Queensland Law Society

Office of State Revenue: Budget changes

On Monday 27 June 2016 the Duties and Other Legislation Amendment Act 2016 received royal assent. The Act implements the following 2016-17 State Budget measures:

The Duties Act 2001 is amended to:

  • extend the transfer duty concession for intergenerational transfers of family primary production businesses by removing the requirement that the transaction be by way of gift, from 1 July 2016
  • impose 3% additional foreign acquirer duty, from 1 October 2016.

The First Home Owner Grant Act 2000 is amended to:

  • increase the amount of the Queensland First Home Owners’ Grant from $15,000 to $20,000 for eligible transactions entered into between 1 July 2016 and 30 June 2017, both dates inclusive.

For more information, refer to the Explanatory Notes for the Bill and the Act.

Budget changes – transfer duty

The following rates and fees apply from 1 July 2016.

Transfer duty

  • Unpaid tax interest (UTI)— 10.01%
  • Adjudication fees—$37.75

Postage and handling fees (for returning documents by post)

  • First document— $4.95
  • Additional documents—$1.55 per document

For more information, see: