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Published on 27 June 2023

The State Taxation Acts Amendment Act 2023 received Royal Assent on 27 June 2023.

The State Taxation Acts Amendment Act 2023 received Royal Assent on 27 June 2023.

The Act introduces measures announced in the 2023–24 Victorian Budget, including:

  • a new duty exemption for a transfer of land from an immediate family member to a person with a disability
  • an increase to the property value thresholds for pensioner and concession cardholder duty exemption and concession 
  • a temporary land tax surcharge from the 2024 land tax year
  • an increase to the absentee owner surcharge rate from 2% to 4%
  • a temporary payroll tax surcharge to employers who pay Australia wide wages of $10 million or more

The Act also makes amendments to various state taxation acts.

Find out more about all the upcoming changes.

 

Last modified: 23 May 2024
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