News in brief…25 February 2025

Queensland passes GP payroll tax exemption, first-home buyer transfer duty relief bill; Federal Government plans to increase alcohol manufacturer tax incentives; Legislation update: Legislative instruments related to PTR, DGR community charities, ASEAN-Australia-NZ free trade registered; Audit Office publishes assessment of ATO’s AI governance framework; ATO update: Eligibility and claim process of critical mineral, hydrogen production tax incentives; ATO update: Payday Super reform consultation key topics; United States seeks public comments on foreign trade practices

Queensland passes GP payroll tax exemption, first-home buyer transfer duty relief bill Queensland Parliament has passed legislation which removes payroll tax and mental health levy for general practitioners and provides full transfer duty relief for first-home buyers. The Revenue Legislation Amendment Bill 2024, which now waits Royal Assent, implements the following changes: from 1 December 2024, wages paid by medical practices to general practitioners are exempt from payroll tax; from ...

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Published Date: 25 February 2025