General

Land held on trust

Corporations

Notices

General

Where can I find information on the changes to land tax?

Please see the land tax changes page to see what changes apply to you.

What rates are used to calculate land tax?

You can find the 2020-21 land tax rates on our Rates and Thresholds page.

The rates and thresholds in 2020-21 are different for land held on trust. More information about trust rates can be found on the Rates and Thresholds page. Information about trusts can be found on the Land held on trust page.

Why have I received a Land Tax Assessment?

The use, site value and ownership of land each year at 30 June determines your land tax payable.

If the combined site value of your taxable land is over the $450,000 threshold (or $25,000 for land held on trust), you are likely to receive a Land Tax Assessment.

Changes to the way land held in different ownerships is grouped for assessment, starting in the 2020-21 financial year, may mean you receive a Land Tax Assessment where you might not have received one before.

Why is this the first time I have received a Land Tax Assessment?

You could have received a Land Tax Assessment for the first time for any of the reasons listed below:

  • The total taxable site value of land owned by you (and not held on trust) at 30 June now exceeds $450,000.
  • The total taxable site value of land held on trust, owned by you at 30 June now exceeds $25,000.
  • You have bought additional land in the last financial year.
  • Land previously exempt from land tax no longer meets the exemption criteria.
  • Your land is held across more than one ownership. An ownership consists of all the properties owned by the same owner or the identical group of owners.
  • You are recorded as a beneficiary or unitholder for taxable land held on trust.

Why is my home included on my Land Tax Assessment? Shouldn’t this be exempt?

If your home was already exempt from land tax, as your ‘principal place of residence’, your exemption continues and the land will not be liable for land tax.

The new Land Tax Assessment (PDF 469KB) now lists all South Australian property that you own, or partly own, including land that is exempt from land tax. Previous land tax Notices of Assessment only listed taxable land.

On your Statement of land held (which is the last page of your Assessment), you will see a code next to your home’s details in the ‘Site Value’ column showing if it is exempt from land tax. If we have recorded it as your home (‘principal place of residence’), you will see the code ‘PPR’.

Red arrow pointing to the PPR code on a Statement of land held

If a site value is displayed, an exemption has not been applied or partial exemption may have been applied. This means that land tax has been assessed against the land.

If you only receive a partial exemption, the value shown in the ‘Site Value’ column will reflect the proportion of the site value that attracts land tax. The partial exemption will noted below the property description.

Red ring highlighting the words 'a partial exemption has been applied, the actual site value is $150,000' on a Statement of land held

If your home does not currently have a principal place of residence exemption in place, please see our land tax exemption page for details on the principal place of residence exemption and how to apply.

I have a deduction on my Land Tax Assessment. What is that and how is it calculated?

Where you own land jointly with another or others, the jointly owned land will be assessed firstly in the joint ownership.

You will then also be assessed individually on your share of the jointly owned land, along with any other land you own, or partly own. This is new from the 2020-21 financial year.

To stop you being taxed again on land that attracts land tax in the joint ownership, you will receive a deduction to offset your individual land tax. The deduction is taken off the total of your individual land tax.

The deduction is equal to your share of the land tax charged to land in the joint ownership. If land tax is not applied in the joint owners (for example, total site value is under the threshold), a deduction will not be available.

Where your total deduction is greater than your individual land tax liability, your land tax is reduced to zero and you will not receive a Land Tax Assessment on your individual holding.

I’m having difficulty paying. What should I do?

Payment by 4 quarterly instalments is provided for land tax. If you wish to organise a payment arrangement, please contact RevenueSA on 8226 3750 (option 2) before the due date on your Land Tax Assessment.

Why is the same property showing on more than one Land Tax Assessment?

Where you own land jointly with another, or others, it may appear on more than one Land Tax Assessment.  This is as a result of changes to the way jointly owned land is assessed, which was introduced from the 2020-21 financial year.

It means that where land is own by joint owners, it will be firstly assessed in the joint ownership, and a Land Tax Assessment will be issued if land tax is applicable.

Individual owners will also be assessed on their share of jointly owned land, along with any other land that they own, or partly own, and a Land Tax Assessment will be issued if land tax is applicable. Partly owned land is identified under the property location details on your individual assessment.

