A key role of the PBS is to facilitate the understanding of proposed annual appropriations in Appropriation Bills No. A shift which may have implications for medical practices in regard to payroll tax obligations. $2.5 million to support a zero-tolerance approach to water theft by strengthening compliance and enforcement approaches, investing in measures to maintain confidence in water reliability for entitlement holders and addressing the risks posed by climate change to water availability. The Budget Update provides revised estimated financial statements relative to the previous Budget, including the projected outcome for the end of the current financial year and revised estimates for the forward years. In addition, heavy vehicles that are entering a local traffic area must obtain an access permit. Tobin Partners Pty Ltd, Lawyers and Notaries, with offices in Brisbane, Sydney and Melbourne is one of the few legal firms in Australia, who are specialising in payroll tax. $70.6M over two years for critical programs and increased demand for the Emergency Services Telecommunication Authority, Life Saving Victoria, State Control Centre, and Emergency Management Victoria. $616,000 to support the operation of the Geelong Authority, to provide strategies to attract investment to central Geelong and create jobs and drive growth as part of the Governments 10-year Revitalising Central Geelong Action Plan. Deals News Contact Us Who we are Who we are Diversity and Inclusion Global Network Human Rights and Responsible Business Innovation Pro Bono and Community Alumni Network Capabilities Capabilities Arbitration 2021-22 Victorian State Budget: everything you need to know 20 May 2021 economy state government - STATE AND FEDERAL BUDGETS - The State Government has handed down the 2021-22 State Budget, featuring many recommendations put forward by the Victorian Chamber to enable business, grow business and make it easier to do business in Victoria. There is a similarly . This includes $40.7 million to expand Victorias lived experience workforce. $323.6 million to deliver critical bushfire and land management actions, continue actions initiated in the Safer Together and Reducing Bushfire Risk programs and enable Forest Fire Management Victoria (FFMVic) to continue to deliver an enhanced fuel management program keeping communities and the environment safe. 2, Victorias Economic Bulletin, Volume 6, No. The Victorian Budget 2021-22 includes announcements related to the State Revenue Office. 20/05/21. 3, Victorias Economic Bulletin, Volume 6, No. This State Budget responds to the Royal Commissions recommendations. as the original custodians of Victorias land and waters, In its State Budget handed down on 20 May 2021, the Victorian Government announced the following initiatives that are favourable for taxpayers: Increase in the tax-free threshold for payroll tax from $650,000 to $700,000 brought forward to 1 July 2021 This would generate savings that could be used to fund some of the programs in the budget, without increasing taxes to businesses. 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. maintenance of spiritual and cultural practices and their engage, with Victorias Traditional Owners and Aboriginal In this sense the PAES are declared by the Additional Estimates Appropriation Bills to be a 'relevant document' to the interpretation of the Bills according to section 15AB of the Acts Interpretation Act 1901. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. $6.56 million to continue the implementation of Plan Melbourne, the Governments metropolitan planning strategy guiding Melbournes growth and infrastructure until 2050. To view or add a comment, sign in. Victoria State Budget 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth. Publication DOCX PDF; Final Budget Outcome 2021-22 : 3.1MB: Preliminaries: 62KB: 296KB: Part 1: Australian Government Budget Outcome 2021-22: 212KB: 808KB: Part 2: Australian Government Financial Statements: 271KB: 1.8MB: To claw back some of these costs, the budget states that the guaranteed annual salary increases for the public service, enshrined in the governments wages policy, will be cut from 3% (including wages and entitlements) to 2% from next year. connection to it. $28.18 million to create liveable communities, boost jobs and support a neighborhood-focused economic recovery. The Victorian Academy of Teaching will be a new specialist statutory entity with a dedicated focus on delivering advanced professional learning for Victorian teachers and educational leaders. $41.65 million has been provided for a range of initiatives to assist communities impacted by the 2019-20 Victorian bushfires. Deaf, hearing or speech impaired? $21 million to boost the Victorian Planning Authoritys capacity to continue delivering the Streamlining for Growth initiative and complete precinct plans for some of the states fastest growing suburbs and regional cities. Treasurer Tim Pallas delivered the Victorian State Budget for 2021/22 on 20 May with relief in regard to payroll tax for some businesses but with an additional tax based on payrolls for others. As with the previous Victorian Budget, the key feature of the 2021-22 Budget is on recovery from the economic impact of COVID-19. In addition to the estimated financial statements and notes to the accounts, it includes the supplementary uniform presentation framework tables, with chapters on state revenue, tax expenditure and concessions, contingent assets and liabilities and the public account. Overall, it feels like the Victorian Budget 21/22 has fallen a little short of the mark from a business and industry perspective. But the budget is optimistic that the state will bounce back, and is tipping a return to a surplus of about $650 million in 2025/26. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. In my view, the budget does not provide sufficient investment in the programs required by the Victorian government to generate the operating efficiencies targeted in this budget, or greater. While the PAES include an Agency Resource Statement to inform Parliament of the revised estimate of the total resources available to an agency, the focus of the PAES is on explaining the changes in resourcing since the Budget. The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education and health. