Key Revenue Measures

  • The stamp duty First Home Owner Concession is to increase to a maximum of $6 800 from 3 May 2005.

  • The period of time to lodge and pay stamp duty on eligible conditional agreements is to be extended.

  • Electronic debit transaction duty to be abolished from 1 July 2005.

  • The stamp duty family farm exemption is to be extended to a broader range of primary production businesses and family entities from 3 May 2005.

  • Refunds of stamp duty for 'contingent' consideration not paid.

View a summary of all measures in the Revenue Circular below:

RC-GEN-001: 2005-06 Budget Amendments (pdf, 95kb)

As a result of the 2004/05 Budget measures, the payroll tax threshold is to increase from $800 000 to $1 000 000 from 1 July 2005.