Archived news items from 1 July 2016 to 30 June 2017
Issued 30 Jun 2017
RevNet will be unavailable for Certificates and Payroll Tax functionalities between 10pm Friday, 30 June 17 and 8am Monday, 3 July 17 for annual housekeeping processes. We apologise for any inconvenience.
Commencing from 1 July 2017
Issued 30 Jun 2017
The come into effect from 1 July 2017:
- reduced payroll tax rate for small businesses;
- increased land tax threshold;
- second phase of the reduction of stamp duty on non-residential, non-primary production real property. A two-third reduction of the stamp duty payable on the dutiable value;
- betting operations tax commences;
- Commonwealth third party reporting commences; and
- the First Home and Housing Construction Grants (Disclosure of Confidential Information) Variation Regulations 2017 and the Taxation Administration Regulations 2017 come into operation. The Regulations allow RevenueSA to disclose information it collects to a broader range of federal and state government bodies
2017-18 State Budget
Issued 22 Jun 2017
The 2017-18 South Australian State Budget, handed down today (22 June 2017), contains a number of measures relevant to taxes and grants administered by RevenueSA.
The legislative changes to implement these measures (except for the changes to the Job Accelerator Grant which is an administrative scheme) are included in the Budget Measures Bill 2017 (the "Bill") which was introduced into Parliament today. The operation of these measures is subject to the Bill coming into force as an Act.
Measures included in the 2017-18 State Budget are summarised in the table below.
|Job Accelerator Grant payments increased by up to $5,000 for businesses that hire apprentices or trainees.||Scheme start date 1 July 2016|
|The off-the-plan stamp duty concession will be extended until 30 June 2018 but will be retargeted so that it no longer applies to foreign purchasers.||Stamp Duties Act 1923||22 June 2017|
|A $10,000 grant will be provided to eligible off-the-plan apartment purchasers where the contract is entered into between 22 June 2017 and 30 September 2017.||First Home and Housing Construction Grants Act 2000||22 June 2017|
|A five year land tax exemption will apply to eligible apartments bought off-the-plan where the contract is entered into between 22 June 2017 and 30 June 2018.||Land Tax Act 1936||Midnight 30 June 2017|
|Payroll tax rate for small businesses lowered to 2.5%.||Payroll Tax Act 2009||1 July 2017|
|A major bank levy for major banks offering services in South Australia will be introduced.||1 July 2017|
|A stamp duty surcharge of 4% will apply to foreign purchasers of South Australia residential property.||Stamp Duties Act 1923||1 January 2018|
The Bill also contains a number of other minor amendments to the Payroll Tax Act 2009, First Home and Housing Construction Grants Act 2000, Taxation Administration Act 1996 and Stamp Duties Act 1923.
For further information on these measures, please visit the State Budget Update page.
Black Economy Taskforce
Issued 07 Jun 2017
The Commonwealth Government established the Black Economy Taskforce to tackle the black economy, also known as the shadow economy or cash economy – businesses and individuals which operate outside the tax and regulatory system. Clamping down on the black economy is a matter of fairness. Otherwise businesses, employees and consumers who do the right thing are directly penalised.
The Taskforce is an independent inquiry involving a partnership between 19 Commonwealth agencies and a private sector reference group and is chaired by Mr Michael Andrew AO. The Taskforce is also collaborating with State Government agencies.
The Taskforce has released its Interim Report, which discusses the scope of the black economy, likely drivers of it and potential policy responses.
Mr Andrew is travelling around the country to engage in a national conversation with the community and seek feedback on the Interim Report and early recommendations.
Following successful engagements events recently conducted in Perth, three sessions will be held in Adelaide on Tuesday, 27 June 2017.
There are two types of events: general public town hall discussions and industry roundtables. Both will be led by the Chair of the Taskforce, but the industry roundtables will be smaller meetings and are likely to be of greater interest to businesses, industry associations, social welfare groups and academics.
- Register for the public town hall discussion (12:30pm to 2pm)
- Register for the industry roundtable with the Chairman (9:30am to 10:30am & 2:30pm to 3:30pm).