Red ring highlighting the words 'your 50% share in joint ownership 987654321 M Paterson & ORS' on Statement of land held

If land tax is payable in the joint ownership, a deduction will be offset against your individual liability. This will be reflected in the ‘Deduction' column on your Statement of land held.

Red ring circling a deduction amount of $651.25 on a Statement of land held

Where your total deduction is greater than your individual land tax liability, your land tax is reduced to zero and you will not receive a Land Tax Assessment on your individual holding.

My Land Tax Assessment shows land I own with others – have I been taxed twice?

No, if you own land jointly with other people, you may see the property appear on 2 Land Tax Assessments (the joint ownership and your individual ownership), but you have not been taxed twice.

Taxable land you own with others will be assessed in the joint ownership and an Assessment may be issued to the joint owners.

Your share in the land will also be assessed along with any taxable land you own or partly own and a deduction of your share of the land tax paid in the joint ownership will apply. An Assessment may be issued to your individual ownership which will show all land that you own or partly own.

I own a property jointly with someone. We received a joint Land Tax Assessment and I received an individual Land Tax Assessment, but they didn’t receive anything. Why is that?

There are two main reasons that one owner could receive an individual Land Tax Assessment, while another owner does not.

One owner may not receive a Land Tax Assessment for either of these reasons:

  1. The deduction they receive offsets their individual land tax liability in full.
  2. The combined site value of taxable land they own, or partly own is below the land tax threshold .

I own land jointly, but don’t have a deduction showing on my individual Land Tax Assessment. Why is that?

A deduction will only apply when land tax is applicable in the joint ownership. If a deduction does not appear on your individual Land Tax Assessment, this means that no land tax has been applied in the joint ownership, most likely as the combined taxable site value is below the minimum land tax threshold.

How is land tax assessed for owners who own land jointly with another?

Land owned by joint owners, will be firstly assessed in the joint ownership, and a Land Tax Assessment will be issued if land tax is applicable.

Individual owners will also be assessed on their share of jointly owned land, along with any other land that they own, or partly own, and a Land Tax Assessment will be issued if land tax is applicable. Partly owned land is identified under the property location details on your individual assessment.

Red arrow and ring highlighting words 'your 50% share in joint ownership 27654321 WX & AZ Thursday' on Statement of land held

If land tax is payable in the joint ownership, a deduction will be offset against your individual liability. This will be reflected in the ‘- Deduction” column on your Statement of land held.

Red ring circling a deduction amount of $651.25 on a Statement of land held

Where your total deduction is greater than your individual land tax liability, your land tax is reduced to zero and you will not receive a Land Tax Assessment on your individual holding.


Example

Chau and Dai Nguyen own land together. They each have an equal share. Their joint Land Tax Assessment shows their jointly owned land:

  • 1 Alpha Street, site value of $500,000
  • 14 Bett Road, site value $600,000

Example Statement of land held showing two properties held in a joint ownership

Chau’s individual Land Tax Assessment shows her half of the jointly owned land, plus the other land she owns in her own right:

  • 1 Alpha Street - 50% share of ownership #123456 Chau and Dai Nguyen, site value of $250,000 (half of the total site value of the property)
  • 14 Bett Road, 50% share of ownership #123456 Chau and Dai Nguyen, site value of $300,000 (half of the total site value of the property)
  • 9 Soup Lane, site value of $700,000

Chau receives a deduction for her share of the land tax applied to the joint ownership, but it doesn’t completely wipe out her individual land tax.
She will receive a Land Tax Assessment on her site value of $250,000 + $300,000 + $700,000 (with a deduction for her share of the land tax applied to the joint ownership on the jointly owned properties).

Example Statement of land held showing two properties held in an individual ownership

Dai does not own any land in his own right. His properties would show as:

  • 1 Alpha Street, 50% share of ownership #123456 Chau and Dai Nguyen, site value of $250,000 (half of the total site value of the property)
  • 14 Bett Road, 50% share of ownership #123456 Chau and Dai Nguyen, site value of $300,000 (half of the total site value of the property)

Dai receives a deduction for his share of the land tax applied to the joint ownership. In his case, it completely offsets his individual land tax.

Dai does not receive an individual Land Tax Assessment.


Why is my exempt primary production land showing on my Land Tax Assessment?

If your land was already exempt from land tax, as it is used for primary production, your exemption continues and the land will not be liable for land tax.

