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NSW State Taxes

Published on 17 Feb 2004 | Took place at The Menzies Hotel, Sydney , NSW

2003 was a big year for NSW's state taxes. Sweeping changes across a range of commercial and workplace transactions represent some of the most significant developments in NSW stamp duties since the introduction of the new Duties Act in 1998.

Land rich and transfer duty provisions have been affected substantially, their application widened to catch a range of transactions that were not previously taxed.

Other shifts in the area include the imposition of liability for duty on Directors for defaults by companies in paying tax, and significant payroll tax adjustments.

This seminar brings together leading tax practitioners in NSW state taxes and key personnel from the Office of State Revenue and aims to bring you up to date with these important changes.

Get a 20% discount when you buy all the items from this event.

Individual sessions

New Land Rich Regime in New South Wales

Author(s):  Peter MCMAHON This seminar paper covers the following topics:
- identifying land rich companies and unit trusts - new tests
- tracing through 20% linked entities
- new minority acquisition triggers
- widening of aggregation provisions
- how and when interests are 'acquired'
- treatment of public and wholesale unit trusts.

Materials from this session:

Stamp Duty on Business Acquisitions

Author(s):  Angela MELICK This seminar paper covers the following topics:
- what transactions are dutiable?
- what assets are dutiable?
- at what time does the stamp duty liability arise?
- differences between Australian jurisdictions
- current issues
- planning ideas.

Materials from this session:

Corporate Reconstruction Relief

Author(s):  Jane CRISP This seminar paper covers the following topics:
- new guidelines in NSW
- conditions for relief
- what has changed?
- changes in other jurisdictions
- practicalities for applying for the relief
- stamp duty on transfers of assets within a consolidated group.

Materials from this session:

Employee Shares and Options

Author(s):  Adrian CHEK This seminar paper covers the following topics:
- payroll tax implications in each jurisdiction
- recent NSW changes
- liability and valuation issues
- comparison with income tax treatment
- stamp duty issues.

Materials from this session:

Recent Developments in State Taxes

Author(s):  Christopher J BEVAN This seminar paper covers the following topics:
- the Draconian new payroll tax grouping and principal contractor liability provisions which took effect on 1 July 2003 enacted by the Payroll Tax Legislation Amendment (Avoidance) Act, 2002
- recent cases on the Duties Act, 1997, including the Oates Properties case and the Dick Smith Electronics case
- recent cases on the Land Tax Management Act, 1956, including the Flaracos case and the Maurici case.

Materials from this session:


Author(s):  Anastasia TSEKOUROS,  Alan BELL This seminar paper covers the following topics:
- legislative basis for audit activities- what can be the subject of an audit
- policies and approach in relation to conduct of audits
- powers of reassessment and imposition of penalties
- scope of legal professional privilege
- liabilities of directors and officers
- Taxpayers' Charter of Rights?

Materials from this session: