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. $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. Budget Paper No. Open: 9am - 12pm and 1pm - 3pm Monday to Thursday, Closed: Friday, Address: 609 Burwood Hwy, Knoxfield 3180 The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education and health. Coming into effect from 1 January 2023, payroll tax deductions will be available for businesses with annual taxable Australian wages, On 20 October 2021, NSW Treasurer Matt Kean introduced a Bill to the NSW Parliament to amend the Payroll Tax Act 2007 to allow a 50% waiver of payroll tax for 2021/22 for eligible employers. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. $1.1 billion now forecast in 2022-23. 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. $133.5 million has been allocated to upgrade digital radios for Forest and Fire Management Victoria staff and Country Fire Authority volunteers. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. The Rural and Regional Budget Information Paper summarises the Governments priorities for rural and regional Victoria, including projects in jobs, education, health, emergency services and infrastructure investment. They can move to annual reporting and payment rather than monthly, from 1 July 2021. Phone: 03 5761 1611 Unique Homes. 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. The 2021-22 State Budget was announced on 20 May 2021. It paves the way for major reform and builds on work already underway. The policy will be adjusted, with a reduction in the guaranteed annual base increase from 2 to 1.5%. 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. The 2021-22 State Budget includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. Treasurer of the State of Victoria Victorian Budget 2021/22 SERVICE DELIVERY Budget Paper No. There is a similarly . It provides an economic and fiscal overview, and describes the Budget position and outlook for the general government sector as well as the broader public sector. $62.9 million to maintain essential energy functions while ensuring that retailers respect the rights of vulnerable customers through the Energy Fairness Plan. Featured videos. This is a Budget that puts patients first. Deaf, hearing or speech impaired? Department of Treasury and Finance estimates put economic growth (gross state product) at 5.5 per cent in 2021-22, and growth of 3.25 per cent in 2022-23. 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. 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. This measure is expected to apply from Friday 21 May 2021. From 1 January 2022, land tax rates for larger property holdings will increase by: 0.25 percentage points for taxable landholdings exceeding $1.8m; and 0.3 percentage points for taxable landholdings exceeding $3m. $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. 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: The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). 2) 20212022, Appropriation (Parliamentary Departments) Bill (No. Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. 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 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. Open: 9am to 5pm, Monday to Friday, Address: 402 Mair St, Ballarat 3350 Victorian Budget 2021/22 includes vital funds to support people and pets impacted by family violence Pets will no longer be silent victims of family violence, with the Victorian Government's announcement today that $1.3 million in funding is included in the Victorian Budget 2021/22 to support victim survivors and their pets. It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. The Department of Premier and Cabinet, via Digital Victoria and Service Victoria, has the largest technology programs, including: The Office of Parliament is also spending close to $9M to 1) implement cybersecurity systems testing, training and awareness programs, 2) improve incident response mechanisms, 3) embed 24-hour cyber event logging and 4) upgrade existing information and communication technology security systems. 4). 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. Here's what's in it for you. Download the Gender Equality Budget Statement (PDF, 1.1 MB) Download the Gender Equality Budget Statement (DOC, 75 KB) Reviewed 02 May 2022 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. Download Budget Paper 5: Statement of FinancesExternal Link (PDF, 2.8 MB), Download Budget Paper 5: Statement of FinancesExternal Link (DOC, 1.4 MB). 21 hours ago . The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. Victorian treasurer Tim Pallas is congratulated by premier Daniel Andrews after delivering the 2022 budget. Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. The budget papers forecast this revised wages policy will deliver $1.88B in savings over the forward estimates (over four years). 2, Victorias Economic Bulletin, Volume 6, No. 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. engage, with Victorias Traditional Owners and Aboriginal This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. 3, Victorias Economic Bulletin, Volume 6, No. . The budget aims to chart a road to post-COVID economic recovery, including by raising state revenue. $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. 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. $22.6 million together with $6.3 million in ongoing funding will provide direct resources to formally recognised Traditional Owner groups to reinvigorate Cultural Fire on Country. $4.7M is provided to construct and operate a, $500M over four years to expand and improve, $72.4M for Bendigo Kangan Institutes Broadmeadows. The full budget papers are available at https://www.dtf.vic.gov.au/state-budget/2021-22-state-budget. The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills. To revive Victoria's economy, businesses and households need immediate cash-flow support and relief from financial distress. 