[no bill text published] Higher payroll tax thresholds and wage exemptions for apprentices and trainees
Payroll Tax Amendment Bill 2024
Assembly
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The payroll tax threshold for designated group employers rises from $1.5 million to $2.5 million
The formula for calculating annual deductions changes the value from 4 to 2
The Commissioner now calculates certain Territory determinations based on the current threshold divided by 12; this replaces the fixed $125,000 amount
Wages for apprentices and trainees are now exempt from payroll tax
Trainee wages are not exempt if the employer hired them for 3 months full-time or 12 months part-time before the traineeship started
These changes apply to wages paid or payable on or after 1 July 2025