The pages provide further information about the two different events, and importantly, allow interested parties to register. Events are also being held in other states and territories.
Further information can be found on www.treasury.gov.au/blackeconomy.
Third Party Reporting
Issued 22 May 2017
Changes are proposed to be made to the reporting requirements, processes and systems (including to RevNet) relating to transfers of real property in South Australia over the coming year. These changes are necessary to help the State meet its reporting obligations for Commonwealth Government’s initiatives on Third Party Reporting and National Register of Foreign Ownership of Land Titles.
These developments are a joint initiative between RevenueSA and the Lands Titles Office.
The existing requirement for a conveyancer or practitioner to conduct verification of identity checks for Property sales means that most, if not all, of the required information will already be available for input into the new Portal.
It is proposed that the finalisation of the system will see a new approach to providing evidence for stamping of documents/instruments in South Australia. Following the proposed legislative amendment, evidence of stamp duty payment will be provided in the form of a PDF Stamp Duty Certificate and a written unique reference number, thus eliminating the need for Slip Printers and manually completed rubber stamps.
This solution will provide the benefit of reduced stamp duty document types and will deliver other user benefits such as compatibility with mobile devices and improved visibility of the progress of opinion assessments.
Additionally, the capacity to transact all real property through eConveyancing will be available as each instrument will be allocated with a unique reference number, where currently eConveyancing is limited to RevNet self-determination documents.
Proposed amendments to the Taxation Administration Act 1996 and the Stamp Duties Act 1923 to facilitate the changes are detailed in the draft Statutes Amendment (Taxation) Bill 2017.
Please email comments in relation to the proposed legislation changes by COB 9 June 2017.
For enquiries please ring RevenueSA on (08) 8226 1588.
Payroll Tax Annual Reconciliation Webinars
Issued 15 May 2017
Free payroll tax annual reconciliation educational webinars will be conducted in June and July 2017 for employers with payroll tax obligations.
In this webinar we will provide you with some pointers to assist you in completing the annual reconciliation process in RevNet. We will also provide you with an opportunity to ask questions during the webinar.
The webinar will run for approximately 1.5 hours.
To register please visit Educational Webinars.
New Information Circulars
Issued 10 May 2017
The following revenue publications have been released.
- Information Circular 99: Stamp Duty on Business Transactions
- Information Circular 100: Deeds of Rectification
- Information Circular 101: Transfer of Property to Correct an Error
- Information Circular 102: Valuations of Land, Interests in Land and Land Holder Interests
New Revenue Ruling
Issued 10 May 2017
Revenue Ruling ESL002: Penalty Levy & Interest has been released to advise how interest and penalty levy will be imposed on levy payers who default on their Emergency Services Levy fixed property liabilities, and circumstances where interest and/or penalty levy may be remitted.
Issued 01 Mar 2017
Want to know more about land tax, stamp duty or payroll tax? Please join us in March and April for a webinar. Topics include:
- Land Tax - Land held on Trust
- Stamp Duty – Section 67
- Payroll Tax - Understanding the basics - what it is, how it works
- Payroll Tax - Allowances, FBT, exemptions & rebates
- Payroll Tax - Contractors
- Payroll Tax - Groupings
To register please visit the Educational Webinars page.
Job Accelerator Grant
Issued 17 Jan 2017
New educational videos released covering eligibility requirements, how to register and where to go for further information.
If your business is registered for payroll tax, please watch the Job Accelerator Grant for businesses registered for payroll tax video.
If you are a small business or start-up, please watch the Job Accelerator Grant for small business and start-ups video.
These are available on our Educational Videos page.
Information Circular 98
Issued 15 Dec 2016
As part of the 2016-17 State Budget, the Government announced several amendments to the Land Tax Act 1936, which come into effect from midnight 30 June 2016.
The legislative amendments to implement these measures are contained in the Statutes Amendment (Budget 2016) Act 2016, which was assented to on 8 December 2016.
Further information can be located in Information Circular 98.
Payroll tax returns - December 2016
Issued 14 Dec 2016
The due date for the December 2016 payroll tax return has been extended from 7 January 2017 to Monday, 16 January 2017.