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. $5.8 million tohelpthe North EastCatchment Management Authority and EastGippsland Catchment Management Authority deliver the Restoring Waterways and Catchments (bushfire recovery) project. Funding of $206 million is set aside to strengthen the mental health workforce, with more mental health nurses, doctors, allied health professionals and support staff. The 2021-22 Victorian State Budget Published: 20 May 2021 The 2021-22 Victorian State Budget has been tabled in parliament by the Treasurer, Tim Pallas MP. 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 The Royal Commission into Victoria's Mental Health System outlined a 10-year plan to transform the state's mental health and wellbeing system. 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 budget announced $180M in digital service delivery. 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. 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. 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. They can move to annual reporting and payment rather than monthly, from 1 July 2021. 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. Thus the increased wages bill should not be attributed solely to COVID support measures. These benefits then flow down the business food chain. 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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. $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. Download Budget Paper 3: Service DeliveryExternal Link (PDF, 3.2 MB), Download Budget Paper 3: Service DeliveryExternal Link (DOC, 1.1 MB). 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. $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. It includes a breakdown of all output funding with associated performance targets. 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. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. 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. It contains the Treasurer's message, information about the Government's investments and plain-English summaries of Budget decisions. Phone: 03 8624 5704 $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. $14.08 million for the EPA to clean up high risk waste sites. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. A shift which may have implications for medical practices in regard to payroll tax obligations. IF YOU'RE PARENTS OF YOUNG CHILDREN This year's budget will see the introduction of kinder for every three-year-old child, to rollout in regional Victoria first. 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. The Victorian Budget 2020-21 includes a number of announcements related to legislation administered by the State Revenue Office.. Overall, it feels like the Victorian Budget 21/22 has fallen a little short of the mark from a business and industry perspective. $4 million to replace the wastewater plant and sewerage network at Mt Baw Baw Alpine Resort. 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. If you are a provider of uniforms or workwear you are encouraged to visit Ethical supplier register | Buying for Victoria for further information. 1) 20212022, Appropriation (Coronavirus Response) Bill (No. 2. Clause 14 of the Charter of Budget Honesty requires the release of a MYEFO each year by the end of January, or six months after the last budget, whichever is later. as the original custodians of Victorias land and waters, $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. Not to mention the numerous authorities that have sprung up across government in recent times, each with their own corporate functions, infrastructure costs, etc. . Budget Paper 4 describes the Victorian Government's asset investment program. The debt is set to be a burden for future . 2021-22 Budget Update Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. $2.75 million towards the $5.5 million redevelopment of the Port Phillip EcoCentre. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. This investment will mitigate the risk of major tram service disruptions and ensure the system can continue to operate while a replacement system is developed. 3: Service Delivery provides an overview of the goods and services funded by the Government. This would generate savings that could be used to fund some of the programs in the budget, without increasing taxes to businesses. 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. $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. The Gateway Review Process will also be improved to better identify risks and manage potential cost pressures. $527.2 million to build 13 new schools that will open in 2024, as well as additional stages at four schools. The measures are listed here, along with their expected start date. The 2021-22 Victorian Budget included various significant transfer (stamp) duty changes, comprising duty concessions for purchases of properties within the City of Melbourne local government area, a widening of the off-the-plan duty concession for home buyers, as well as the pre-announced increase in the rate of duty for purchases of properties worth over $2 million. Output initiatives are those that involve operational expenditure and can include consultancies and contracts, as well internal costs. Budget Paper 3 provides an overview of the goods and services funded by the Government and delivered by departments, and how these support the Government's strategic objectives. Victoria State Budget 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth. Budget Paper 5 provides the financial details of the aggregated Victorian general government sector and the broader Victorian public sector. By way of comparison, this week's federal budget has outlined a spending program that will see 90 per cent of additional expenditure in the first two years of the forward estimates. The funding includes: $218 million for a School Mental Health Fund allowing schools to select and implement mental health and wellbeing programs and connect to specialists services. 