The Fuel Subsidy Repeal and Revenue and Other Legislation
Amendment Bill 2009 was passed through parliament on Friday 19 June
2009. The Bill amends a number of Acts, with most amendments coming
into effect on 1 July 2009.
Fuel Subsidy Act 1997
From 1 July 2009, the Queensland Fuel Subsidy Scheme is
abolished. As a result, fuel subsidies will not be payable for
retail fuel sold, or bulk end user fuel sold, after 30 June 2009.
However, subsidies will continue to be payable to licensed fuel
retailers who sell retail fuel, and to licensed bulk end users who
use bulk end user fuel, before 1 July 2009. Additional amendments
to the Fuel Subsidy Act 1997 are also to be made to deal with the
repeal of the subsidy.
Duties Act 2001
The transfer duty first home vacant land concession threshold
was increased from $150,000 to $250,000. The cut-off has also
increased from $300,000 to $400,000. These changes take effect from
1 July 2009.
First Home Owner Grant Act 2000
A number of amendments have been made to reflect the extension
of the First Home Owner Boost, announced by the Commonwealth
Budget. The timeframe for transactions coming within the Boost is
extended from 30 July 2009 to 31 December 2009. The First Home
Owner Boost will be reduced to $3,500 for established homes and
$7,000 for new homes after 30 September 2009. The $1 million cap on
application of the First Home Owner Grant is deferred until 1
Land Tax Act 1915
A 0.5 percent surcharge on that part of the aggregate value of a
taxpayer's land exceeding $5 million will begin from 1 July
Payroll Tax Act 1971
Amendments will provide employers who employ apprentices and
trainees with a rebate of tax for the 2009/2010 financial year, to
reduce pay-roll tax payable on the wages of other employees.
Casino Control Act 1982
Amendments have been made regarding the State's liability to
make changes under the authority of section 51(4) of the Act. The
amendments ensure that the casino tax rates that apply for
Queensland casinos are able to be varied by the Governor in Council
by Regulation without claims of compensation, and despite any
clauses within any Casino Agreements or Casino Agreement Act. Also,
the one percent Community Benefit Levy has been removed. This
change is also reflected in the Gaming Machine Act 1991.
Statistical Returns Act 1896
Amendments will allow key statistical collections to be
administered in a sustainable and efficient manner, using
up-to-date sampling frames and collection methods.
The Council announced planning policies to encourage more inner suburban retirement village and aged care development.
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