The new Land Tax Assessment (PDF 469KB) now lists all South Australian property that you own, or partly own, including land that is exempt from land tax. Previous Land Tax Notice of Assessments only listed taxable land.

On your Statement of land held (which is the last page of your Assessment), you will see a code next to the land used for primary production in the ‘Site Value’ column if it is exempt from land tax. If we have recorded it as used for the business of primary production, you will see the code ‘PPEX’ beside your property.

Red ring around the PPEX code for primary production land exemption on a Statement of land held

Has my exemption been removed?

No. No existing exemptions were removed as part of the land tax changes.

The new Land Tax Assessment (PDF 469KB) now lists all South Australian property that you own, or partly own, including land that is exempt from land tax. Previous Land Tax Notice of Assessments only listed taxable land.

If your land was already exempt from land tax, maybe as it is your home (known as your principal place of residence) or it is used for primary production, your exemption continues and the land is not liable for land tax. However it will still appear in your Land Tax Assessment with an exemption code beside the property details on your Statement of land held (the last page of your Assessment).

If the land listed on your Statement of land held does not currently have an exemption in place and you believe you are eligible, please see our land tax exemption page for details on exemptions and how to apply.

How do I apply for relief if my land tax is higher this year?

If your land tax liability has risen between $2,500 and $102,500 in 2020-21, due to the change in aggregation assessment methods you may be eligible for relief.

The value of relief will be calculated on the difference between land tax payable, compared to the land tax that would have been payable on the relevant land under the aggregation approach, tax rates and thresholds that applied in 2019-20. Applications for relief must be lodged online by 31 March 2021.

Visit the Transitional Relief page for more information and eligibility, including how to apply.

You will receive an email response from the specialist team about your query.

Why is there arrears showing on my Assessment?

Arrears will show on your Land Tax Assessment if you have any outstanding land tax for the 2019-20 financial year (or previous financial years).

Arrears will include the amount of land tax for your third and fourth instalment for 2019-20, if you chose to defer them.

I’m not able to pay my deferred instalments by the due date, can I get an extension?

If you are unable to pay your deferred instalments by the due date, please contact us to arrange a payment plan.

Why is the land tax different in on our Individual Assessments when we own equal share in the land?

Your Individual Assessment is calculated on the total site value of your land holdings, which includes land you own individually and your share in land owned with others. Your total land tax is then apportioned back to each parcel of land you have an interest in.

This means, whilst you may own an equal share in a parcel of land (for example, two owners own 50% each), the land tax that is assessed in your individual ownership can differ. An example best explains this.

Brian and Poppy equally own land with a site value of $500,000 which is assessed with land tax of $250.00. The joint ownership will be issued a Land Tax Assessment for $250.00

Both Brian and Poppy will receive a deduction against their Individual Assessment of $125.00 (based on 50% share).

Brain also owns a parcel of land with a site value of $300,000. His Individual Assessment would be as follows:

Land A

$250,000 (being 50% share of $500,000)

Land B

$300,000 (100%)

Land tax of $500.00 is assessed on the total site value of $550,000

His Individual Assessment will show the following:

Land tax assessedLess deduction from joint ownershipLand tax payable
Land A$227.27$125.00$102.27
Land B$272.73n/a$272.73
TOTALS$500.00$125.00$375.00

Poppy also owns two parcels of land with site values of $300,000 and $150,000 respectively. Her Individual Assessment would be as follows:

Land A

$250,000 (being 50% share of $500,000)

Land B

$300,000 (100%)

Land C

$150,000 (100%)

Land tax of $1,250.00 is assessed on the total site value of $700,000

Her Individual Assessment will show the following:

 Land tax assessedLess deduction from joint ownershipLand tax payable
Land A$446.43$125.00$321.43
Land B$535.71n/a$535.71
Land C$267.86n/a$267.86
TOTALS$1,250.00$125.00$1,125.00

Why have I not received my land tax assessment yet?

Due to the land tax reforms we are implementing a wide range of changes and billing for your ownership may not have occurred as of yet. Your land tax assessment will be issued in due course and this will not affect the length of time that you have in order to pay.

What do I do if I think my Assessment is wrong?

The main reasons your Land Tax Assessment could be different to what you estimated or expected:

  • Your site value is different to what you expected.
  • The land listed on your Land Tax Assessment are not a complete list of all the land you own, or partly own.
  • You do not own some or all of the land listed on your Land Tax Assessment.

