Foreign Acquisitions and Takeovers Act 1975 (Cwlth)

Revenue and Other Legislation Amendment Bill 2019

This bill implements revenue measures from the 2019-20 Queensland Budget. It raises land tax rates on large corporate landholdings and foreign owners, increases the petroleum royalty rate from 10% to 12.5%, adjusts payroll tax thresholds and rates, and provides targeted tax relief for regional employers and businesses that employ apprentices and trainees.