Tuesday, 19 December 2017, the State Taxation Acts Further Amendment Act 2017 [Victoria] (the "Act”) was assented. The main purposes of the Act, as per section 1, are:
The Act was enacted from the State Taxation Acts Further Amendment Bill 2017, as passed by both houses of the Victorian Government on 14 December 2017. In its second reading speech in the Victorian Legislative Assembly, Mr Pallas, Treasurer, highlighted the significance of the legislation being presented:
“The amendments being made by this bill will support effective and sustainable tax administration by continuing to improve Victoria's revenue and valuation laws. The bill clarifies the operation of a number of tax laws by correcting technical or drafting defects and removing anomalies, ensures that the State Revenue Office is positioned to meet the expectations of government and the community by maintaining best practice tax administration and provides for a cost effective valuation process in Victoria.
The passage of this bill will ensure that Victoria maintains best practice tax administration, confirms the intention behind various taxation laws and will introduce a robust and cost-effective valuation process in Victoria.”
One area of taxation that the Act aims to improve is in the area of creating jobs and supporting the employment of new apprentices and trainees. As per the second reading speech:
“The Payroll Tax Act 2007 currently exempts wages paid to a new entrant by an organisation declared to be an approved group training organisation (GTO). The new entrant must be employed by the GTO in accordance with the requirements of an approved training scheme. This bill makes amendments that will extend the types of organisations that can be declared to be an approved GTO to include 'for-profit' organisations who employ new entrant apprentices under an approved training scheme. This measure will reduce the payroll tax liability of for-profit GTOs that engage in the recruitment and on-hiring of apprentices and trainees, thereby encouraging the take-up and placement of apprentices and trainees.”
Another area proposed to be improved by the amending Act is in the digital environment, particularly with regards to digital channels of tax management [2R Speech]:
“As part of a general move towards a fully digital environment, the State Revenue Office is looking to provide taxpayers with alternative digital channels to manage their tax affairs. The amendments in this bill to the Taxation Administration Act 1997 will enable the State Revenue Office to serve an assessment or other documents by notifying the taxpayer electronically (i.e. by SMS or email) of an assessment or document available for retrieval by the taxpayer via a secure internet site maintained by the State Revenue Office. Other amendments to the Taxation Administration Act 1997, Unclaimed Money Act 2008 and Fire Services Property Levy Act 2012 will ensure consistency with administrative and postal changes in the servicing of documents and payments, repeal a redundant provision previously enacted to deliver an online duty 'look up' service that is no longer required and update references to certain state and federal departments and agencies.”
The Act is divided into a number of parts, each dealing with the amendments of a particular Act. Part 2 deals with the Congestion Levy Act 2005, Part 3 deals with the Duties Act 2000, Part 4 deals with the Fire Services Property Levy Act 2012, Part 5 deals with the Land Tax Act 2005 and Part 6 deals with the Payroll Tax Act 2007, etc.
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State Taxation Acts Further Amendment Act 2017: Act, Bill, Second Reading Speech and Explanatory Material as published on Timebase, LawOne.
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