📜 Duties Legislation Amendment Bill 2013
Assented toLABill 1022 May 2013
This Bill amends the Duties Act 2008 and the Duties Legislation Amendment Act 2008 to retain transfer duty on non-real business assets like business licenses and goodwill. It reverses a planned abolition of this duty.
Impact
Businesses in WA are affected as they will continue to pay transfer duty on non-real asset sales. The WA State Budget benefits from increased revenue.
Key Changes
["Reverses the scheduled abolition of transfer duty on non-real business assets.", "Re-enacts provisions imposing duty on business assets if Royal Assent is on or after 1 July 2013.", "Includes transitional provisions for transactions between 1 July 2013 and the commencement date."]
Parliamentary Progress
- LA IntroducedLA22 May 2013
- LA Second Reading MovedLA22 May 2013
- LA Second Reading AgreedLA12 June 2013
- LA Consideration in DetailLA13 June 2013
- LA Third ReadingLA18 June 2013
- LC Second Reading MovedLC18 June 2013
- LC Third ReadingLC28 June 2013
- LC Second Reading AgreedLC28 June 2013
- Royal Assent29 June 2013
Affected Sectors
financepublic_sectorother
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