{"id":"F2016L00541","name":"Change of the Reporting Period for Third Party Reports on Real Property Transfers Determination 2016","slug":"change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":129093,"registerId":"commonwealth-F2016L00541-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Change of the Reporting Period for Third Party Reports on Real Property Transfers Determination 2016","content":"Legislative Instrument\n\nCHANGE OF THE REPORTING PERIOD FOR THIRD PARTY REPORTS ON REAL PROPERTY TRANSFERS DETERMINATION 2016\n\nI, Greg Williams, Deputy Commissioner of Taxation, make this determination under subparagraph 396-55(a)(ii) of Schedule 1 to the Taxation Administration Act 1953.\n\nGreg Williams\n\nDeputy Commissioner of Taxation\n\nDated: 11 April 2016\n\n1.  Name of instrument\n\nThis instrument is the Change of the Reporting Period for Third Party Reports on Real Property Transfers Determination 2016.\n\n2. Commencement\n\nThis instrument commences on 1 July 2016.\n\n3. Application\n\nThis instrument applies to the States and Territories, in relation to the reporting period for reports required by table item 3 in section 396-55 of Schedule 1 to the Taxation Administration Act 1953 to be made by the States and Territories to the Commissioner of Taxation.\n\n4. Determination\n\nThe reporting period to which paragraph 396-55(a)(ii) of Schedule 1 to the Taxation Administration Act 1953 applies is specified to be each period of three months ending 30 September, 31 December, 31 March and 30 June.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the narrow, technical function suggested by its title — specifying quarterly reporting periods. It has not expanded beyond its original purpose."},"complexity_factors":["Very short instrument — only 4 operative sections","Only 1 defined term implicitly used (the cross-reference to the Taxation Administration Act)","Single, straightforward determination in section 4 with no exceptions or conditions","No nested logic or cross-references beyond the single reference to the enabling provision","Clear, unambiguous quarterly reporting schedule with fixed dates"],"plain_english_summary":"This is a tax administration rule that tells Australian states and territories **how often they must report real property (land and building) transfers to the Australian Taxation Office (ATO)**.\n\n**What it does:**\n- Sets the reporting period for state and territory governments when they report property transfer information to the ATO\n- Specifies that reports must be submitted **every three months** (quarterly)\n- The quarters end on: 30 September, 31 December, 31 March, and 30 June\n\n**Who it affects:**\n- **State and territory governments** (the \"third parties\" who collect stamp duty and land transfer information)\n- **Property buyers and sellers** indirectly — this data helps the ATO check that people are paying the right amount of tax on property deals\n\n**Why it matters:**\nThe ATO uses this property transfer data to:\n- Verify that people are correctly reporting capital gains (profits from selling property)\n- Check that foreign residents are meeting their tax obligations\n- Ensure the tax system is working properly on property transactions\n\nWithout this rule, there would be no clear deadline for when states must hand over this information."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"The instrument changes the timing of existing reporting obligations by specifying quarterly reporting periods ending 30 Sep, 31 Dec, 31 Mar and 30 Jun (ss 3–4). It does not expand the kinds of reports or add new entities; it alters when States and Territories must submit reports under table item 3 of section 396‑55."},"complexity_factors":["Narrow subject‑matter: only concerns timing of one category of third‑party reports (table item 3, s396‑55).","Limited affected parties: applies only to States and Territories (s 3).","Mechanically simple change: sets fixed quarterly reporting end‑dates (s 4).","Clear legal basis: made under subparagraph 396‑55(a)(ii) (instrument preamble).","Operational impact mainly administrative: timing and scheduling adjustments rather than substantive new duties.","Specified commencement date (1 July 2016) requires administrative transition planning (s 2)."],"plain_english_summary":"This determination (commencing 1 July 2016) fixes the reporting period for third‑party reports on real‑property transfers to quarterly cycles ending 30 September, 31 December, 31 March and 30 June. It applies to reports required under table item 3 of section 396‑55 of Schedule 1 to the Taxation Administration Act 1953 and therefore requires States and Territories to submit those reports on that quarterly timetable (ss 3–4). The change alters when reporting obligations are due and requires corresponding administrative scheduling and compliance adjustments."}},"importantCases":[],"_links":{"self":"/api/acts/change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016","history":"/api/acts/change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016/history","analysis":"/api/acts/change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016/analysis","conflicts":"/api/acts/change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016/conflicts","importantCases":"/api/acts/change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016/important-cases","documents":"/api/acts/change-of-the-reporting-period-for-third-party-reports-on-real-property-transfers-determination-2016/documents"}}