Please note: If you pay via EPA and use the future dating functionality you will only be able to schedule payment up to,
and including, 7 January 2017.
First Home & Housing Construction Grant Reviews
Issued 13 Dec 2016
The South Australian Civil and Administrative Tribunal (SACAT) was established during 2014-15 to provide a single, easy to find, easy to use body for fair and independent resolution of administrative and disciplinary disputes.
Currently, in relation to First Home and Housing Construction Grant matters, an objector who is dissatisfied with the Minister’s decision on the objection may appeal to the Magistrates Court against the decision.
From 11 December 2016, First Home and Housing Construction Grant matters previously heard by the Magistrates Court moved to SACAT.
Section 28 of the First Home and Housing Construction Grants Act 2000 has been amended, with effect from 11 December 2016, so that an objector who is dissatisfied with the Minister's decision on the objection may now seek a review of the decision by SACAT under Section 34 of the South Australian Civil and Administrative Tribunal Act 2013.
A review must be commenced within 60 days after the notice of the decision on the objection is given (or such longer period as SACAT may allow).
A right of appeal under Section 28 of the First Home and Housing Construction Grants Act 2000 in existence before the amendment came into operation (but not exercised before that day) will be exercised as if the amendment had been in operation before the right arose, so that the relevant proceedings may be commenced before SACAT rather than the Magistrates Court.
Further information about SACAT including how to bring a case before SACAT can be found at sacat.sa.gov.au or by phoning SACAT on 1800 723 767.
Foreign Currency Transactions
Issued 06 Dec 2016
Instruments expressed in a foreign currency need to be converted to Australian dollars to determine ad valorem stamp duty.
Further information can be located in Information Circular 97.
Issued 05 Dec 2016
Thanks for your patience during the upgrade to our system.
Issued 24 Nov 2016
Over the coming weeks RevenueSA will be upgrading its core IT systems for the administration of payroll tax, land tax and the emergency services levy. The upgrade will be occurring from Thursday, 1 December 2016 to Sunday, 4 December 2016 inclusive.
While every effort will be made to minimise the impact to users of RevenueSA's online services, RevNet will be unavailable whilst the upgrade occurs. RevenueSA apologises for any inconvenience.
Accordingly, advance notice is given of the following disruption to RevenueSA’s online services:
RevNet will be unavailable for Payroll Tax Users between 7:00 pm Thursday, 1 December 2106 and 8.00 am Monday, 5 December 2016.
During this period, you will not be able to access RevNet to:
- view or submit returns;
- make payments by Electronic Payment Authority (EPA) or generate payment references; or
- update any client's details.
Given the disruption to RevNet service, the due date for the November 2016 return period has been extended from 7 December 2016 to 9 December 2016.
If you pay via EPA and use the future dating functionality you will only be able to schedule payment up to, and including, 7 December 2016.
RevNet will not be available for Certificate Users between 7.00 pm Thursday, 1 December 2016 and 8.00 am Monday, 5 December 2016. Certificate requests and associated payments cannot be made during this period.
There will be no disruption to RevNet for Stamp Duty Users wishing to pay or stamp documents during this upgrade period, services will be available as normal. However, please be aware that the certificate function will not be available between 7.00 pm Thursday, 1 December 2016 and 8.00 am Monday, 5 December 2016.
Regular updates will be published on revenuesa.sa.gov.au, through Facebook and Twitter, and via email as required on progress of the upgrade.
RevenueSA will continue to provide service to taxpayers during normal business hours. Should you have any further questions or require additional information please contact RevenueSA during business hours (Monday to Friday 8:30am to 5:00pm).
Payroll Tax (08) 8204 9880
ESL 1300 366 150
Land Tax (08) 8204 9870
Stamp Duty (08) 8226 3750
We thank you in advance for your patience during this upgrade period.
2016 RevenueSA Taxpayer Survey
Issued 16 Nov 2016
The 2016 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 here. The survey will be open until close of business on Friday, 16 December 2016.
Your feedback is important to us. We appreciate your honest and constructive responses. Results from the survey will be published on our Internet site.
