of policies insuring South Austalian risks effected outside of South Australia. For more information see Information Circular 008. 4/12/2009...Transfers of Partnership Interests The Government has given approval for retrospective amendments to be made to the Stamp Duties Act 1923, to ensure that stamp duty remains payable in relation to transfers of partnership interests. For more information see Revenue Ruling SDA001. 16/11/2009...Expiry date for ESL certificates extended to 90 days In line with the expiry date for land tax certificates (90 days), RevenueSA has implemented system changes to extend the expiry date for ESL certificates to 90 days. 2/11/2009...Exchange of Information For the purpose of administering South Australian taxation laws, we exchange information with other state and territory revenue offices and the Australian Taxation Office (ATO) to assist in the proper identification and accurate assessment of taxation liabilities. In this regard, the sharing of information with other State and Territory Revenue Offices and with the ATO across all taxation laws administered by RevenueSA, is carried out in accordance with Part 9 of the South Australian Taxation Administration Act 1996, similar legislation in other states and territories and under Item 1 in Table 4 in 355-65 of Schedule 1 of the Commonwealth's Taxation Administration Act 1953. 15/10/2009...Carbon Pollution Reduction Scheme – Application of State Taxes RevenueSA has been receiving enquires regarding the proposed stamp duty treatment that may be applied to transfers of carbon pollution permits under any Commonwealth proposed Carbon Pollution Reduction Scheme (CPRS). 9/10/2009...RevenueSA Internet Site Outage Due to scheduled network maintenance, the RevenueSA Internet site will be unavailable from 5:30 pm to 6:00 pm on Sunday, 11 October 2009. 21/9/2009...RevNet Issues The RevNet system is currently unavailable due to technical issues. If you require urgent stamping of documents, please bring these into our front counter or alternativley use Periodic Return Arrangement. We apologise for this inconvenience. 29/6/2009...Proposed New Nexus Arrangements for Payroll Tax The majority of states and territories have reached agreement that from 1 July 2009, new payroll tax nexus rules are to apply where wages are paid to workers who provide their services in more than one state or territory in a month. Under the proposed new rules, payroll tax is to be paid to the jurisdiction where the worker resides, rather than where they are paid, as is currently the case. Where the worker does not reside in Australia, tax is to be paid to the jurisdiction where the registered Australian Business Number address of the employer is located. Legislation is currently being drafted to put the new nexus arrangements in place. It is expected that the new provisions will be uniform across jurisdictions. Whilst there is no requirement for employers to lodge returns under the new arrangements until the legislation is enacted, the South Australian Commissioner of State Taxation has indicated that RevenueSA will accept payroll tax returns in line with the proposed nexus from 1 July 2009, or alternatively, it will be permissible for employers facing transitional and implementation issues to make any necessary adjustments, without penalty, as part of the annual reconciliation process for the 2009-10 assessment year. It is stressed that these changes only affect wages for workers providing their services across jurisdictions. Where a worker provides their services solely in one jurisdiction, as is the case for the majority of workers, tax will continue to be paid to the jurisdiction where those services are performed. The new arrangements will provide greater clarity to affected employers, a more robust taxation regime in light of modern electronic payment methods, and will reduce potential compliance costs that could otherwise arise for employers under existing arrangements. 24/6/2009...WARNING - Fraudulent email Emails are continuing to be circulated claiming to be from RevenueSA advising that a refund is available and requesting personal information and details of credit card numbers. These emails have not originated from RevenueSA and their source is currently being investigated. RevenueSA would never send unsolicited emails requesting bank details or other personal information. If you receive such an email do not respond to it and delete it immediately. 