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Treasury and Revenue Legislation Amendment Act 2023

The NSW Government has announced some tax measures as part of the 2023-24 Budget.

The Treasury and Revenue Legislation Amendment Act 2023 was announced 19 September 2023, received assent on 27 September 2023, and will implement the measures which are to generally commence on 1 February 2024.

This guide provides key information relating to the budget amendments, and how they affect duties transactions.

Chapters

  1. Overview
  2. Corporate reconstructions and consolidations concession
  3. Landholder duty
  4. Fixed and nominal duty amounts
  5. Electric vehicle duty exemption and rebate ends
  6. Remission of interest clarification

1. Overview

On 19 September 2023, the NSW Treasurer, the Hon. Daniel Mookhey MLC, handed down the 2023-2024 State Budget. The Treasury and Revenue Legislation Amendment Act 2023, will implement the measures announced in the Budget which are to generally commence on 1 February 2024.

This guide provides key information relating to the amendments, and how they affect duties transactions.