📜 Business Tax Review (Taxing) Bill (No. 2) 2003
Assented toLABill 20725 June 2003
This Bill amends the Stamp Act 1921, modifying stamp duty rates for mortgages and hire of goods. It adjusts the amounts and rates applicable to different types of mortgages, including home mortgages, and changes the requirements for returns and statements related to the hire of goods.
Impact
Mortgagors (those taking out mortgages) and businesses involved in the hire of goods will be affected by the changes to stamp duty rates and reporting requirements. The changes aim to adjust the tax burden on these transactions.
Key Changes
["Amends stamp duty rates for mortgages, including home mortgages.", "Modifies the amounts and rates applicable to different mortgage types.", "Changes requirements for returns and statements related to the hire of goods by deleting and inserting new items."]
Parliamentary Progress
- LA IntroducedLA25 June 2003
- LA Second Reading MovedLA25 June 2003
- LA Second Reading AgreedLA19 Aug 2003
- LA Consideration in DetailLA21 Aug 2003
- LA Third ReadingLA26 Aug 2003
- LC Second Reading MovedLC9 Sept 2003
- LC Second Reading AgreedLC24 Oct 2003
- LC Third ReadingLC21 Nov 2003
Affected Sectors
finance
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