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COMMITTEE'S REPORT

The committee tabled its report, No. 16, 56th Parliament - Revenue and Other Legislation Amendment Bill 2018 on 5 October 2018. The Bill was passed by the Legislative Assembly on 30 October 2018.

ABOUT THE BILL

On 22 August 2018 the Hon Jackie Trad MP, Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships introduced the Revenue and Other Legislation Amendment Bill 2018.

The policy objectives of the Bill were to:

• support the expansion of electronic conveyancing
• ensure the charitable institution registration requirements in relation to the use of income and property operate as intended
• give retrospective legislative effect to a number of administrative arrangements that
  • extend the transfer duty concession for family businesses of primary production to all types of dutiable property used to conduct a primary production business
  • ensure that certain deregistered managed investment schemes can be treated as exempt managed investment schemes in particular circumstances and subject to certain conditions
  • correct a cross-reference in the landholder duty provisions to ensure that landholder duty is properly calculated, and
  • ensure that deceased estate land is assessed for land tax as intended
  • update the rate used to calculate the exempt component of a motor vehicle allowance, ensuring that payroll tax can be correctly calculated
• support the implementation of the new service delivery model for the State Penalties Enforcement Registry by making amendments to address technical issues within the State Penalties Enforcement Act 1999
• capture and prohibit substances (such as turbo yeast) that can be used to make homemade alcohol in nine discrete Indigenous communities
• reinstate the ‘last claim standing’ provision as previously understood by decision-makers under the Aboriginal Cultural Heritage Act 2003 and Torres Strait Islander Cultural Heritage Act 2003 prior to the Supreme Court handing down its ruling on Nuga Nuga Aboriginal Corporation v Minister for Aboriginal and Torres Strait Islander Partnerships [2017] QSC 321, and validate decisions made and actions taken, and transition actions taken where processes had already commenced under these Acts
• make minor administrative changes to the Cross River Rail Delivery Authority Act 2016 and include amendments to allow for the Board to appoint an interim chief executive officer
• expressly confirm that compulsory land acquisition applications may be endorsed by the Minister administering the Cross River Rail Delivery Authority Act 2016.

TIMELINE