$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. A number of these measures have to be approved by the Victorian Parliament before they can start. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). $1.79 million to increase the early diagnosis and treatment of childhood asthma among inner west communities, to achieve better long-term health outcomes. Unique Homes. $21 million to boost the Victorian Planning Authoritys capacity to continue delivering the Streamlining for Growth initiative and complete precinct plans for some of the states fastest growing suburbs and regional cities. 3, Victorias Economic Bulletin, Volume 6, No. Assets expenditure is focussed on maintaining existing assets or creating new assets. Payroll tax. Treasurer Tim Pallas delivered the Victorian State Budget for 2021/22 on 20 May with relief in regard to payroll tax for some businesses but with an additional tax based on payrolls for others. If you are a provider of uniforms or workwear you are encouraged to visit Ethical supplier register | Buying for Victoria for further information. culture and traditional practices. '$' marks the spot with this budget, plunging victoria into record levels of debt and tracking to spend $49 billion over the next four www.relayservice.gov.au. Budget Paper No. 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. Finally, $180M over four years has been budgeted to commence development of the former General Motors Holden site at Fishermans Bend into a centre of innovation in advanced manufacturing, engineering and design. The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. $5.3M is provided for a project establishment team to start implementing the governments response to the inquiry into the Victorian On-Demand Workforce. They can move to annual reporting and payment rather than monthly, from 1 July 2021. $49.73 million for water sector initiatives that improve the health of key waterways and provide immediate benefits to regionaleconomies. 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. The PAES facilitate understanding of the proposed appropriations in Appropriation Bills (No. east Strata parking rules If you own a car, check whether your lot includes a parking space and how you are allowed to use that space. The Budget Overview summarises the State's economic and fiscal outlook, and the Government's strategic priorities and objectives. Find out about DELWP's Victorian State Budget 2020-21 allocation. $21.2 million to establish the Office of Bushfire Risk Management within the Department of Environment, Land, Water and Planning (DELWP), to lead and coordinate the implementation of evidence-based fuel management policy, practice, assurance and reporting across all land tenures. A shift which may have implications for medical practices in regard to payroll tax obligations. 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. Funding of $15.6 million will increase mechanical fuel treatments like slashing and mowing particularly in high risk and long untreated areas to ensure fuel management can be delivered even when it is not safe to burn (e.g. The 2021-22 State Budget includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. Those employers that did defer 2020/21 liabilities must still pay the first quarterly instalment by 7. We are committed to genuinely partner, and meaningfully In his budget address, Treasurer Tim Pallas did admit the big increase of public sector workers during 2021-22 was unsustainable, and attributed the rise to employing more public sector workers during the pandemic. $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. 3. communities to support the protection of Country, the Open: 9am to 4.30pm, Monday to Friday, Address: 71 Hotham Street, Traralgon 3844 3, Victorias Economic Bulletin, Volume 6, No. $10 million to support the delivery of the Climate Change Strategy and seizethe economicopportunities of the transition to netzero emissions. Victoria State Budget 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth. Phone: 03 8624 5704 The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education, health, emergency services and infrastructure investment. 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. The Victorian State Budget for 2021/22 was released by Victorian Treasurer Tim Pallas on Thursday 20 May 2021. Download the Gender Equality Budget StatementExternal Link (PDF, 1.1 MB), Download the Gender Equality Budget StatementExternal Link (DOC, 75 KB). 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. Download the Gender Equality Budget Statement (PDF, 1.1 MB) Download the Gender Equality Budget Statement (DOC, 75 KB) Reviewed 02 May 2022 Agencies receive resources from the annual appropriations acts, special appropriations (including standing appropriations and special accounts), and revenue from other sources. The government states that this new levy is targeted towards those large organisations that can absorb it. TheVSA will be an anchor organisation, bringing together industry, providers and other stakeholders to produce insights on priority training areas, and inform an annual Victorian Skills Plan to better guide training delivery where its needed most. Download Budget Paper 4: State Capital ProgramExternal Link (PDF, 2.2 MB), Download Budget Paper 4: State Capital ProgramExternal Link (DOC, 1.9 MB). 133 677 From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. The true figure for 2021-22 has not yet come into focus, but the Treasury department estimates that the deficit will be about $17.6 billion. 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 provides projections of government revenue and expenditure for the following year, and outlines services to be delivered. The Royal Commission into Victorias Mental Health System outlined a 10-year plan to transform the states mental health and wellbeing system. Visit the Victorian Budget website for more information. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. Phone: 03 5172 2111 The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. Open: 8.30am to 4.30pm, Monday to Friday, DELWP creates thriving environments and communities. $133.5 million has been allocated to upgrade digital radios for Forest and Fire Management Victoria staff and Country Fire Authority volunteers. 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 The measures are listed here, along with their expected start date. The Gateway Review Process will also be improved to better identify risks and manage potential cost pressures. 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. 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. Budget Paper No. Featured videos. 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