Land and Property Information fee changes from 1 July 2017
Land and Property Information (LPI) fees for products and services involving land titles, plans, property information and the Water Access Licence Register will change for the 2017/18 financial year.
LPI’s regulated fees are based on the following regulations which commence on 1 July 2017. These regulations are published on the NSW Legislation website: www.legislation.nsw.gov.au.
- Real Property Amendment (LPI Authorised Transaction) Regulation 2017
- Conveyancing (General) Amendment (LPI Authorised Transaction) Regulation 2017
- Strata Schemes Development Amendment (LPI Authorised Transaction) Regulation 2017
Changes to the way GST is applied to LPI fees
Pursuant to the concession of LPI to Australian Registry Investments, announced by the NSW Government on 12 April 2017, GST will now be charged on LPI products and services. The application of GST will begin at the commencement of the concession and the change of LPI’s operator to Australian Registry Investments, which is anticipated to occur on 1 July 2017.
Products and services where GST is currently charged
The relevant 2017/18 fee will be increased by the consumer price index (CPI) in comparison to the 2016/17 fee.
Products and services where GST is not currently charged
The relevant 2017/18 fee excluding GST will be discounted so that when GST is applied to the total fee (inclusive of GST), the product or service fee will increase by CPI in comparison to the 2016/17 fee.
GST implications
For LPI customers not registered for GST, all fees will increase by CPI. For LPI customers that are registered for GST, some fees will have decreased by the amount of GST less the CPI indexation factor.
Are fees for all LPI products and services listed in thiscircular?
The attached table lists all regulated and other fees charged by LPI on both a GST exclusive and inclusive basis.
Are there any transitional arrangements?
2016/17 fees will be applied to land title dealings and plans lodged before1July 2017 but not finalised until after 1 July 2017.
How will fees be determined in future years?
Going forward, LPI fees will be indexed by reference to CPI pursuant to the formula outlined in the 2017 regulation.