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The first stamp duty revenues were issued in 1865 portraying Queen Victoria. Until 1901, a number of sets were issued, all portraying Queen Victoria but with many different designs. In 1909 a new set portraying King Edward VII was issued, and numeral types were first issued in 1917.
South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
In 2016–2017, Revenue NSW collected more than A$ 29.4 billion in revenue. [3] The chief executive officer of Revenue NSW is the Deputy Secretary, Chief Commissioner of State Revenue and Commissioner of Fines Administration, currently Scott Johnston. [4] The agency reports to the Minister for Customer Service.
Stamp Duty Land Tax" (SDLT), a new transfer tax derived from stamp duty, was introduced for land and property transactions from 1 December 2003. SDLT is not a stamp duty, but a form of self-assessed transfer tax charged on "land transactions". On 24 March 2010, Chancellor Alistair Darling introduced two significant changes to UK Stamp Duty Land ...
In July 2009, Australia Post requested the Australian Competition and Consumer Commission (ACCC) to approve a stamp price rise in 2010 from 55 cents to 60 cents but the ACCC declined the approval of the price rise, however in April 2010, Australia Post resubmitted the proposed postal stamp rise.
A state tax commonly called "stamp duty" is assessed when property is purchased or transferred. It is typically around 5% of the purchase price, payable by the purchaser. Other transfer charges may also apply, including special fees for investors from overseas. [7] "Land tax" – also a state tax – is assessed every year on a property's value.
Action by partners – taking the form of either the notice of dissolution of a previously indefinite partnership agreement which is given by a partner which is agreed to by the other partners, or when the partners agree to dissolve the partnership after the termination of a single or multiple undertakings. An example of the latter would be the ...
The department was responsible to the cluster's five portfolio ministers: at the time of its abolition, the Minister for Skills, and Minister for Small Business, the Hon John Barilaro MP who also served as the deputy premier; the Minister for Primary Industries, Minister for Regional Water, and Minister for Trade and Industry, the Hon Niall Blair MLC who also served as the coordinating ...