2) 20212022, Appropriation (Parliamentary Departments) Bill (No. Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. The 2021-22 State Budget includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. Load More . 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 Featured videos. The Victorian Budget 2021-22 includes announcements related to the State Revenue Office. It is, Treasurer Cameron Dick has announced Qlds State Budget for 2022/23 which includes payroll tax relief for an estimated 12,000 SMEs. As required under section 12 of the Charter of Budget Honesty Act 1998, non-general government sector entities are not consolidated into the Commonwealth general government sector fiscal estimates and accordingly, these entities are not reported in the PBS. Funding is also provided to the Essential Services Commission (ESC) to support trials of innovative energy products and services, such as microgrids and virtual power plants, which are not currently permitted under energy rules. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. We stood by the Victorian community with support of more than $44 billion to respond to the pandemic and keep workers in jobs and businesses afloat. east Parking safety Know how to keep your passengers and vehicle safe when parking. The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education, health, emergency services and infrastructure investment. 4: State Capital Program, describes the Victorian Government's asset investment program. In addition, heavy vehicles that are entering a local traffic area must obtain an access permit. as the original custodians of Victorias land and waters, This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. 2, Victorias Economic Bulletin, Volume 6, No. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. Phone: 03 9210 9222 The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. $2.75 million towards the $5.5 million redevelopment of the Port Phillip EcoCentre. The earliest departure is at 05:47 in the morning, and the last departure from Victoria Point is at 07:17 which arrives into Loganlea (Station) at 09:21. The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. . If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. The Budget allocates $1.08 billion for DELWP portfolios to help the department continue our work creating thriving communities and environments and contributing to Victorias economic recovery. $14.08 million for the EPA to clean up high risk waste sites. Freedom of Information Part II Information Statement, Statement 3: Freedom of information arrangements, Statement 5: Rules, policies and procedures, 2022 Victorian Economic and Fiscal Update, A flow decomposition of the unemployment rate in Victoria, Evaluating the effect of cutting the regional payroll tax rate, The economic impacts of the 2019-20 bushfires on Victoria, Victorias Economic Bulletin, Volume 6, No. Freedom of Information Part II Information Statement, Statement 3: Freedom of information arrangements, Statement 5: Rules, policies and procedures, 2022 Victorian Economic and Fiscal Update, A flow decomposition of the unemployment rate in Victoria, Evaluating the effect of cutting the regional payroll tax rate, The economic impacts of the 2019-20 bushfires on Victoria, Victorias Economic Bulletin, Volume 6, No. Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. $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. It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. $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. 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. This would generate savings that could be used to fund some of the programs in the budget, without increasing taxes to businesses. $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. $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. Of note, $16.2M is provided to strengthen the Department of Treasury and Finances monitoring of the states infrastructure pipeline and undertake capital project assurance reviews. 1) 20212022, Appropriation (Coronavirus Response) Bill (No. 5: Statement of Finances provides the financial details of the aggregated Victorian general government sector and the broader public sector. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. We are committed to genuinely partner, and meaningfully Budget highlights Pandemic Repair Plan Creating decent, secure jobs Building a world-class education system 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. $24.5 million for boosting waterway health to support the long-term wellbeing and prosperity of Victorian communities who depend on healthy waterways and catchments. The VSA will provide a new focus for state-wide and local problem-solving to support skills supply, strengthen the quality of teaching and training, and drive collaborative innovation across the vocational educational and training sector. The Office of the Local Jobs First Commissioner and Industry Capability Network Victoria will be resourced to oversee and enforce compliance with the Local Jobs First Act 2003 and the Local Jobs First Policy. 2), Financial Report (incorporating Quarterly Financial Report No. The policy will be adjusted, with a reduction in the guaranteed annual base increase from 2 to 1.5%. The ESC will also report on the outcomes of these trials and make recommendations to the government on ways to further reduce red tape for the energy sector. Taxation revenue is forecast to increase by 13.2% in 2021-22, partly due to economic conditions recovering from the COVID-19 pandemic slump and the introduction of new taxes. Explore our solutions Win more government business and contracts. Whereas the Mid-Year Economic and Fiscal Outlook is a mid-year budget report which provides updated information to allow the assessment of the Government's fiscal performance against its fiscal strategy, the PAES update the most recent budget appropriations for agencies within the relevant portfolio. Helping regional communities recover from the coronavirus (COVID-19) pandemic and the 2019-20 bushfires by investing in the health of iconic waterways that underpin regional tourism and jobs. The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. Output initiatives are those that involve operational expenditure and can include consultancies and contracts, as well internal costs. $1.1 billion now forecast in 2022-23. For business, Eye on Government, Mia View, Please select the file you would like to download, Seasons greetings Mias Top 5 posts for 2022, Mia ebook_10 tips for Winning Government Business_V1pdf, Mia ebook_10 tips enhancing tendering_v1pdf, Ethical supplier register | Buying for Victoria, $7.2M over four years is provided to continue the three streams of the, Close to $93.2M has been allocated to continue the delivery of key forensic services at the, $69.7M plus $24.4M in asset funding is provided to the, $133.4M to transition the Department of Environment, Land, Water and Plannings emergency management user base from an analogue radio communication system to an encrypted. This will support implementation of the Fair Jobs Code, which was flagged as a Labor election commitment in 2018, including undertaking education and compliance activities. To come into effect on 1 January 2022, this levy will apply to the Victorian wages which are paid by businesses with an Australian wages bill in excess of $10m. 2, Victorias Economic Bulletin, Volume 6, No. The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills. 