Homeโ€บBillsโ€บBill 220

๐Ÿ“œ Duties Amendment Bill 2011

Assented toLABill 22022 June 2011

The Duties Amendment Bill 2011 amends the Duties Act 2008 to clarify the definition of 'land' for stamp duty purposes, particularly concerning mining tenements and fixtures attached to them, addressing concerns raised by a High Court decision. It applies retrospectively from 24 December 2010.

Impact

Mining companies and those dealing with mining tenements will be affected, as the bill clarifies what constitutes a fixture on mining land for duty purposes. This ensures the state's revenue base is maintained by addressing a High Court decision that narrowed the definition of land.

Key Changes

["Clarifies that mining tenements are considered 'land' for duty purposes.", "Specifies what constitutes a 'fixture' on mining tenements and petroleum licenses.", "Applies the amendments retrospectively from 24 December 2010."]

Parliamentary Progress

  1. LA IntroducedLA22 June 2011
  2. LA Second Reading MovedLA22 June 2011
  3. LC Second Reading MovedLC17 Aug 2011
  4. LA Third ReadingLA17 Aug 2011
  5. LA Second Reading AgreedLA17 Aug 2011
  6. LC Second Reading AgreedLC1 Sept 2011
  7. LC Third ReadingLC1 Sept 2011
  8. Royal Assent12 Sept 2011
Affected Sectors
miningfinanceresources

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