Changes for 2023-24

26 June 2023

Utilities Concession

The concession now applies to eligible holders of a Centrelink Health Care Card. An additional $50 rebate will be applied, for a total rebate of $800 in the 2023-24 financial year. See www.revenue.act.gov.au/cost-of-living-support/electricity-gas-and-water-rebate.

The maximum number of trips increased to 854 (from 126) in a financial year. The subsidy amount per trip increased to $28 (from $24) for 50% members and to $43 (from $37) for 75% members. See https://www.revenue.act.gov.au/cost-of-living-support/taxi-subsidy-scheme.

The determined rate is increased to 25 per cent (from 20 per cent). See www.revenue.act.gov.au/business-taxes-and-levies/betting-operations-tax.

The fee to obtain a certificate of rates, land tax and other charges is $133 (increased from $128, based on a Wage Price Index of 3.75 per cent). See www.revenue.act.gov.au/rates-and-property-charges/apply-for-a-certificate-of-rates-land-tax-and-other-charges.

*Also known as stamp duty.

Residential owner occupiers see a reduction in the duty rate for property values up to $260,000 to $0.49 per $100 or part of thereof (from $0.60 per $100 or part of thereof). See www.revenue.act.gov.au/rates-and-property-charges/conveyance-duty-stamp-duty/about-conveyance-duty-stamp-duty.
The commercial conveyance duty tax free threshold is increased by $100,000 to $1,800,000. See www.revenue.act.gov.au/rates-and-property-charges/conveyance-duty-stamp-duty/about-conveyance-duty-stamp-duty.
For the home buyer concession scheme the rate of duty for the highest threshold is adjusted to align the concessional benefit amount with the residential owner occupier conveyance duty charges. See www.revenue.act.gov.au/home-buyer-assistance/home-buyer-assistance/home-buyer-concession-scheme/about-the-home-buyer-concession-scheme.
For the off the plan unit duty exemption the eligible property threshold is increased by $100,000 to $700,000. See www.revenue.act.gov.au/home-buyer-assistance/off-the-plan-unit-duty-exemption.

There are changes to general rates and fire and emergency services levy (now to be known as the police, fire and emergency services levy) charges. See www.revenue.act.gov.au/rates-and-property-charges/rates. With rates increasing in 2023-24, in line with the ACT Government’s tax reform program.
Marginal and fixed rating factors are also adjusted for changes in average unimproved values as at 1 January 2023 – see www.revenue.act.gov.au/rates-and-property-charges/land-valuations.
The safer families levy (SFL) is increased by $5 to $45. See www.revenue.act.gov.au/rates-and-property-charges/safer-families-levy.
Owners of rural land will have the opportunity to seek additional information on their unimproved values (UVs). See www.revenue.act.gov.au/help-and-resources/object-to-an-assessment-or-decision.

The relevant percentage is 1.52 per cent with the base gross income threshold amount for pre-1 October 2013 leases set at $117,100 (increased from $115,300). See www.revenue.act.gov.au/home-buyer-assistance/land-rent-scheme/about-the-land-rent-scheme.
The base gross income threshold amount for leases granted on or after 1 October 2013 leases is increased by $10,000 to $170,000. See www.revenue.act.gov.au/home-buyer-assistance/land-rent-scheme/about-the-land-rent-scheme.

Codified charges for LVC are subject to a partial update –
- Schedule 1 – the charge for variations to limit the maximum number of dwellings permitted on the land under a residential lease for unit titling purposes is increased to $40,000 per unit.
- Schedules 2 & 3 – charges are revised for 50 per cent of the increase for the 3‑year average values to 1 January 2021.
See Planning and Development (Lease Variation Charges) Determination 2023 DI2023-172.

Second-hand hybrid electric vehicles (hybrids) and plug-in hybrid electric vehicles (PHEVs) and with tailpipe emissions of no more than 130g/km of CO2 are subject to nil duty on establishment or transfer of the vehicle. See www.revenue.act.gov.au/motor-vehicle-duty.

The information on this page is current as at 29 June 2023.