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. 2), Financial Report (incorporating Quarterly Financial Report No. Agencies receive resources from the annual appropriations acts, special appropriations (including standing appropriations and special accounts), and revenue from other sources. Here's what's in it for you. Phone: 03 5172 2111 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. This mode of direct government spending typically stimulates economic activity in a more sustainable manner over funding programs. The initiatives summarised below focus only on the headline opportunities for businesses to seek to work and engage with the Victorian government. Download Budget Paper 2: Strategy and OutlookExternal Link (PDF, 1.6 MB), Download Budget Paper 2: Strategy and OutlookExternal Link (DOC, 946 KB). The measures are listed here, along with their expected start date. Phone: 03 5336 6856 $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. Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. or However, the eye-watering number is not as high as originally forecast last year, with a $23.3 billion deficit initially predicted in November. In 2021-22, Victoria will operate at a deficit of $11.6bn, but Mr Pallas forecast that to reduce to about $2bn in four years. $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. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). This summary focuses on the particular announcements affecting the Property & Construction Sector. The Mid-Year Economic and Fiscal Outlook (MYEFO) updates the economic and fiscal outlook from the previous budget. communities to support the protection of Country, the The measures are listed here, along with their expected start date. $31.68 million for Parks Victoria to continue the Park Rangers program, retain 57 park rangers and support staff roles and help meet unprecedented visitor demand, enabling dedicated rangers to undertake critical fire management roles and deliver important planning for Wattle Park in Burwood. However, a threshold of $10M means the levy will impact an estimated 9000 businesses, many of which could best be described as only medium-sized. This builds on the A key role of the PBS is to facilitate the understanding of proposed annual appropriations in Appropriation Bills No. Photograph: Joel Carrett/AAP Tue 3 May 2022 13.30 EDT Last modified on Wed 4 May 2022. After a delayed 2020-21 budget on account of COVID-19, this budget was back in its traditional May timeslot. This State Budget responds to the Royal Commission's recommendations. Download the Gender Equality Budget StatementExternal Link (PDF, 1.1 MB), Download the Gender Equality Budget StatementExternal Link (DOC, 75 KB). 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. The budget aims to chart a road to post-COVID economic recovery, including by raising state revenue. In this sense the PBS are Budget related papers and are declared by the Appropriation Bills to be 'relevant documents' to the interpretation of the Acts according to section 15AB of the Acts Interpretation Act 1901. This measure is expected to apply from Friday 21 May 2021. It's our Pandemic Repair Plan for more staff, better hospitals and first-class care. the long-awaited victorian state budget for 2020-21 has been uncovered from government headquarters like lockdown's treasure map to (economic) riches, meeting responses ranging from nodding to head-scratching. The budget papers on Tuesday will. To come into effect on 1 January 2022, this levy will apply to the Victorian wages which are paid by businesses with an Australian wages bill in excess of $10m. Building on past funding programs, the government quite rightly continues to invest in maintaining emergency service infrastructure, including: Construction continues unabated across police, schools, hospitals and TAFEs: $265M has been budgeted to upgrade and maintain several metropolitan and regional roads, including making the Calder Freeway safer. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. Ever since the pandemic reached our shores, weve acted quickly to protect our people and our economy. Open: 9am to 4.30pm, Monday to Friday, Address: 71 Hotham Street, Traralgon 3844 Protecting our environment for Victorians to enjoy while addressing climate change and contributing to the states economic recovery. 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. Funding is also provided to sustain the tram Automatic Vehicle Monitoring system, which manages and monitors tram services. The budget papers forecast this revised wages policy will deliver $1.88B in savings over the forward estimates (over four years). Ironically, though, for a budget looking to boost economic activity, this is not a budget that is sympathetic to businesses unless of course you operate in the construction and infrastructure sector. 20/05/21. 2. Case Study: Payroll Tax Degrouping Applications, Case Studies: Payroll Tax Employment Agency Provisions, Case Studies: Payroll Tax Contractor payments, Payroll tax and medical practices: payments to doctors and contractors, QLD State Budget 22/23 Offers Payroll Tax Relief, NSW: Payroll Tax Reduction Bill Introduced, Victoria Payroll Tax Update: September 2021. 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. The programs in the coming Financial year of Victoria Victorian Budget 2021-22 includes announcements related to the State Victoria. Those that involve operational expenditure and can include consultancies and contracts here & # x27 ; in! 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