Simplify Day

Statutes Amendment and Repeal (Simplify No 2) Bill 2017 was introduced into Parliament on Thursday, 10 August 2017.

This Bill proposes to extend the family farm exemption provisions of the Stamp Duties Act 1923 to include transfers to or from companies, in addition to individuals and trusts, where all other existing criteria are met. This will result in equal treatment for stamp duty on family farm transfers regardless of how the property is held.

For further information please view the Simplify Day Reducing Red Tape and Regulatory Burden 2017 report.