4/6/2009...State Budget 2009/2010 As part of the State Budget handed down on 4 June 2009, the government announced that land tax relief will be provided for land used for residential care facilities which are approved under the Aged Care Act 1997 (Cth.), effective from the 2009/2010 financial year. Full details can be found on Circular 311. 3/6/2009...2009 Taxpayer Survey Released We would appreciate it if you would spend five to ten minutes to complete the 2009 Taxapyer Survey. The survey is open until Friday, 28 August 2009 and can be accessed by clicking here. 17/3/2009... Information Sessions in Murray Bridge and Adelaide RevenueSA are conducting free information sessions during June and July 2009. The information sessions will address topical matters in relation to South Australian state taxation and provide the opportunity to ask questions. Further information is available here. 13/5/2009...First Home Owners Boost Changes Announced in the Commonwealth Budget 12/5/2009 As announced in the Commonwealth Budget on 12 May 2009, the First Home Owners Boost inclusive of the existing $7000 First Home Owners Grant will continue until 30 September 2009 at its current levels of $14 000 for established homes and $21 000 for building a new home or purchasing a newly constructed home. 18/3/2009...WARNING - Fraudulent email An email is currently being circulated claiming to be from RevenueSA advising that a refund is available and requesting personal information and details of credit card numbers. This email has not originated from RevenueSA and its source is currently being investigated. RevenueSA would never send unsolicited emails requesting bank details or other personal information. If you receive such an email please delete it immediately. 17/3/2009...Taxpayer Information Session RevenueSA will be conducting a free information session in Adelaide for legal, accounting and conveyancing professionals during April 2009. Session Details
If you are unable to register online, please contact Sue Salt on (08) 8226 3807. 21/1/2009...Opinion Assessments via RevNet RevNet functionality has been expanded to allow stamp duty opinion documents that have been assessed by RevenueSA to be viewed, paid for and stamped via RevNet. If you would like the ability to view requisitions online, view and pay opinion assessments and stamp opinion documents via RevNet, you will need to complete an Approval of a Special Tax Return Arrangement (for RevNet stamp duty opinions component). View the Opinion Assessments via RevNet flyer. 18/12/2008...Announcement by the Treasurer As part of the government’s commitment under the Inter-Governmental Agreement on the Reform of Commonwealth-State Financial Relations (IGA), stamp duty on non-real property transfers and unlisted marketable securities was to be abolished by 1 July 2010. Legislation to effect this was yet to be enacted. 3/11/2008...Taxpayer Information Session - Pt Augusta RevenueSA will be conducting a free information session in Pt Augusta for legal, accounting, conveyancing and payroll professionals during November 2008. This session will provide taxpayers with details of pay-roll harmonisation changes, effective from 1 July 2008. An overview of stamp duty and land tax, including information on First Home Bonus Grant and changes to transfers to beneficiaries (Community Titles), a review of the land tax anti-avoidance provisions and new initiatives introduced by RevenueSA to reduce red tape.
To RegisterTo register your attendance, please contact Sue Salt or Kristy Ferguson by Friday, 21 November 2008. Contact details are:
17/10/2008...First Home Owner Boost On 14 October 2008, the Australian Government announced that it was introducing the First Home Owners Boost, which together with the current $7000 First Home Owner Grant (“FHOG”) and the Bonus Grant ("FHBG") of up to $4000 will provide first home buyers with up to $25 000 on new homes purchased or built before 30 June 2009. First home buyers purchasing an established home may receive up to $18 000. Further information is available here. 14/10/2008...First Home Owner Grant Changes The Australian Government has announced a First Home Owner Boost, which supplements the South Australian Government funded First Home Owner Grant (FHOG) and First Home Bonus Grant Schemes.
As soon as more information is available it will be published to this site. 18/7/2008...2008 RevenueSA Taxpayer Survey The 2008 Taxpayer Survey has been released. We would appreciate it if you would spend five to ten minutes to complete the survey before Friday, 15 August 2008. 3/7/2008...Information Sessions August 2008 Pay-roll Tax Session This session will provide taxpayers with details of pay-roll harmonisation changes, effective from 1 July 2008.
