Department of Treasury and Finance > Taxes, Royalties and Grants > TRO News
There is no change in the value of the revenue unit from 1 July 2017. Accordingly, the value of a revenue unit continues to be $1.15, its value since 1 July 2015.
Further information on the application of revenue units to calculating government fees and charges can be found at the Territory Revenue Office’s Revenue Units page.
Grant Parsons has retired as Assistant Under Treasurer and Commissioner of Territory Revenue, effective 23 December 2016, and Mick Butler has been appointed Acting Commissioner subject to recruitment action being undertaken in due course.
By way of background, Mick has held various executive positions in the Department of Treasury and Finance and the former Department of Business, and was most recently employed in the role of Senior Director Revenue with the Territory Revenue Office.
The Capital Recognition Deduction factors, calculated pursuant to sections 4C(1)(b) and 4C(6) of the Mineral Royalty Act, for the period 1 July to 31 December 2016 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA-007: CRD Factors.
We wish to advise that the Territory Revenue Office will be closed from Monday 26 December until Monday 2 January inclusive and will re-open at 9.00am on Tuesday, 3 January 2017.
From 1 October 2016, in addition to the $26 000 First Home Owner Grant (FHOG), eligible first home owners of new homes will be entitled to a grant of up to $2000 for the purchase of household goods for use in that home.
The Household Goods Grant Scheme (HGGS) is effective from 1 September 2016. This means that first home buyers entitled to the FHOG who enter into a contract to build or purchase a new home on or after 1 September 2016 will be entitled to the grant.
Eligible applicants will be able to use the grant to purchase household goods such as white and brown goods, indoor and outdoor furniture, curtains and blinds, manchester and kitchenware. The grant will only be available where eligible goods are purchased from a Territory enterprise.
Further information about the grant, including eligibility criteria, the type of goods that can be purchased and from where, is available on the Territory Revenue Office webpage under the Home Owner Incentives link.
If you would like further information about the HGGS, please contact our friendly team via email at firstname.lastname@example.org or by phoning 1300 305 353.
For transactions entered into on or after 1 September 2016, the First Home Owner Discount (FHOD) increases from $10 000 to $23 928.60 for established homes valued at $650 000 or less. This equates to a full stamp duty concession on the initial $500 000 value of the home.
For established homes valued at more than $650 000, the $10 000 FHOD continues to be available until 31 December 2016.
Further information on the FHOD can be found under the First Home Owner Discount page on this website.
Integrated Revenue Application (INTRA), the Territory Revenue Office’s new online payroll tax system replaced the previous payroll tax lodgement facility, TRMeR from 29 August. INTRA allows users to:
• validate their user account in INTRA to allow immediate access;
• lodge and edit monthly returns for the current financial year;
• save and edit a partially completed annual adjustment return prior to submission;
• add and delete users as required;
• update entity and user contact details; and
• register a new employer online;
We have also taken this opportunity to:
• update the look and feel of our online facilities; and
• improve navigation.
INTRA has been designed as a user-friendly system with easily navigated functions. However, please contact our friendly staff via email at email@example.com or by phone on 1300 305 353 if you experience any difficulties in the transition.
Territory Revenue Office
The Capital Recognition Deduction factors, calculated pursuant to sections 4C(1)(b) and 4C(6) of the Mineral Royalty Act, for the period 1 January 2016 to 30 June 2016 have been approved by the Secretary.
An updated schedule is available in Royalty Guideline RG-MRA-OO7: CRD Factors.
The First Home Owner Discount was announced by the Treasurer on 24 May 2016 as part of the 2016‑17 Budget. For further information, view the Revenue Circular.
RC-GEN-017 2016-17 Budget Measure – First Home Owner Discount
The Stamp Duty Amendment (First Home Owner Discount) Bill 2016 and accompanying Explanatory Statement provide for the First Home Owner Discount.