If your site value is different to what you expected, you will need to contact the Office of the Valuer-General in relation to this. We use values provided to us by the Valuer-General when calculating land tax.

If you think your Assessment is wrong for any other reason, we have an online form where you can lodge queries or concerns about your Land Tax Assessment.

Please have your ownership number or assessment number with you when you complete the form.

Why has my apartment been taxed? I don't have any land.

While you may not have any physical land, your apartment is built on land and a site value is determined for each apartment by the Valuer-General. This site value may still attract land tax.

Why have I received a Land Tax Assessment for my unit/townhouse etc.?

As the owner of the unit/townhouse etc., you are seen as the owner for land tax purposes,

A site value is determined by the Valuer-General for each unit/townhouse., which is used to assess land tax.

If your unit/townhouse is owned under a strata title or a community title, your site value will not include common property (for example shared driveways). The relevant community or strata corporation will be liable for any common land that attracts land tax.

Why have I received a Land Tax Assessment for my shack site?

As the holder of a shack site lease, you are seen as the owner for land tax purposes.

The lessee (holder of the lease) has been recognised as the owner for land tax purposes since 1989. This means your shack site may be assessed along with any other land you own for land tax.

My question isn’t answered above. Where can I go for information?

If you have any questions which aren’t answered here, we have an online form where you can lodge queries about your Land Tax Assessment

Land held on trust

I hold land on trust, what does this mean for the Land Tax Assessment?

Land you hold on trust may be taxed at the Trust land tax rates, which includes a surcharge of up to 0.5% on the general land tax rates and a lower threshold of $25,000.

Please see our land held on trusts page for more information.

Who is the owner of land held on trust?

For land tax, the trustee is generally treated as the owner of land held on trust. The land is assessed in a separate ownership from any other land the trustee owns outside of the trust.

Where beneficiaries or unitholders are nominated, they will also be treated as owners for the purposes of land tax.

I own land on trust, why does it appear on my individual Land Tax Assessment?

Where RevenueSA has not been notified of the trust ownership of land, the land will appear in the trustee’s ownership (as per the registered ownership details on the Title for the land)

Trustees are obligated to tell RevenueSA where they hold land on behalf of a trust within 30 days of acquiring the land.

See land held on trusts page for more information.

Is all land held on trust subject to the trust land tax rates?

Only discretionary trusts, fixed trusts and unit trusts are liable for the trust land tax rates. Other types of trusts are excepted from the trust rates and will be taxed at general land tax rates.

See land held on trusts page for more information.

Why does my ownership number start with a T?

Trust held properties are now recognised in Ownership Numbers beginning with ‘T’.

Please ensure that you use the correct payment reference number as it appears on your Land Tax Assessment as this may be different from payment reference numbers provided to you in the past.

Why is my land tax higher than last year?

Land held in trust are assessed at higher trust surcharge rates.

For more information on the assessment of land tax for land held trust see our land held on trust page.

Do all trusts attract the surcharge?

Some trusts are excluded from the surcharge, for example a superannuation trust.

To find out which types of trusts are excluded from the trust surcharge see our land held on trust page.

Some trusts may also nominate a designated beneficiary, unitholders or beneficiaries to have their land tax assessed at the general rates. If the trust chooses to nominate:

  • Discretionary trusts can nominate a designated beneficiary (for land held as at midnight 16 October 2019) up until 30 June 2021
  • Unit trusts must nominate all their unitholders
  • Fixed trusts must nominate all their beneficiaries

Please note: by nominating a designated beneficiary, unitholders or beneficiaries, they may also be liable for land tax for the land held on trust. The land (or share in the land) may be assessed along with any other land they own and they may receive an individual land tax assessment. You should seek independent advice before nominating.

For more information on nominating a designated beneficiary, unitholders or beneficiaries and how land tax is assessed see our land held on trust page.

I nominated a designated beneficiary, why have you not assessed the land at the general rates?

Where all required information has been lodged, the designated beneficiary will be acknowledged and land tax assessed at the general rates.

You may have been charged at the trust rates because:

  • Statutory declaration has not been completed, or incorrectly compiled by the designated beneficiary.
  • Trust deed has not been provided to RevenueSA.
  • Land held by a discretionary trust was purchased or acquired on or after 17 October 2019.

