Windfall duty for foreign surcharge taxpayers and extensions for home grants and payroll rebates
Revenue and Other Legislation Amendment Bill 2025
Private Member's BillAssembly
Introduced by: David Janetzki (LNP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Taxpayers who challenge invalid foreign surcharge liabilities must pay a windfall duty equal to 100 per cent of the windfall gain.
Unpaid windfall duty becomes a first charge on the residential land.
The Commissioner of State Revenue can sell the land to recover unpaid windfall duty.
The Commissioner can demand a bank guarantee or cash deposit as security for unpaid windfall tax.
Payments made for invalid foreign surcharges go toward the windfall duty instead of being refunded.
First home buyers can get the increased $30,000 grant for transactions until 30 June 2026.
Employers keep the 50 per cent payroll tax rebate for apprentice and trainee wages until 30 June 2026.
Alleged offenders must pay the registration fee for all default certificates registered with SPER on or after 10 June 2022.