The Revenue and Other Legislation Amendment Bill 2009
was tabled in Parliament recently. It proposes amendments to a
number of Queensland Acts, although the most relevant and extensive
changes from a commercial property perspective are to the Land
Tax Act 1915.
The amendments in the Bill affecting land tax are proposed to
take effect on 30 June 2009, although transitional provisions are
proposed for some matters.
The Bill was released in draft form for public consultation
earlier this year but its progress to Parliament was delayed when
the State Election was called in March. The Bill implements the
final stage of the Office of State Revenue's 'Revenue
Management System'.
On 16 June 2009, the Fuel Subsidy Repeal and Revenue and
Other Legislation Amendment Bill 2009 was introduced into
Parliament. From a land tax perspective, this Bill proposes to
amend the Land Tax Act from 1 July 2009 to impose a 0.5 percent
surcharge on that part of the aggregate value of a
