What's new
Changes to payroll tax from 1 January 2025
Published: 25 October 2024
From 1 January 2025, the Treasurer will waive the 1 January to 30 June 2025 payroll tax liability of employers with 2024-25 taxable Australian wages of $2.5 million or below.
If an employer is part of a group, liabilities will be waived where the 2024-25 taxable Australian wages of the group are $2.5 million or less.
Employers who are eligible for the waiver will still need to pay payroll tax liabilities incurred between 1 July 2024 to 31 December 2024.
For more information on eligibility and steps to claim the waiver, read the payroll changes from 1 January 2025.
Changes to payroll tax from 1 July 2025
Published: 25 October 2024
From 1 July 2025, the Payroll Tax Act 2009 will be amended to:
- increase the tax-free threshold to $2.5 million
- increase the maximum annual deduction to $2.5 million
- exempt wages paid to apprentices and trainees.
For more information, read the payroll changes from 1 January 2025.
Capital recognition deduction factors 1 January to 30 June 2024
Published: 9 July 2024
The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2024 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA-007: Capital recognition deduction factors PDF (208.1 KB).
New value of a revenue unit from 1 July 2024
Published: 13 March 2024
The value of a revenue unit from 1 July 2024 will be $1.41.
Capital recognition deduction factors 1 July to 31 December 2023
Published: 9 January 2024
The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2023 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors PDF (222.2 KB).
Capital recognition deduction factors 1 January to 30 June 2023
Published: 4 July 2023
The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2023 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors PDF (222.2 KB).
Consultation: mineral royalty scheme review
Published: 22 June 2023
A new mineral royalty scheme for the Northern Territory is being developed.
The Department of Treasury and Finance is seeking written submissions to inform the development of a new mineral royalty framework.
Consultation is open from 22 June 2023 until COB on 4 August 2023.
To provide your feedback, go to the Have Your Say website.
2023-24 Budget revenue measure
Published: 9 May 2023
The following taxation measures were announced by the Territory Government as part of the 2023-24 Budget:
From 9 May 2023, stamp duty on the conveyance of non-land property, except for goods conveyed with an interest in land, is abolished.
Complementing this measure, a new stamp duty exemption will be introduced for goods conveyed with a lease where the lease has nil or nominal value. For more information, read the stamp duty page.
New value of a revenue unit from 1 July 2023
Published: 8 May 2023
The value of a revenue unit from 1 July 2023 will be $1.35.
Capital recognition deduction factors 1 July to 31 December 2022
Published: 4 January 2023
The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2022 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors.
Capital recognition deduction factors 1 January to 30 June 2022
Published: 4 July 2022
The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2022 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors. PDF (208.9 KB)
House and land package exemption from 1 July 2022
Published: 1 July 2022
From 1 July 2022, an exemption from stamp duty applies for eligible individuals who acquire newly-developed land from a registered building practitioner on which there is, or will be, a home constructed by the builder. At least one applicant must live in the home as their principal place of residence within 12 months of completion and stay for a continuous period of at least 6 months.
2022-23 Budget Revenue Measures – Revenue Legislation Amendment and Repeal Bill 2022
Published: 29 April 2022
From 1 July 2022, changes have been made to:
- introduce a stamp duty exemption for house and land packages and speculative builds
- introduce a stamp duty concession of up to $1,500 for electric motor vehicles
- cease the property activation levy from the 2022-23 financial year
- increase the value of a revenue unit to $1.27
Read RC-GEN-21: 2022-23 Budget Measures PDF (2.1 MB) for details about these changes.
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