Revenue Legislation Amendment Bill 2006 (Qld)

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Queensland

Revenue Legislation Amendment Bill 2006

Queensland

Revenue Legislation Amendment Bill 2006

Contents Page

Part 1 Preliminary 1 Shorttitle 2.0... eee 4 2 Commencement. ... 0.0... 500 cece eee eee Part 2 Amendment of Duties Act 2001 3 Act amended in pt2..... 0.0... cece eee 4 4 Amendment of s 63 (What is the value of a trust acquisition or

trust surrender)... 0.2.0.0... 0c eee eee eee eee 4 5 Amendment of s 80 (What is a majority trust acquisition) ...... 4 6 Amendment of s 159 (What are interests and majority interests

in acorporation).........0. 0... eee eee eee 5 7 Amendment of s 165 (What is a land rich corporation) ........ 5 Part 3 Amendment of Land Tax Act 1915 8 Act amended in pt3........ 2.0... cece eee 5 9 Amendment of s 16 (Taxpayer to furnish returns) ............ 5 10 Replacement of s 62 (Application of particular amendments) . . . 5

62 Application of particular amendments ............ 6 11 Replacement of sch 1 (Amounts and rates of land tax—

particular individuals) .............00 0.0.00 cece eee eee 6

Schedule 1 Amounts and rates of land tax—particular

individuals

Part 4 Amendment of Pay-roll Tax Act 1971 12 Act amended in pt4................. 0.000.002. e eee 7 13 Amendment of s 17 (Definitions for sdiv 1).................. 7 14 Amendment of s 23 (Definition for sdiv 2) .................. 7 15 Amendment of s 29 (Definitions for sdiv 1).................. 7 16 Amendment of s 33 (Definitions for sdiv 2).................. 7 17 Amendment of s 37 (Definitions for sdiv 1).................. 7 18 Amendment of s 41 (Definitions for sdiv 2).................. 8 20 Revenue Legislation Amendment Bill 2006

Amendment of s 52 (Meaning of criteria for registration) .......

Amendment of s 87 (Notification requirement—employers exempt from lodging periodic returns) ...............-...-.