For more information on nominating a designated beneficiary and evidence required see our land held on trust page.

My discretionary trust purchased/acquired land on or after 17 October 2019, why can’t I nominate a designated beneficiary?

The ability to nominate a designated beneficiary for land held by a discretionary trust is a concession provided to land owned as at the date the land tax reforms were introduced into Parliament (16 October 2019).

This means designated beneficiaries will only be acknowledged for land held on trust as at midnight, 16 October 2019. Any land purchased or acquired by the trust after this date is subject to the trust surcharge rates.

My trust held land as at 16 October 2019 and I have also purchased/acquired additional land since. What happens with the tax?

The land tax is calculated using a pro rata method based on the site values of the land held pre-16 October 2019 and the land held post-16 October 2019.

For more information on how land tax is calculated see our land held on trust page.

My land is held on trust but I haven’t advised RevenueSA, what do I need to do?

If you have your Registration ID (which was posted to you between March and June 2020) you can complete your land holding declaration via RevenueSA Online.

If you are unable to complete via RevenueSA Online, you can complete a Trust Notification Advice and return to landtaxreform@sa.gov.au

Evidence that the land is held on trust is required. To find out what evidence is required see our land held on trust page.

Corporations

How are corporate groups billed for land tax?

Where corporations are related, all the land that the corporations own is grouped together and assessed for land tax as though all the land is owned by one corporation (other than land held by a corporation as trustee of a trust). The Land Tax Assessment is sent to the Corporation Group Head.

Why am I part of a corporate group?

As part of the changes to land tax which were introduced from 1 July 2020, the way land owned by ‘related corporations’ is assessed has changed.

The land owned by corporations which are considered to be related will be grouped together and assessed as though it was all owned by one owner.

Corporations are considered to be related for land tax purposes when:

  • control is exercised by a corporation over another/other corporations;
  • control is exercised by the same person(s) over two or more corporations;
  • control is exercised jointly by a corporation and its shareholders, who between them own more than 50% of issued share capital, over another corporation;
  • a corporation owns more than 50% of the beneficial interests/units in land subject to a fixed trust/unit trust; or
  • where two corporations are related, a third corporation will be grouped if it is related to at least one of them.

You can find out more about how related corporations are treated for land tax on the Related Corporations page.

Why does only the Corporate Group Head receive the Land Tax Assessment?

The land owned by those in a related corporate group is assessed as though it was owned by only one owner, such that only one Land Tax Assessment will be sent to the Corporate Group Head.

Where corporations are related corporations, one corporation in the group is selected to act as the primary contact for all correspondence from RevenueSA, which includes the Land Tax Assessments. This corporation is known as the Group Head.

All the corporations within the group are listed on the Land Tax Assessment.

Where a corporation is already registered with RevenueSA Online, it will receive an email notification when a Notice of Land Tax Assessment is issued for the corporate group. That corporation will then be able to login to RevenueSA Online to view a copy of the Notice that has been issued.

Corporations who have not previously registered with RevenueSA Online should register using the registration ID provided to them earlier this year. If you do not know your registration ID, email landtaxenquiries@sa.gov.au with your ownership number so your registration ID can be provided. You can then register to use RevenueSA Online to then access the corporate group’s Land Tax Assessment.

I'm a corporation but haven't got a Land Tax Assessment. What's happening?

You may have been grouped together with other corporations as part of a related corporate group. See Why am I part of a corporate group? for details about related corporations.

As a result of the land tax changes introduced at 1 July 2020, only the Corporate Group Head will receive the Land Tax Assessment on behalf of the whole group. They may be in contact with you for your share of the total land tax liability.

You may also not yet have received a Land Tax Assessment because your corporation holds land jointly, or holds land on trust, or is a beneficiary of land held on trust. The Land Tax Assessments which relate to trusts are being sent later in the year.

Why does my Land Tax Assessment show land owned by other corporations?

If you are considered to be related to other corporations under the changes to land tax that were introduced from 1 July 2020, all the land owned by those related corporations is now assessed as though it was owned by one owner.

You can learn more on the related corporations page.

It means that the land owned by all members of the corporate group appear on one Land Tax Assessment, which is sent to the Corporate Group Head.

If you are the designated Corporate Group Head, the Land Tax Assessment you receive will show all the land owned by the members of the corporate group.