Stamp Duty & Land Tax Session This session will provide taxpayers with an overview of stamp duty and land tax, including information on First Home Bonus Grant and changes to transfers to beneficiaries (Community Titles), a review of the land tax anti-avoidance provisions and new initiatives introduced by RevenueSA to reduce red tape. Where: Adelaide Pavilion To RegisterTo register your attendance, please contact Sue Salt or Kristy Ferguson by Wednesday, 30 July 2008. Contact details are:
3/7/2008...Pay-roll Tax Harmonisation From 1 July 2008, a number of changes have been made to the South Australian Pay-roll Tax Act 1971 to harmonise key aspects of its pay-roll tax system with those of other jurisdictions. More information in respect to these changes can be found here. 19/6/2008...General Exemption 26 RevenueSA has issued a Circular to reflect recent advice provided to this Office regarding the interpretation of General Exemption 26. The Circular is available here. 5/6/2008...State Budget 2008-2009 As part of the State Budget, the Treasurer announced a First Home Bonus Grant (FHBG) of up to $4,000. 21/4/2008...Taxpayer Information Session - Berri As part of our Taxpayer Awareness Program, RevenueSA will be conducting an information session for taxpayers and their professional representatives, in the Riverland.
The content of this session will be of particular interest to legal, conveyancing, accounting and payroll professionals. To register your attendance, please contact Sue Salt by Wednesday, 21 May 2008. Contact details are: Phone: (08) 8226 3807 If you have special needs (e.g. due to mobility, sight or hearing impairment), please let us know if we can make any arrangements that will make your attendance more comfortable. 25/2/2008...Stamp Duty Document Guide Amendment - Section 67 The Stamp Duty Document Guide Note “Section 67 of the SD Act” has been amended to reflect recent advice provided to RevenueSA regarding the interpretation of Section 67(4) of the Stamp Duties Act 1923. If you are involved with a Section 67(4) transaction please read the amended guide note, particularly Examples 1, 3, 4, 5 and 11. The guide note is available via the online help in RevNet or can be viewed here.16/1/2008...Information Sessions Feb 2008 RevenueSA will be conducting free information sessions in Adelaide for legal, accounting, conveyancing and pay-roll professionals during February. These information sessions will address topical matters in relation to South Australian state taxation and provides the opportunity to ask questions. Session details are as follows: Pay-roll Tax Session This session will provide taxpayers with an overview of pay-roll tax, including information relating to liability, annual adjustments and the 2007-08 harmonisation reforms.
Stamp Duty & Land Tax Session This session will provide taxpayers with an overview of stamp duty and land tax, including information on Section 67 (stamp duty), a review of the land tax anti-avoidance provisions and new initiatives introduced by RevenueSA to reduce red tape.
To RegisterTo register your attendance, please contact Sue Salt or Kristy Ferguson by Wednesday, 20 February 2008. Contact details are: 25/10/2007...Information Sessions RevenueSA will be conducting an information session for legal, accounting and conveyancing professionals during November in Mt Gambier. This information session will address topical matters in relation to stamp duty, land tax and pay-roll tax. The sessions provides the opportunity to ask questions. Session details are as follows:
Morning tea will be provided for all participants at 11:15 am. Phone: (08) 8226 3807 If you have special needs (eg. due to mobility, sight or hearing impairment), please let us know if we can make any arrangements that will make your attendance more comfortable. 6/9/2007...Mortgage Stamp Duty relief for drought affected farmers - RevNet Three new stamp duty document types have been released on RevNet to allow for the determination and payment of stamp duty by way of ex gratia relief for farmers as part of the Government's drought assistance package: Mortgage - Prime Mortgage - Drought - Land - DMP Mortgage - Refinancing - Drought - Mortgage Drought - DMF Mortgage - Increase - Mortgage Drought - DMI Stamp Duty Document Guide Notes are available for the new document types. If you are involved with these transactions you should familiarise yourself with these. The Ex gratia Mortgage Stamp Duty Relief form has also been amended to align this with the guide notes and the RevNet screen designs. 