NSW Govt to change ‘nominal duty’ pricing from 1 Feb 2024

The NSW Govt has advised that from 1 February 2024 their duties will increase as follows:

• $10 is increased to $20
• $50 is increased to $100 (except where relating to Managed Investment Schemes, which is increased to $500)
• $500 is increased to $750.

Work undertaken by SUPERCentral and Townsends Lawyers where a fixed or nominal duty is charged in respect of various transactions throughout the Duties Act 1997 will be impacted by these changes.

It is important to note that work in progress will incur the higher pricing if not finalised before 1 Feb 2024.

If you have any questions regarding any work in progress and possible impact, please do not hesitate to contact SUPERCentral on 02 8296 6266.