How was the Corporate Group Head chosen?

When establishing the corporate group, the corporation with the most recently incorporated ACN was appointed in the first instance as the Corporate Group Head.

In May 2020, RevenueSA wrote to all Corporate Group Heads advising them of their appointment to the Corporate Group Head role and let them know that if another corporation in the group should be the Corporate Group Head instead, this could be changed.

Should a corporation that has been selected as the Corporate Group Head wish to change the Corporate Group Head to another member of the corporate group, they can do so by emailing landtaxreform@sa.gov.au.

What notification was sent to related corporations about this change?

The corporation appointed as the Corporate Group Head was notified in May 2020 that they were the Corporate Group Head for the related corporations in their group.

By accessing the RevenueSA Online land tax portal, the Corporate Group Head would have seen all the related corporations in their group and would have been able to make a submission to RevenueSA about the group.

If a Group Head now wants to make a submission about the group, they can do so by emailing landtaxreform@sa.gov.au.

What happens if a corporation owns land as trustee of a trust?

Land owned by a corporation as trustee of a trust will not be assessed with other land owned by the corporate group and will be assessed separately.

Where they have not already done so, corporations that own land as trustee of a trust must advise RevenueSA that the land is held on trust via the land holding declaration (PDF 265KB) available on our land held on trust page.

Who is liable for the Land Tax Assessment?

As has always been the case, all owners listed on a Land Tax Assessment are equally and severally liable to make sure the land tax is paid. This means that each members is responsible for making sure that the liability is paid on time.

The burden of the land tax is distributed between the related corporations in the relative proportions of the value of their interests in the taxable land.

The Land Tax Assessment for related corporations lists all the related corporations.

The Corporate Group Head may follow up the other corporations in the group for their share of the land tax. RevenueSA has no involvement in this.

How do I know how much I owe?

The Corporate Group Head will receive the Land Tax Assessment for the related corporate group and you can ask them to advise you of your share of the land tax.

Alternatively, if you have a RevenueSA Online account, you can log in to RevenueSA Online and view the Land Tax Assessment. Each member of a corporate group that has registered with RevenueSA Online will receive an email to notify them that a Land Tax Assessment has been issued for the corporate group.

Corporations who have not previously registered with RevenueSA Online should register using the registration ID provided to them earlier this year. If you do not know your registration ID, email landtaxenquiries@sa.gov.au with your ownership number so your registration ID can be provided. You can then register to use RevenueSA Online to then access the corporate group’s Land Tax Assessment.

Notices

Why is this the first time I have received a Land Tax Assessment?

There are four main reasons why you may have received a Land Tax Assessment for the first time:

  • the total taxable site value of all taxable land owned by you as at midnight, 30 June may now exceed the threshold of $450,000, or if held on trust exceeds the threshold of $25,000;
  • if you own land in multiple ownership, your share of land owned is now combined in your individual Land Tax Assessment;
  • you may have bought additional land in the last financial year; or
  • land previously exempt from land tax may now no longer satisfy the exemption criteria.

Can I have a separate notice for each property?

No. The Land Tax Act 1936 requires land tax to be calculated on the basis of the total taxable site value of all land owned (by an owner or a group of owners) as at midnight 30 June.

Aggregation of the value of all properties of an owner for land tax assessment purposes is applied by all Australian jurisdictions that impose land tax. It is not considered equitable that two owners holding land identical in total value, one with one property and the other with two or more properties should pay different amounts of land tax.

What does ANR and ORS mean?

ANR means 'Another' and ORS means 'Others'.

ANR

If a property is bought by two entities, both names are registered on the certificate of title, however our ownership record will show the first named on the certificate of title, with the other name abbreviated to ANR

Example:

A property bought by Joe Boggelsworth & Mary Smith would have both names registered on the certificate of title, but as Joe's name was registered first, our ownership record will display as 'J Boggelsworth & ANR'.

ORS

If a property is bought by more than two entities, all names are registered on the certificate of title, however our ownership record will show the first named on the certificate of title, with all other names abbreviated to ORS.

Example:

A property bought by Bloggs Pty Ltd, Mary Smith Inc and Jim Brown would have all names registered on the certificate of title but as Bloggs Pty Ltd was registered first, our ownership record will display as 'Bloggs Pty Ltd & ORS'.