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne, Victoria, 3002 Australia . Rising debt This includes commencement of remediation works, installation of essential utility services, and establishment of road access to the University of Melbournes future School of Engineering campus scheduled to open in 2024. Specialising in payroll tax law, we are ideally placed to assist businesses to optimise their situation, Peter Tobin, Tobin Partners Lawyers peter@tobin.net.au 0438 001 809, There has been a recent shift in focus by the State Revenue Offices throughout Australia targeting medical practices which engage doctors as contractors. These payroll taxes, overlaid with the cost of doing business in Victoria (think labour hire licence and other compliance costs), compounded by the lack of government investment in businesses, will impact the number of new businesses coming to the state and, I think, business investment. Here is a snapshot of some of the budget highlights for DJPR: This State Budget responds to the Royal Commission's recommendations. Treasurer of the State of Victoria Victorian Budget 2021/22 SERVICE DELIVERY Budget Paper No. Putting Patients First | Victorian Budget 21/22 | Victorian Budget Menu Putting Patients First This is a Budget that puts patients first. Download the Gender Equality Budget StatementExternal Link (PDF, 1.1 MB), Download the Gender Equality Budget StatementExternal Link (DOC, 75 KB). The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. This is part of the, The Victorian State Revenue Office has updated information in regard to payroll tax payments as a response to the current COVID-19 outbreak and lockdown. $1.41 million was provided to assist public land and waterway managers reduce the risk of coronavirus (COVID-19) transmission and other risks associated with increased visitation to public land and waterways throughout Victoria over summer 2020-21. The 2021-22 State Budget was announced on 20 May 2021. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. 4). It presents the Appropriation Bills to Parliament. Victorian treasurer Tim Pallas is congratulated by premier Daniel Andrews after delivering the 2022 budget. Please contact the National Relay Service on This includes the development of standards to encourage fair conduct and accountability by platform businesses and to improve transparency between these businesses and the workers they engage. $5.3M is provided for a project establishment team to start implementing the governments response to the inquiry into the Victorian On-Demand Workforce. A number of these measures have to be approved by the Victorian Parliament before they can start. $1.5 million to continue the delivery of safe powerlines to the Victorian community, including a business case development for future technology-led investment that reduces powerline-related bushfire risk. And Im not just referring to the new mental health and wellbeing levy that affects businesses with a payroll greater than $10M per annum: more on that later. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. There is also some much-needed leadership on climate action, which young people see as essential to their future. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. Not only does the Victorian Budget 21/22 have minimal spend for businesses outside construction and infrastructure, it also carries a Department of Premier and Cabinet directive to reduce spend on consultancies and contractors. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). Download the Gender Equality Budget Statement (PDF, 1.1 MB) Download the Gender Equality Budget Statement (DOC, 75 KB) Reviewed 02 May 2022 Open: 8.30am to 4.30pm, Monday to Friday, Address: 89 Sydney Rd, Benalla 3672 Media releases from the 2021-22 State Budget. $5.8 million tohelpthe North EastCatchment Management Authority and EastGippsland Catchment Management Authority deliver the Restoring Waterways and Catchments (bushfire recovery) project. Save. Further information can be accessed under State Budget papers. The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. Find out about DELWP's Victorian State Budget 2020-21 allocation. $37.92 million will allow for the delivery of community-centred Forest Management, empower Traditional Owners to manage Country and continue the important work currently underway. Budget Information Paper: Rural and Regional, Budget Information Paper: Gender Equality Budget Statement, Download the Rural and Regional Budget Information, Bringing the Commonwealth Games to our regions. The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary Budget Paper No. The purpose of the Portfolio Additional Estimates Statements (PAES) is to inform Senators and Members of Parliament and the public of the proposed allocation of resources to government outcomes by agencies within the relevant portfolio. This seems to be an important investment to support not just the governance of programs, but also governance over the allocation of portfolio investments. Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. The 2021-2022 Victorian Budget invests a total of $3.5 billion in education, including $716 million in school programs and support to educators. Phone: 03 9210 9222 $15M is provided to establish the Office of TAFE Coordination and Delivery as a separate business unit in the Department of Education and Training, to lead strategic projects and enhance collaboration across the TAFE network. Victoria's population growth is expected to grow slightly in 2021-22, rising further by 1.2 per cent in 2022-23, as Announced in the Budget is. This builds on the Protecting our environment for Victorians to enjoy while addressing climate change and contributing to the states economic recovery. The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Government's commitment to equality for all Victorians. Read more about the mental health budget highlights. The Budget allocates $1.08 billion for DELWP portfolios to help the department continue our work creating thriving communities and environments and contributing to Victoria's economic recovery. Victorian State Budget 2021-22 The Victorian Treasurer, Tim Pallas MLA, handed down the Victorian State Budget on Thursday 20 May 2021. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. 2. Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. Specialising in payroll tax law, we are ideally placed to assist businesses to optimise their situation, Peter Tobin, Tobin Partners Lawyers peter@tobin.net.au 0438 001 809, To view or add a comment, sign in The Department of Treasury and Finance acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. Those employers that did defer 2020/21 liabilities must still pay the first quarterly instalment by 7. This summary focuses on the particular announcements affecting the Property & Construction Sector. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. $3M has been funded for the design and business case for demolition and redevelopment of Central Pier at Docklands, and $11.2M to support the operations of Puffing Billy. Payroll tax. '$' marks the spot with this budget, plunging victoria into record levels of debt and tracking to spend $49 billion over the next four This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. 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