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The LIV's State Taxes Committee has written to the Victorian treasurer Tim Pallas seeking a review of the State Taxation Acts Amendment Bill 2019 (Vic).
The letter specifically addresses the application of the amended economic entitlements provisions and fixtures provisions under the Bill.
The LIV believes that the amendments proposed by these provisions to amend the Duties Act 2000 will extend duty to transactions beyond the ambit or intention of the legislation such that immediate attention to these provisions is required before the Bill is passed in the Legislative Council.
Read full submission here.
Contact
State Taxes Committee
clavery@liv.asn.au
agidleycurtin@liv.asn.au
03 9607 9381
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