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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.
A Payroll Tax liability arises in South Australia when an employer (or a Group of employers) has a wages bill in excess of $600,000 for services rendered by employees anywhere in Australia if any of those services are rendered or performed in South Australia. [35] From 1 July 2012: [32] The rate of payroll tax is 4.95%. The annual threshold is ...
Further changes to the threshold for the 32.5c and 37c bracket were made in 2019 by the Morrison Liberal Government, increasing the threshold for the marginal 32.5% rate to $45,001 (previously $37,001, initially legislated to be $41,001), and bringing the changes forward to 2020 (instead of 2022) (see Stage three tax cuts)
A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. [ 3 ] [ 4 ] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.
25 January – Cyclone Kirrily crosses the North Queensland coast at Townsville as a Category 3 system before weakening. [24] 27 January – Queensland state Labor MP Jim Madden resigns from parliament to vie for a position as a local councillor with Ipswich City Council in the 2024 Queensland local elections on 16 March. [25]
The Land Tax Act 1910 (Cth) [1] and the related Land Tax Assessment Act 1910 (Cth) were Acts of the Parliament of Australia which imposed a progressive land tax on the unimproved value of land. They were enacted in November 1910 by the Fisher Labour Government intent on breaking up a number of very large holdings of underutilised, arable land ...
Queensland is governed according to the principles of the Westminster system, a form of parliamentary government based on the model of the United Kingdom.Legislative power rests with the Parliament of Queensland, which consists of the King, represented by the Governor of Queensland, and the one house, the Legislative Assembly of Queensland.
The 319 counties of Queensland in 1901. Lands administrative divisions of Queensland refers to the divisions of Queensland used for the registration of land titles. There are 322 counties, and 5,319 parishes within the state. [1] [2] They are part of the Lands administrative divisions of Australia. Queensland had been divided into 109 counties ...