Download Budget Paper 2: Strategy and OutlookExternal Link (PDF, 1.6 MB), Download Budget Paper 2: Strategy and OutlookExternal Link (DOC, 946 KB). The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. 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. Address: 30-38 Little Malop St, Geelong 3220, Address: 71 Hotham Street, Traralgon 3844, Open: 9am - 12pm and 1pm - 3pm Monday to Thursday, Closed: Friday, Message from the Secretary and staff networks, Listening and acting on community and stakeholder feedback, Victorian Science and Planning Graduate Program, Australian Standard for Fraud Corruption Control, North EastCatchment Management Authority, EastGippsland Catchment Management Authority. 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. $341 million in programs that will protect our climate future, enhance and care for our forests, parks and wildlife while supporting Victorians to continue to enjoy the outdoors. 3, Victorias Economic Bulletin, Volume 6, No. It contains the Treasurer's message, information about the Government's investments and plain-English summaries of Budget decisions. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. Photos 40.Loganlea (Station) 1h 34m $10 - $13 See schedules Victoria Point to Loganlea (Station) bus times Buses run twice daily between Victoria Point and Loganlea (Station). 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. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. 2021-22 Victorian State Budget 25 May 2021 In brief The 2021-22 Victorian State Budget was delivered on 20 May 2021 by Treasurer Tim Pallas. 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. $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 Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Government's commitment to equality for all Victorians. This seems to be an important investment to support not just the governance of programs, but also governance over the allocation of portfolio investments. The Victorian Budget 2022/23 invests $1.8 billion to build new schools and improve existing schools to ensure our kids have the bright futures they deserve. 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. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. 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. Yes, mental health and wellbeing are critical, as highlighted by the findings from the Royal Commission, and these mental health initiatives are welcome. We are committed to genuinely partner, and meaningfully Funding will also continue coordination of practical placements for TAFE students, including students in the allied health, individual support and community services, early childhood and education, and training sectors. 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 3: Federal Financial Relations, Appendix B: Total payments to the states by function*, Appendix E: Appropriations and conditions*, Building a more secure and resilient Australia, Mid-Year Economic and Fiscal Outlook 202122, Part 1: Australian Government Budget Outcome 202122, Part 2: Australian Government Financial Statements, Part 3: Australias Federal Financial Relations, Part 3: Australias Federal Financial Relations - Attachment A, Appendix A: Expenses by Function and Sub-function, Appendix B: Historical Australian Government Data, Agriculture, Water and the Environment Portfolio, Education, Skills and Employment Portfolio, Industry, Science, Energy and Resources Portfolio, Infrastructure, Transport, Regional Development and Communications Portfolio, Department of the House of Representatives. While this is expected to represent less tax payable by around 42,000 businesses, it is still well below the threshold of other states and territories which are in the $1m-$2m range. . 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. Budget highlights Pandemic Repair Plan Creating decent, secure jobs Building a world-class education system Download the Gender Equality Budget StatementExternal Link (PDF, 1.1 MB), Download the Gender Equality Budget StatementExternal Link (DOC, 75 KB). This measure is expected to apply from Friday 21 May 2021. $14.08 million for the EPA to clean up high risk waste sites. Rising debt 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. You must have JavaScript enabled to use this form. Savings could have been made by a stronger focus on efficiency gains, delivered in partnership with business, rather than raising taxes. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary Which brings me to the new mental health and wellbeing levy, an additional payroll tax that kicks in at an annual payroll of $10M. 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. 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. $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. You must have JavaScript enabled to use this form. 22 hours ago . Here is a snapshot of some of the budget highlights for DJPR: Not to mention the numerous authorities that have sprung up across government in recent times, each with their own corporate functions, infrastructure costs, etc. 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. 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. Published Jun 9, 2021 + Follow 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. . An interesting note is that no funding was allocated in this budget to further the digital twin pilot budgeted last year under DELWP. The Victorian Government released its 2021-22 budget on 20 May 2021. 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. The 2021-22State Budget was delivered on Thursday 20 May 2021. The deficit is projected to shrink to $7.9 billion in 2022-23, $3.3 billion then $1.1 billion before building to an operating surplus of $650 million by midway through 2026. The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. 1:01pm May 20, 2021 Victoria has recorded a monster deficit of $17.4 billion in the 2020-21 financial year and is forecast to remain in a shortfall until at least 2025, according to the State Budget. We acknowledge and respect Victorian Traditional Owners It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. Load More . culture and traditional practices. 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Please do not think I am advocating for massive public sector cuts, or cuts to our frontline workers such as teachers and nurses, emergency service workers, etc. $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. Local news, sports, business, politics, entertainment, travel, restaurants and opinion for Seattle and the Pacific Northwest. 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. Photograph: Joel Carrett/AAP Tue 3 May 2022 13.30 EDT Last modified on Wed 4 May 2022. Find further information about our office locations, Address: 8 Nicholson St, Melbourne 3000 The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education and health. $5 million to plant trees in Melbournes west to reduce the risk of heat stress, create access to green spaces and improve overall air quality. The budget provides projections of government revenue and expenditure for the following year, and outlines services to be delivered. Download the Budget OverviewExternal Link (PDF, 2.4 MB), Download the Budget OverviewExternal Link (DOC, 115 KB). 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. 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