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NSW Conveyancing & Property

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Stamp duty fields

The stamp duty fields have been renamed to assist in identifying the relevant stamp duty fields for each state and territory (when inserting them in precedents).

All stamp duty fields will now have the prefix naming convention of SD (Stamp Duty)  and the relevant state or territory:

State Current display name Updated display name
NSW Stamp duty display [SD NSW] Stamp duty payable
VIC VIC SD on transfer (Short text) [SD VIC] Stamp duty payable
TAS TAS Duty Payable [SD TAS] Stamp duty payable
WA WA SD Rate – Payable Amount [SD WA] Stamp duty payable
NT NT Stamp Duty display [SD NT] Stamp duty payable
QLD QLD SD Stamp Duty payable [SD QLD] Stamp duty payable
ACT ACT Stamp Duty display [SD ACT] Stamp duty payable
SA SA Duty – Payable [SD SA] Stamp duty payable

As each state and territory has different transfer duty rates (as well as varying exemptions and concessions), please ensure the correct field is using when inserting them in your precedents.

Details on other fields in LEAP that have been prefixed are outlined in this previous LEAP Forms Blog post.

Further details on how to insert fields into your precedents in LEAP can be found in this LEAP Community article.

 

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NSW – Revenue NSW

The following forms have been updated to the June 2020 version:

  • EDR cancellation request (Form ODA 042) [LL-NSW-OSR-712]
  • Application for first home owner grant – on or after 1 July 2017 (Form OFH001) [LL-NSW-OSR713]

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NSW – Revenue NSW Forms

The following forms have been updated:

  • Purchaser declaration form – individual – [LL-NSW-OSR644a]
  • Purchaser declaration form – individual – person 2 (2 people 1 card) – [LL-NSW-OSR644b]
  • Purchaser declaration form – corporation or government – [LL-NSW-OSR644]

Further details about other updated forms will be released shortly.

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NSW – OSR Forms

The following forms have been updated:

  • EDR acknowledge receipt of Revenue NSW accountable stamps – Form ODA063 [LL-NSW-OSR063]
  • EDR acknowledge return of Revenue NSW accountable stamps – Form ODA064 [LL-NSW-OSR064]
  • EDR cancellation request – Form ODA042 [LL-NSW-OSR624]
  • Cancellation of EDR registration – Form ODA031 [LL-NSW-OSR632]
  • EDR declaration of approval holder – Form ODA074 [LL-NSW-OSR684]
  • Application for first home owner grant – on or after 1 July 2014 to 30 June 2017 – Form OFH 201706 [LL-NSW-OSR623]
  • Objection to an assessment or decision – first home benefits – Form OSR027B [LL-NSW-OSR683]
  • Objection to an assessment or decision – Form OSR027A [LL-NSW-OSR593]

These forms can be found in the Revenue NSW folder.

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Conveyancing details – GST Residential Withholding Payment field

GST Residential Withholding Payment field (from the Conveyancing details table) has been updated to round down the relevant figures to the closest dollar:

This is in alignment with the ATO’s requirements that the supplier notification where the amount withheld is to be rounded down to the closest dollar.

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NSW – Revenue NSW

The following form has been created:

  • Declaration of your circumstances form – Form SDR006 [LL-NSW-OSR720]

This form can be found at:  Property & Conveyancing > Property > Purchase > LEAP Forms > Revenue NSW > Grants