Duties Amendment Bill (No. 2) 2004 (Qld)

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Queensland

Duties Amendment Bill (No. 2)

Queensland

Duties Amendment Bill (No. 2) 2004

Contents

Schedule

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Short title..........0.0....020000202005- Commencement.............-.-.-+2+0+55 Act amended ............-...220-0-00005

Amendment of s 91 (Concession for transfer duty—home) .............. 0.000.020 0 eee

Amendment of s 93 (Concession for transfer duty—mixed and multiple claims for homes and first homes for individuals).................

Omission of ch6, pt2 ...............-.-.-

Amendment of s 362 (Rate of insurance duty—general and accident insurance).......

Insertion of newch 17, pt4................

Part 4 Transitional provisions for Duties Amendment Act (No. 2) 2004

552 Application of amendments about concession for transfer duty for home. .

553 Application of amendments about credit card duty...............0..20000.

Consequential amendments ...............

A BILL

FOR An Act to amend the Duties Act 2001

sl 4 s5 Duties Amendment Bill (No. 2) 2004

The Parliament of Queensland enacts—

1 Short title

This Act may be cited as the Duties Amendment Act (No. 2) 2004.

2 Commencement This Act commences on | August 2004.

3 Act amended This Act amends the Duties Act 2001.

4 Amendment of s 91 (Concession for transfer duty—home)

(1) Section 91(3), (5) and (6), '$250 000'— omit, insert— "$300 000'. (2) Section 91(5)(a), '$2 500'— omit, insert— "$3 000'.

5 Amendment of s 93 (Concession for transfer duty—mixed and multiple claims for homes and first homes for individuals)

Section 93(4)(b)(ii) and (5)(b) (ii), '$250 000'— omit, insert— "$300 000'.

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5 s8 Duties Amendment Bill (No. 2) 2004

6 Omission of ch 6, pt 2 Chapter 6, part 2— omit. 7 Amendment of s 362 (Rate of insurance duty—general and accident insurance) Section 362(1)(a), °8.5%'— omit, insert— '7.5%'. 8 Insertion of new ch 17, pt 4 Chapter 17— insert— 'Part 4 Transitional provisions for Duties Amendment Act (No. 2)'552 Application of amendments about concession for