Recent News

2019-20 State Budget Measures

Released 28 June 2019​​

The Tasmanian Government 2019-20 State Budget announced Land Tax exemptions and Property Transfer Duty concessions. These measures have been gazetted.​ Read ​this summar​y factsheet for more information

​​​Market Rate of Interest for 2019-20

Released 28 June 2019​​

The market rate of interest for the 2019-20 financial year decreases to 1.54 per cent.

The rate is based on the 90-day Bank Accepted Bill Rate published by the Reserve Bank of Australia for the month of May preceding the new financial year.

Interest is imposed to:

  1. compensate the Tasmanian Government for being denied the use of revenue; and
  2. promote equity among taxpayers by ensuring that those who meet their obligations are not disadvantaged compared with those who do not.

The Market Rate of Interest is discussed in the Revenue Ruling on Interest and Penalty Tax for tax defaults, published by the Commissioner for State Revenue.​

​​Land Tax Search fee and Duties Administration fee for 2019-20

Released 28 Ju​​ne​ 2019​

From 1 July 2019, the fee for issuing a Land Tax Search certificate will increase from $11.85 to $12.15. Go here for more information about ​Land Tax Search.

From 1 July 2019, the State Revenue Office Duties Administration fee for processing optional Duties Instruments will rise from $39.50 to $40.50.​

The increases occur as at 1 July each year in line with the CPI adjustment factor provided for under section 5 of the Fee Units Act 1997​.​​

Motor Dealer’s Exemption Certificate fee for 2019-20

Released 28 June 2019

From 1 July 2019, the application fee for a new Motor Dealer’s Exemption Certificate will increase from $556.16 to $570.24. Go here  for more information about Exemption Certificates.

 

From 1 July 2019, the renewal fee for a Motor Dealer’s Exemption Certificate will increase from $496.12 to $508.68.

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