As part of Simplify Day, a parliamentary sitting day held on Tuesday 15 November 2016 which has been set aside to repeal out-dated and redundant legislation from the stock of rules and requirements impacting on business and the community, the Government has announced the following measures impacting taxation legislation:
The legislative amendments to implement the above measures are contained in the Statutes Amendment and Repeal (Simplify) Bill 2016 (the “Bill”), introduced into Parliament on 15 November 2016. The operation of these measures is subject to the Bill coming into force as an Act.
The State Government has approved a range of initiatives to ensure government regulation and decision making is undertaken quickly and efficiently. The initiatives support a key economic priority of government, which is to make South Australia the best place to do business.
One of these initiatives is Simplify Day, a parliamentary sitting day to be held on Tuesday, 15 November 2016, which has been set aside to repeal out-dated and redundant legislation from the stock of rules and requirements impacting on business and the community.
The opportunity to simplify state revenue legislation extends to provisions under legislation, not just whole legislative instruments, as well as making legislation simpler to read and comply with.
By way of example, the rental business and mortgages provisions in the Stamp Duties Act 1923 may be considered to be redundant as these taxes were abolished from 1 July 2009.
In addition, the ongoing liability to pay financial institutions duty and debits tax was removed on 1 July 2001 and 1 July 2005 respectively, however, the Financial Institutions Duty Act 1983 and the Debits Tax Act 1994 have yet to be repealed.
Your suggestions in relation to South Australian state revenue legislation are sought by close of business on Thursday, 11 August 2016 and can be submitted by email to firstname.lastname@example.org.
Based upon suggestions received during the public consultation period, detailed legislative change proposals will be developed, in partnership with industry, before being introduced into Parliament on 15 November 2016.
You are also encouraged to contribute suggestions for simplification across the range of State legislation, further information in relation to the Simplify Day initiative is available at the SA Government website YourSAy.