Commonwealth Reporting & Stamp Duty Certificate

From 1 July 2019 you will be required to provide additional information for Commonwealth reporting data. There will also be a change in the way a document is stamped with duty.

Commonwealth Reporting

Both vendor and purchaser data must be completed before a document conveying land can be:

  • confirmed in RevenueSA Online;
  • assessed by RevenueSA if lodged for assessment.

If data has not been entered for both parties, you will not be able to obtain a Document ID. Without a Document ID you will not be able to lodge the document with the Lands Titles Office.

Vendor information

Vendor data is completed via a RevenueSA Online workspace. You can either create a new workspace or you may be invited through RevenueSA Online by the purchaser’s representative to enter details.

If you have already been entering data for vendors, please note there are some additional mandatory fields that will also be required from 1 July 2019, including date of birth, country of tax residence, additional information for non-Australian citizens (passport number, visa number, visa subclass and visa expiry date) and additional information for overseas organisations (country of incorporation).

Purchaser information

From 1 July 2019, additional mandatory fields will be required for purchasers, including date of birth, country of tax residence, additional information for non-Australian citizens (passport number, visa number, visa subclass and visa expiry date) and additional information for overseas organisations (country of incorporation).

To streamline the process in RevenueSA Online, the reporting screen for purchaser data will be integrated with the stamp duty assessment screens. A separate Commonwealth Reporting Portal workspace is no longer required before you create a stamp duty document.

You will also be able to invite the vendor’s representatives to enter data for reporting requirements.

Certificate of Stamp Duty

From 1 July 2019 a Certificate of Stamp Duty is replacing the manual stamp.

Once you complete a document in RevenueSA Online, a Certificate is produced as a pdf which you can electronically file and/or print for your records. You will also be able to reprint a copy of the Certificate through RevenueSA Online.

A Certificate of Stamp Duty will also be issued for documents submitted to RevenueSA for assessment.

Changes are also being made to the T1 Form (Memorandum of Transfer) to simplify the stamp duty information you need to record. You will no longer need to record the date, consideration, stamp duty paid, interest and penalty tax etc. From 1 July 2019 you will only need to record the Document ID number, available from the Certificate of Stamp Duty.


To find out more about these changes, register for one of our upcoming webinars

Please contact our RevSupport team if you have any questions on these changes.

Email:revsupport@sa.gov.au

Phone: (08) 8207 2333