News and media releases

Revenews - November 2019

01 November 2019

Topics in this Revenews, our monthly e-newsletter:

Who is the NSW Valuer General?

The Valuer General is an independent statutory officer appointed by the Governor of NSW to oversee the valuation system.

The Valuer General values all land in NSW as at 1 July each year. The land values are used by:

  • councils to calculate and distribute rates.
  • Revenue NSW to calculate land tax liability.

The Valuer General is also responsible for determining the amount of compensation an acquiring authority must pay when land is compulsorily acquired.

Visit valuergeneral.nsw.gov.au for more information.

NSW 2019 land values

The Acting NSW Valuer General, Paul Chudleigh, will release the land values for 2.6 million properties across NSW on 8 January 2020.

Land values will be available on the Valuer General’s website at valuergeneral.nsw.gov au together with land value summaries that contain information on:

  • Land value trends for residential, commercial, industrial and rural land
  • Median land values and sale prices
  • Typical land values
  • Added value of improvement table for residential properties
  • Valuation reports.

Notices of Valuation will be issued for all properties in NSW from January to April 2020.

Payroll Tax Exemption for Bushfire Volunteers

With the current Bushfire Emergency in NSW, any wages paid to an employee while volunteering with the Rural Fire Service (RFS) or an emergency services organisation will be exempt from payroll tax in NSW.

This exemption applies to wages paid to an employee who is:

  • taking part in bushfire fighting activities as a volunteer member of a Rural Fire Service under the Rural Fires Act 1997
  • engaging in emergency operations as a volunteer member of an emergency services organisation under the State Emergency and Rescue Management Act 1989.

This exemption will only apply for the specific leave days they were engaged in the above volunteer work. It does not apply to wages that are paid as annual leave, long service leave or sick leave.

Make sure your employee provides you with a letter from the RFS or emergency services organisation to support your deduction.

Jobs Action Plan – Change to when anniversary claims need to be lodged

On 18 November 2019, the Chief Commissioner published a new Payroll Tax Rebate (Jobs Action Plan) revenue ruling. The revenue ruling, JAP 003, states that from 16 December 2019 all claims for the rebate must be made within 90 days of the anniversary date of new position. To view the revenue ruling and to find out more information regarding the Jobs Action Plan Rebate, please visit the Revenue NSW website.

Small Business Grant - Change to when grant claims need to be lodged

On 18 November 2019, the Chief Commissioner published a revenue ruling for the Small Business Grant Incentive Scheme. The revenue ruling, SBG 001, states that from 16 December 2019 all grant claims must be made within 90 days of the anniversary date of new position.  To view the revenue ruling and to find out more information regarding the Small Business Grant Incentive Scheme, please visit the Revenue NSW website.