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Joint Media Release – State And Territory Treasurers
State And Territory Treasurers Agree To Historic
Payroll Tax Reform
Michael Costa MLC NSW Treasurer
Syd Stirling MLA NT Treasurer
John Brumby MLA VIC Treasurer
Eric Ripper MLA WA Treasurer
Anna Bligh MP QLD Treasurer
Kevin Foley MP SA Treasurer
Jon Stanhope MLA ACT Treasurer
Michael Aird MLA TAS Treasurer
The first ever major national overhaul of payroll tax arrangements has been agreed to by State and Territory Treasurers in a meeting in
The reforms address eight important areas of the patrol tax system and will simplify and harmonise provisions across the country cutting red tape for thousands of Australian businesses.
States have agreed to adopt common provisions and definitions for:
• Timing of lodgement
• Motor vehicle allowances
• Accommodation allowances
• A range of Fringe Benefits
• Work performed outside a jurisdiction
• Employee share acquisition schemes
• Superannuation contributions for non-working directors
• Grouping of business
States and Territories will retain control over individual rates and thresholds.
The new arrangements will apply by no later than
The outcome of this afternoon’s meeting demonstrates the commitment of States and Territories to real tax reform in the national interest.
This new approach to payroll tax will streamline administration for businesses that operate in more than one jurisdiction.
In addition, those businesses that operate in just one jurisdiction will also benefit from reduced red tape and lower compliance costs.
All businesses stand to benefit from these reforms.
Building on today’s historic reforms, all jurisdictions have agreed to move towards the adoption of a range of arrangements recently agreed to between NSW,
and
MEDIA ADVISORS
NSW: Mathew Jones: 0419 633 827
WA: Tom Laurie: 0438 952 475
NT: Michelle Fraser: 0407 642 011
SA: Sylvia Rapo: 0422 113 227
VIC: George Svigos: 0400 140 416
ACT: Penelope Layland: 0438 289 714
QLD: Steve Keating: 0408 720 081
