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Catherine Clarisse Customer Education Unit
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There are 20 lodgement categories within Duties Online for lodging complex SRO Duty Determination Lodgements.
There are 18 transfer of land and 2 declaration of trust lodgement categories when lodging complex SRO Duty Determination Lodgements.
Trust Exemptions & Concessions Primary Production Aggregation Sub-sale Sale of Business / Goods Related or Associated Party Transfers with Concessions Deceased Estates Partition / Nico Re-Alignment of Boundaries & Discontinued Roads Fractional Interest Bankruptcy Matters Charities & Government Bodies Historical / Terms Contract No Double Duty Adjustment to Dutiable Value Conversion of Land Use Entitlements Breakdown of Relationship Equity Release Program Complex Declaration of Trust over Dutiable Property Complex Declaration of Trust over Non- Dutiable Property
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Payment references change for each transaction. If you use a previous reference number, or type an incorrect reference number the payment will not allocate to the transaction. This is especially important for Declaration of Trust transactions – as the Certificate
In addition to being shown on screen, the payment reference can also be found on the ‘Detail Report’
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Transaction statuses – DOL Duty Determination
Status What does this mean? In progress The data has been entered in relation to your transaction however have not acknowledged the estimate in preparation for Ready to pay You have acknowledged your transaction and is now ready to commit to pay Finalised You have committed to pay and finalised your transaction Completed Payment has been received and allocated against your lodgement Overdue Monies have not been received and/or allocated to your lodgement
Transaction statuses – SRO Duty Determination
Status What does this mean?
In Progress The data has been entered in relation to the lodgement, however it has not been submitted to SRO for duty calculation. Submitted The lodgement has been submitted to SRO for duty calculation Allocated The lodgement has been assigned to an SRO assessor Returned The lodgement has been returned with a request for additional documentation Ready to Pay You have been notified that a duty calculation has been completed by the SRO and therefore the lodgement is ready to be finalised Finalised You have committed to pay and finalised your lodgement Review The lodgement has been ‘taken back’ by the SRO Assessor for further processing Manually assessed The lodgement has been formally assessed by the SRO Impounded The SRO has impounded your lodgement Cancelled The lodgement has been cancelled Completed Payment has been received and allocated against your lodgement Overdue Monies have not been received and/or allocated to your lodgement
Changes to Declaration of Trust processes in DOL A Certificate of Duty is only available after the payment has been received and allocated by the SRO.
A Certificate of Duty will only be available
Ensure that the payment is made after the transaction has been finalised.
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There are 3 user profiles within Duties Online: Administrator Lodger Payment Schedule Approver
The Administrator is the general point of contact between your organisation and the
address, or submit the details of an additional User), and
At least one User must have Administrator access. The Lodger is the operational profile. This User is responsible for:
compiled in the appropriate SRO duties forms and other supporting documentation, and
At least one User must have Lodger access. The Payment Schedule Approver profile is a payment reconciliation and sign-off profile and is responsible for:
individual transaction basis or the Approver also has the option to assign a bulk payment for several transactions,
At least one User must have Approver rights.
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The Duties Online system requires the User to enter the total interest in the property that is being transferred. In all cases, you will need to enter details pertaining to ALL Transferors and ALL Transferees as opposed to only those who are changing interest. The full interest in the property must be shown in Duties Online as per the title and transfer of land. This must be shown as 100 per cent. This can be expressed as either 1 of 1 or 100 of 100. If a Transferor will also be a Transferee, their details must be entered in both the Transferor and transferee fields in Duties Online. By selecting that the Transferor will be remaining on title in Step 3, their details will then come across under the Transferee details. In situations where multiple Transferees are listed you may have different shares. The interest acquired by each of the multiple Transferees must equal the total interest passing in the property being 100 per cent.
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Duties Online allows its users to process the following duty exemptions and concessions:
Pension Card Holder Concession Users are able to process pensioner concession or exemption transactions in the Duties Online. The User will be required to provide a valid Centrelink or Department of Human Services (DHS) registration card number (CRN) and the name of the cardholder. Duties Online will make a system-to-system call to DHS and verify if the applicant is a valid cardholder. Duties Online will further confirm if the applicant has previously received the pensioner concession or exemption.
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What is Electronic Lodgement?(ELM)
Select the SRO duty determination
Select a lodgement category and enter core transaction data Scans supporting documents and lodges online SRO calculates the duty and sends the calculation back into DOL DOL user finalises transaction Makes payment to the SRO and lodges the title at the Titles Office
DOL USER SRO DOL USER
DOL Determination VS SRO Duty Determination
Allows you to process any of the 26 transaction types which can currently be processed via DOL. Allows you to access ELM to lodge your documents electronically to the SRO for a duty calculation. This functionality should be used to lodge any transactions that can not be done under DOL Duty Determination. DOL has been split into two categories; DOL Duty Determination SRO Duty Determination and
DOL Determination VS SRO Duty Determination
DOL has been split into two categories;
Here’s a screen shot
categories are presented within DOL
DOL Duty Determination SRO Duty Determination and
As part of the 2015/16 budget, the Victorian government announced an additional duty of 3% for foreign purchasers of residential properties. The additional duty will apply to dutiable transactions where;
settlement)
Visit www.sro.vic.gov.au to access more information on Foreign Purchaser Surcharge Duty.
To assist in identifying a foreign purchaser the SRO has introduced a purchaser statement (duties form 62).
the contract or agreement is entered into on or after 1 July 2015, irrespective of whether the transferee is foreign or not.
statement, the additional duty may apply. In these circumstances please lodge your documents to the SRO via ELM until 28 September.
transactions in DOL.