Authority Update ACT: Changes to duty collection process

From 18 September 2017, the ACT Government is changing the way it collects conveyance duty, also known as stamp duty from the sale of a residential, commercial or rural property.

The new 'Barrier Free' model is expected to make the process of purchasing a home faster and simpler and applies to all transactions registered on the land titles register. 

How is it changing? 

The new model will allow property buyers to pay the duty after settlement, instead of the current model where duty is paid before settlement. Payments will be required within 14 days after the title has been registered with Access Canberra. 

Property buyers and solicitors will be able to calculate the duty payable and determine eligibility for home buyer assistance schemes and a range of other concessions and exemptions online. The ACT Revenue Office website will provide questionnaires, information sheets and calculators to assist you with this. 

After the title is registered a Notice of Assessment will be delivered to the nominated email address noted on the transfer of land. If the purchaser does not have an email address its recommended that the purchasers representatives is used as an alternative. Once the Notice of Assessment is received, payments can be made online using BPAY or Electronic Funds Transfer. 

Key dates:

On the 8th of September 2017, from 5pm the eLodge Conveyance SmartForm will be shut down and replaced with an updated Conveyance SmartForm on the 18 September 2017 - this will allow clients with a transaction executed prior to this date to lodge directly with the ACT Revenue Office.

On the 12th September 2017, from 4.30pm the Access Canberra shopfront at Dickson will no longer accept lodgements of conveyance transactions for duty assessment.

They will also cease to accept payments for dutiable transactions from this date. Clients who have not paid before this date will have to pay online after 18 September 2017, once services recommence.

To minimise any possible delays to settlements, it is recommended that where possible property buyers pay their duty and collect their stamped documents from the Access Canberra shop front in Dickson prior to this date. Please note, that you will have to allow time for your transaction to be assessed and receive your Notice of Assessment prior to collecting your documents.

SAI Global have posed some additional questions to ACT Revenue office regarding these changes, questions and responses are set out below;

Q: Does registration of title need to happen within 14 business days of settlement
R: The period is for calendar days, however the registration of title doesn't need to happen within 14 days the requirement is that the transferee must lodge within 14 days.

Q: Does the lodgement requirement of 14 days get reset if the transactions is requisitioned by Access Canberra ?  
R: If a file requires a resubmission then the responsible party should allow sufficient time for these submissions so lodgement can be accepted in the 14 calendar day period.

Q: What happens in an incorrect email address is noted on the transfer of land and the Notice of Assessment isn't received? 
R: If an incorrect email address has been provided and the email ''bounces back'' the ACT Revenue Office will contact the primary taxpayer and request the correct email address.  However, if an incorrect email addresses is provided, but it doesn't ''bounce back'' because it is a legitimate email address ACT Revenue Office won't know the taxpayer hasn't received it.   Therefore if a taxpayer does not receive a Notice of Assessment after title registration occurring they should contact the ACT Revenue Office to request a copy of the Notice be re-sent.

For more details including;

  • The benefits
  • Affected transactions
  • Off the Plan purchases 

Please visit https://www.revenue.act.gov.au/barrierfree or contact (02) 6207 0028.

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Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.