3 and No. Such an approach would in turn lead to more sustainable job gains. This includes $40.7 million to expand Victorias lived experience workforce. The Final Budget Outcome for 202122 financial year was released on 28 September 2022. east Parking safety Know how to keep your passengers and vehicle safe when parking. $110.4 million to build on the record $1.6 billion Clean Energy Package in the 2020-21 Budget while enhancing our energy security and lowering powerline-related bushfire risk. The Budget delivers $1.5 billion in community-based care, so Victorians can access services closer to home. 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. You must have JavaScript enabled to use this form. 6:19 am 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. or Download the Budget OverviewExternal Link (PDF, 2.4 MB), Download the Budget OverviewExternal Link (DOC, 115 KB). 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. Indeed, despite a longer period of public health restrictions in Victoria during 2020 - 3. 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. 133 677 The budget provides projections of government revenue and expenditure for the following year, and outlines services to be delivered. 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. * Figures in Appendix B: Historical Australian Government Data (Table B.2, B.9 and B.10) have been corrected and differ from those published in the printed version, 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. 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. The Charter of Budget Honesty Act 1998 requires that a Final Budget Outcome be released no later than three months after the end of the relevant financial year. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. 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. 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. 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 initiatives summarised below focus only on the headline opportunities for businesses to seek to work and engage with the Victorian government. It's our Pandemic Repair Plan for more staff, better hospitals and first-class care. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). Budget highlights Pandemic Repair Plan Creating decent, secure jobs Building a world-class education system $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. $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 key role of the PBS is to facilitate the understanding of proposed annual appropriations in Appropriation Bills No. . The VSA will develop platforms to make information available to support decisions by industry, providers and students. 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. Phone: 03 5430 4444 This seems to be an important investment to support not just the governance of programs, but also governance over the allocation of portfolio investments. Visit budget.vic.gov.au. $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. connection to it. The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Government's commitment to equality for all Victorians. 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. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. This reduced spend is part of the Victorian governments strategy to achieve base review savings of $1.7B over four years. $28.18 million to create liveable communities, boost jobs and support a neighborhood-focused economic recovery. 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. Share. Further information can be accessed under State Budget papers. Open: Not open to the public, Address: 30-38 Little Malop St, Geelong 3220 There is also some much-needed leadership on climate action, which young people see as essential to their future. Budget Paper No. The Victorian Budget 2021-22 includes announcements related to the State Revenue Office. bringing forward to 1 July 2021 the previously announced increase to the tax-free payroll tax threshold from $650,000 to $700,000; reducing the payroll tax rate for regional employers from 2.02% to 1.2125% from 1 July 2021; removing the indexation freeze on fee and penalty units, resulting in a 10% increase in fines and penalties from 1 July 2021; Tips 2. 22 hours ago . 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. However, the eye-watering number is not as high as originally forecast last year, with a $23.3 billion deficit initially predicted in November. 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 Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. The following Australian Government Agencies' held their Portfolio Budget Statements on their websites at the time of release. The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne, Victoria, 3002 Australia . However, it contrasts with the 9.6% jump of the Victorian public sector wages bill in the 2021/22 financial year, an increase of $2.14B from July 2021. As such, the PAES provides information on new measures and their impact on the financial and non-financial planned performance of agencies. 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. Like it or not, government and industry operate in an ecosystem; they rely on each other for contracts, products and services. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. Output initiatives are those that involve operational expenditure and can include consultancies and contracts, as well internal costs. However, there are very real and obvious savings that could be generated through consolidating and transforming public sector operations. Investing in bushfire preparedness to ensure were adapting to a rapidly changing climate. 