Ministerial Direction Powers for the Superannuation Trust Corporation
Revenue and Other Legislation Amendment Bill 2026
Legislative Assembly
Legislative Council
Assent
Introduced by: Chris Minns (ALP) — Premier; Daniel Mookhey (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Treasurer can direct the Superannuation Trust Corporation on how to manage funds or investment strategies; this applies if the Treasurer believes the corporation's conduct harms the State's financial management.
The Superannuation Trust Corporation must follow these directions; the directions cannot conflict with other laws.
Land buyers can get a refund of surcharge purchaser duty if the land is subject to a build-to-rent land tax concession for at least five years.
Australian corporations can get a refund of surcharge purchaser duty if they build a retirement village with at least 50 dwellings on the land.
Retirement village operators are exempt from paying surcharge purchaser duty on dwelling transfers made on or after 1 July 2026.
Exempt buyers must pay the surcharge purchaser duty if their exemption is revoked; this happens if the land is subdivided within 15 years of a build-to-rent concession.
News articles and press releases
Revenue and Other Legislation Amendment Bill 2026
Mr PAUL SCULLY, Minister for Planning and Public Spaces — 2026-06-23
from 21 July, this Labor Government is cutting vehicle registration by $100 for every private car and $80 for every private motorcycle for the next 12 months.