Effective from 1 July 2018, stamp duty will no longer be charged on a transfer of non-residential or non-primary production land (“Qualifying Land”). The requirement for these transfer types to be stamped under the relevant Qualifying Land document type will however continue.
Registration fees remain payable to the Registrar-General in respect of a transfer of Qualifying Land, and are based on the consideration (purchase price) or the value assessed by the Commissioner of State Taxation under the Stamp Duties Act 1923.
The Real Property (Fees) Variation Regulations 2018, as gazetted on 31 May 2018, vary the Real Property Regulations 2009 to ensure the registration fees remain payable.
The Regulations will come into operation on 1 July 2018.