1: Treasurers Speech commends the Appropriation Bills to Parliament and outlines the budget to Parliament and Victorians. Open: 9am to 4.30pm, Monday to Friday, Address: 71 Hotham Street, Traralgon 3844 Download Budget Paper 2: Strategy and OutlookExternal Link (PDF, 1.6 MB), Download Budget Paper 2: Strategy and OutlookExternal Link (DOC, 946 KB). The Victorian Government acknowledges Aboriginal and Torres Strait Islander people as the Traditional Custodians of the land and acknowledges and pays respect to their Elders, past and present. But I wonder whether they could have been funded equally well through other efficiency measures. 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. The performance of the tram network will also be enhanced through the installation of nonmountable tram kerbs in six Melbourne CBD locations; this will better separate trams and road traffic to prevent collisions, improve safety and reduce travel disruptions. Media releases from the 2021-22 State Budget. $49.73 million for water sector initiatives that improve the health of key waterways and provide immediate benefits to regionaleconomies. Rising debt From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. since the 2020-21 Budget and $7.1 billion TEI in new capital investment. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. The PAES facilitate understanding of the proposed appropriations in Appropriation Bills (No. Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. Open: 8.30am to 4.30pm, Monday to Friday, Address: 89 Sydney Rd, Benalla 3672 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. east Contact Transport for NSW . We are committed to genuinely partner, and meaningfully 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. 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). This builds on the Funding is also provided to sustain the tram Automatic Vehicle Monitoring system, which manages and monitors tram services. Budget priorities include funding more mental health beds and services for families, young people, carers and supporters. Visit the Victorian Budget website for more information. Assets expenditure is focussed on maintaining existing assets or creating new assets. 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. 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. 2. The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education, health, emergency services and infrastructure investment. The budget papers on Tuesday will. The 2021-2022 Victorian Budget invests a total of $3.5 billion in education, including $716 million in school programs and support to educators. 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. 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. $8.53 million to address the impacts of mining on groundwater in and around central Bendigo - with $3.53 million to develop and design a long-term solution and $5 million to extend current groundwater management arrangements. A payroll tax credit for businesses with payrolls less than $10 million whose Victorian taxable wages increase in 2020-21 and 2021-22 applies to the 2020-21 and 2021-22 payroll tax . However, this budget also sees the government creating more authorities: the Victorian Academy of Teaching and Leadership, the Victorian Skills Authority and an authority to support gig-economy workers ($148.2M, $85.9M and $5.3M respectively). The Victorian Government's net debt is projected to rise to $154.8 billion by the year 2023-24, with net debt in 2020-21 a colossal $86.7 billion. Payroll tax. We honour Elders past and present whose 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 - Excellence in public private partnerships, Investment lifecycle and high value high risk guidelines, Gateway key decision points, guidance and templates, Book an investment management standard facilitator, Applications of the investment management standard, Licence to use the investment management standard materials, Investment management facilitator training and accreditation, Legislation, policy and public construction, Ministerial Directions and Instructions for public construction procurement, Purpose of these Directions (Direction 1.1), Application of these Directions and the Instructions (Direction 1.3), Complying with International Agreements (Direction 2.1 and Instruction 2.1), Complying with International Agreements (Attachments 1 and 2 to Instruction 2.1), Tender preparation and planning (Direction 3.1 and Instruction 3.1), Competition and contestability (Direction and Instruction 3.2), Promoting efficiency in the tender process (Direction and Instruction 3.3), Tender Notices (Direction and Instruction 3.4), Tender Documentation (Direction and Instruction 3.6), Evaluation criteria (Direction and Instruction 3.7), Mandatory evaluation criteria for occupational health and safety management (Attachment 1 to Instruction 3.7), Mandatory evaluation criteria for industrial relations management (Attachment 2 Instruction 3.7), Probity requirements (Direction and Instruction 4.1), Managing probity in Public Construction Procurement (Direction and Instruction 4.2), Forward notices (Direction and Instruction 5.1), Publishing details of procurement undertaken (Direction and Instruction 5.2), Disclosure of contracts and variations to contracts (Attachment 1 to Instruction 5.2), Use of Registers and Supplier Panels (Direction and Instruction 6.1), Contracting requirements (Direction and Instruction 7.1), Contractual terms and conditions (Direction and Instruction 7.2), Compliance with policy requirements (Attachment 2 to Instruction 7.2), