2016-17 State Budget

Handed Down 7 July 2016

As part of the 2016-17 State Budget the Government announced the following taxation measures:

  • an extension of the stamp duty concession for purchases of off-the-plan apartments (see Information Circulars 89, 65 and 48);
  • an amendment to Section 67 of the Stamp Duties Act 1923;
  • an amendment to Section 71(5)(j) of the Stamp Duties Act 1923;
  • the removal of the prescribed goods provisions in the Stamp Duties Act 1923;
  • the expansion of the land tax exemption for land held by sporting and racing associations;
  • an amendment to Section 4(1)(j) of the Land Tax Act 1936 (see Information Circular 98);
  • the expansion of the land tax principal place of residence exemption (see Information Circular 94);
  • the extension of the small business payroll tax rebate for a further four years (see Revenue Ruling PTASA002[V3]);
  • an amendment to Section 93(1) of the Taxation Administration Act 1996;
  • the introduction of a tax for betting companies offering services in South Australia; and
  • the introduction of a Job Accelerator Scheme (see Information Circular 95)

Further information is available in Information Circular 93.