10/8/2007...Results of Survey 2007 In May 2007, we conducted a survey to obtain feedback in the areas of customer service and information provided by RevenueSA. To view the results of the survey, click here. 9/8/2007...State Budget 2007-2008 The Statutes Amendment (Budget 2007) Act 2007 was assented to today, 9 August 2007. (Refer Circular 284) 20/6/2007...Stamp Duty - Mortgage Rate Reduction In the 2005/2006 State Budget, the government announced that the duty on the remaining categories of mortgages that are still liableto duty will be phased out (refer Circular 255). The rate of duty will further reduce to 15 cents per $100 from 1 July 2008, with stamp duty on mortgages being abolished from 1 July 2009. 15/6/2007...Penalty Tax and Interest in Regard to RevNet Documents It is the policy of RevenueSA to apply penalty tax and interest to an assessment of stamp duty as a result of an audit review where applicable. The penalty tax and interest components are included in the Notice of Assessment. However, if the stamp duty is paid by the due date shown on the Notice of Assessment, the penalty tax and interest components may be remitted. The above policy was implemented to allow RevNet participants to become familiar with the use of the RevNet system. This policy will now cease to apply from 1 July 2007 in respect of RevNet participants who were registered up to and including 31st December 2006. Penalty tax and interest will only be applied where errors are found on instruments that have been stamped on RevNet after 1st July 2007. RevNet participants registered from 1st January 2007 will be provided with a six month amnesty from the date of creation of their first batch, with respect to the penalty tax and interest components where self-determination errors are found, to allow them to become familiar with the RevNet system. No amnesty will will apply if the underpayment of stamp duty is as a result of a deliberate or careless action on the part of the taxpayer or RevNet participant. RevNet will apply penalty tax and interest automatically where late stamping has occurred. Penalty tax and interest will be calculated in line with Circular 261 released by RevenueSA on 2nd November 2005. 8/6/2007...State Budget 2007 The State Budget was handed down today (7 June 2007) and contained the following taxation measures which are contained in the Statutes Amendment (Budget 2007) Bill 2007:
Further details are available in RevenueSA Circulars 278, 279 and 280. 1/6/2007...Stamp Duty Document Guide Notes Amendments to Section 71CB and 71CBA of the Stamp Duties Act 1923 apply from 1 June 2007. The following Stamp Duty Documents Guide Notes have been amended: Exemptions - Conveyance of Land - Pursuant to 71CB-EX The Section 71CB and Section 71CBA Statutory Declarations have also been amended. 18/5/2007...Seventh Annual States' Taxation Conference The Taxation Institute of Australia in conjunction with the state revenue offices present the Seventh Annual States' Taxation Conference. This national event will be held on Thursday 26th - Friday 27th July 2007 in Canberra. For further information and registration form please click here. 17/5/2007...Minor Taxes - Deeds - Updated Stamping Requirements MINOR TAXES – DEEDS – STAMPING REQUIREMENTS This matter has since been reviewed and the following arrangements now apply in relation to all such deeds, whenever executed. Where a deed that is exempt from stamp duty is required to be relied upon as being “duly stamped” for other purposes under the Stamp Duties Act 1923 (the "Act”) (e.g. to obtain the benefit of the exemption provisions of Section 71(5)(e) of the Act), the relevant deed may be stamped accordingly, however RevenueSA will not insist on an exempt document being stamped to be accepted as 'duly stamped'. REMINDERWhere property is transferred pursuant to a deed (stamped or unstamped), the deed must be submitted to RevenueSA when the related conveyance is submitted for opinion. If a taxpayer is in any doubt as to whether a deed is exempt or whether it may constitute a dutiable conveyance, the instrument should be submitted for the opinion of the Commissioner of State Taxation.
3/5/2007...RevenueSA Taxpayer Business Survey To help us serve you better, we would appreciate you taking a few moments to give us your feedback by taking a short survey. (Survey closed 8/6/2007) 23/4/2007...Information Sessions RevenueSA will be conducting three information sessions for legal, accounting and conveyancing professionals during May in Port Lincoln and Adelaide. These information sessions will address topical matters in relation to stamp duty, land tax and/or pay-roll tax. Sessions range from 1½ to 2 hours in length and provide the opportunity to ask questions. Session details are as follows: Port Lincoln Session - Stamp Duty, Land Tax & Pay-roll Tax
To register your attendance, please contact Kristy Ferguson by 8 May 2007 for the Port Lincoln session and 17 May 2007 for the Adelaide session. Contact details are: Phone: (08) 8226 0193 If you have special needs (eg. due to mobility, sight or hearing impairment), please let us know if we can make any arrangements that will make your attendance more comfortable. 6/3/2007...RevNet Pay-roll Tax Annual Reconciliation Feedback As part of the 2005-06 Pay-roll Tax Annual Reconciliation, users were invited to give feedback on the annual reconciliation process in RevNet. Feedback was in the form of general comments, rather than responses to specific questions. 10/1/2007...Stamp Duty Document Guide Notes The Stamp Duty Document Guide Notes listed below relating to certain transfers of property pursuant to Section 71CA and Section 71CBA, have been amended: Exemptions - Conveyance of Land - Pursuant to 71CA 23/11/2006...Stamp Duties - Land Rich Entities The Stamp Duties (Land Rich Entities) Amendment Act 2006 was assented to on 23/11/2006. Further details in Circular No 273 and 272. 16/10/2006...Information Sessions
These information sessions will address topical matters in relation to stamp duty, land tax and pay-roll tax and will be approximately 1.5 hours in length, with an opportunity to ask questions. Session details are as follows: Port Augusta Session:
Adelaide Session:
To register your attendance, please contact Kristy Ferguson by 10 November 2006 for the Port Augusta session, and 17 November 2006 for the Adelaide session. Contact details are: Phone: (08) 8226 0193 If you have special needs (eg due to mobility, sight or hearing impairment), please let us know if we can make any arrangements that will make your attendance more comfortable. Future sessions are planned for Port Lincoln and Adelaide for the first half of 2007. 3/10/2006...Stamp Duty Document Guide Notes The following Stamp Duty Document Guide notes relating to family farm transactions have been amended: Exemptions - Family Farm - Pursuant to Section 71CC 21/9/2006...State Budget 2006-2007 The State Budget was handed down today (21 September 2006). No rate changes have been announced. Increased resources have been allocated towards ensuring compliance with state taxation legislation. Additionally, the Stamp Duties Act land rich provisions are being amended. See further details in Circular 272. 2006 Survey Results In March 2006, RevenueSA conducted a taxpayer survey covering the areas of customer service, the RevenueSA website and the RevNet Pay-roll Tax Payment Facility. During the 5 week survey period we received a total of 867 responses. Overall the results of the survey are very positive and we thank all those who participated in taking the time to provide us with feedback. To view the survey results, click here. |
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Deeds chargeable with stamp duty of $10 will be exempt from 1 July 2006. Clarification of the stamping requirements of Deeds from 1 July 2006 is available here. 13/4/2006...Pay-roll Tax Guide to Legislation The new Pay-roll Tax Guide to Legislation has now been released. The guide is available here. 20/3/2006...RevenueSA Information Sessions As part of our Taxpayer Awareness Program, RevenueSA is conducting information sessions for taxpayers and their professional representatives. The session will address topical matters relating to stamp duty, land tax and pay-roll tax. The next country session will be held in Berri and will be approximately 1.5 to 2 hours in length with an opportunity to ask questions. Details are: VENUE: Riverview Lounge, Berri Resort Hotel, Riverview Drive, Berri The content of these sessions will be of particular interest to the legal, conveyancing, accounting and payroll professionals. Numbers will be limited because of venue size so early registration is recommended. 8/3/2006...Mortgage Refinancing Exemption A new Mortgage Refinancing Exemption form is now available for financial institutions to use for refinancing transactions. This form replaces the Application for Refinancing Exemption form and should be used as from the date of this notice. The new Mortgage Refinancing Exemption form has two changes:
The Stamp Duty Document Guide has also been amended. It is no longer a requirement that a copy of the discharged mortgage be retained by the refinancing financial institution. Financial institutions involved with refinance transactions are encouraged to process these transactions on RevNet. 20/1/2006 …Car Registration Stamp Duty Relief for People with Disabilities 16/12/2005...RevenueSA Lodgement Box A lodgement box has been installed in the Mail Box Delivery room at the Lands Titles Office. This box can be used for the lodgement of:
The RevenueSA Lodgement Box is provided for your convenience and will be cleared twice each work day around midday and at 4.00 pm. 8/12/2005...New application form for Refinancing Exemption The Application for Refinancing Exemption form has been amended to delete the requirement by the mortgagor/s to sign this form before an authorised person for taking declarations. The form can be downloaded here. |
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This page was last reviewed 3 February, 2012
