1, Victorias Economic Bulletin, Volume 6, No. > Victorian State Budget 2021-22: Significant Tax Changes & Their Impact On Private Business On 20 May 2021, State Treasurer Tim Pallas handed down the 2021/22 Victorian state budget. 2021-22 State Budget The 2021-22 State Budget was delivered on Thursday 20 May 2021. www.relayservice.gov.au. $986 million of this investment will be funding the design, construction and maintenance of 25 brand new X'Trapolis 2.0 trains and an upgrade to the Craigieburn Train Maintenance Facility. $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. 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. $2.75 million towards the $5.5 million redevelopment of the Port Phillip EcoCentre. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%.
$1.79 million to increase the early diagnosis and treatment of childhood asthma among inner west communities, to achieve better long-term health outcomes. Victoria State Budget 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth. 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.
It's our Pandemic Repair Plan for more staff, better hospitals and first-class care. engage, with Victorias Traditional Owners and Aboriginal
Continuing our leadership in transforming the way that we generate, consume, and even think about energy. Download the Rural and Regional Budget Information PaperExternal Link (PDF, 1.4 MB), Download the Rural and Regional Budget Information PaperExternal Link (DOC, 85 KB). $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. There is a similarly . $40.6M, over four years, has been allocated to maximising local jobs and local content. The Victorian Budget 2020-21 includes a number of announcements related to legislation administered by the State Revenue Office..
$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. While the full details have yet to be released, we can provide the following summary of the relevant state tax measures which have been announced. The purpose of the Portfolio Budget Statements (PBS) is to inform Senators and Members of Parliament of the proposed allocation of resources to government outcomes by agencies within the relevant portfolio. 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. As with the previous Victorian Budget, the key feature of the 2021-22 Budget is on recovery from the economic impact of COVID-19. 4), A starter guide to financial management in government, Financial reporting directions and guidance, Annual leave and long service leave arrangements, Standing Directions 2018 Under The Financial Management Act 1994, Planning, Budgeting and Financial Reporting Frameworks, Corporate planning and performance reporting requirements, Financial management annual compliance reports, Victorian risk management framework and insurance management policy, Machinery of government changes - VPS operating manual, Barwon Water Biosolids Management Project, Biosciences Research Centre Project (AgriBio), Fulham Correctional Centre Contract Extension Project, Ground Lease Model project (Public Housing Renewal Program - Package 1), Melbourne Exhibition Centre Expansion Project, Port Phillip Prison Contract Extension Project, Royal Melbourne Showgrounds Redevelopment, Partnerships Victoria - 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Budget Paper No. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. More than $400M of funding has been provided to deliver enabling infrastructure to support the deployment of NextGeneration Trams, including construction of a new tram maintenance facility in Melbournes north-west, upgrades to Southbank Depot and land acquisition for new power substations. The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills. Local news, sports, business, politics, entertainment, travel, restaurants and opinion for Seattle and the Pacific Northwest. Bringing the Commonwealth Games to our regions. $51.94 million for unique biodiversity protection through community driven action, $8.8 million for the Port Phillip Bay Fund, $5.79 million for a wildlife protection and support package, $4 million in funding for Trust for Nature. 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