📘 Revenue Laws Amendment Act 2013
010 of 2013Assented 24 September 2013
The Revenue Laws Amendment Act 2013 amends the Duties Act 2008, the Taxation Administration Act 2003, and the First Home Owner Grant Act 2000. It introduces interim assessments for transfer and landholder duty and addresses property valuation and penalties.
Impact
Taxpayers involved in property transactions and first home owners are affected. The Act allows for quicker collection of duty revenue through interim assessments and introduces penalties for property undervaluation. It also affects the administration of first home owner grants.
Sectors
financehousingpublic_sector
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