Please do not feel that you need to wait until our annual 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, as we need the range of feedback to continually improve our services and develop new standards. Feedback can be provided at any time via our complaints and feedback page.
Issued 15 Nov 2016
As part of Simplify Day, a parliamentary sitting day held on Tuesday 15 November 2016 which has been set aside to repeal out-dated and redundant legislation from the stock of rules and requirements impacting on business and the community, the Government has announced the following measures impacting taxation legislation:
- the repeal of the Financial Institutions Duty Act 1983 and the Debits Tax Act 1994; and
- the removal of redundant provisions relating to rental businesses, the gaming machine surcharge, mortgages, financial products, personal property and associated consequential amendments in the Stamp Duties Act 1923.
The legislative amendments to implement the above measures are contained in the Statutes Amendment and Repeal (Simplify) Bill 2016 (the “Bill”), introduced into Parliament on 15 November 2016. The operation of these measures is subject to the Bill coming into force as an Act.
Connect with us
Issued 11 Nov 2016
Want to keep up to date with state revenue matters?
Why not follow us on Facebook, Twitter or YouTube, or sign up for our free email subscription service.
Issued 07 Sep 2016
Three educational videos have been released on the topic of payroll tax.
If you are new to payroll tax, our information for new payroll tax registrants video provides you with useful information, including how to calculate payroll tax, when returns and payments are due, and payment methods available.
If you need some guidance to complete and lodge your monthly return on RevNet, there are two videos available: one for taxpayers registered to pay by electronic payment authority (EPA) and one for taxpayer who pay by EFT, BPay or cheque.
You can watch the videos from our Educational Videos page.
Issued 26 Jul 2016
RevenueSA has released a new Service Charter and eleven Service Standards Key Performance Indicators (KPIs).
Each month we will report on our progress for eight of the KPIs, with the remaining three reported annually.
We welcome your feedback on our service at any time, including your ideas on how we can improve our service.
2016-17 State Budget
Issued 07 Jul 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;
- an amendment to Section 67 of the Stamp Duties Act 1923 (the “SDA”);
- an amendment to Section 71(5)(j) of the SDA;
- the removal of the prescribed goods provisions in the SDA;
- 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;
the expansion of the land tax principal place of residence exemption;
- the extension of the small business payroll tax rebate for a further four years;
- an amendment to Section 93(1) of the Taxation Administration Act 1996; and
- the introduction of a tax for betting companies offering services in South Australia.
The legislative amendments to implement the above measures (except the extension of the small business payroll tax rebate which is an administrative scheme) are contained in the Statutes Amendment (Budget 2016) Bill 2016 (the “Bill”) which was introduced into Parliament on 7 July 2016. The operation of these measures is subject to the Bill coming into force as an Act.
The Government also announced the introduction of a Job Accelerator Grant Scheme. These grants will be delivered through an administrative scheme.
Information Circular 93 provides an overview of the Budget measures. Additional information is provided in the following revenue publications:
- Information Circular 94: State Budget 2016-17 Land Tax Amendments
- Information Circular 95: Job Accelerator Grant Scheme
Other publications which have been updated to reflect the Budget changes include:
- 2016-17 Guide to Legislation: Land Tax
- 2016-17 Guide to Legislation: Payroll Tax
- Information Circular 96: Payroll Tax Rates
- 2016 Guide to Legislation: Stamp Duty Land Holder
- Section 102B Return
eConveyancing in RevNet
Issued 04 Jul 2016
eConveyancing will launch in South Australia on 4 July 2016 (refer to Land Services Customer Information Bulletin – Issue 294).
To accommodate eConveyancing we have made some changes to RevNet.
If you are already registered, or considering registering for eConveyancing in South Australia and are a RevNet user why not attend one of our upcoming ‘eConveyancing in RevNet’ webinars.
To register please visit the Educational Webinars page on our website.
2016-17 Rates Released
Issued 01 Jul 2016
Information Circulars released to advise the 2016-17 rates for interest, land tax and the emergency services levy.
Information Circular 90 advises the interest rate applied to tax defaults or refunds for 2016-17.
Information Circulars 91 and 92 provide a summary of changes for land tax and the emergency services levy, respectively.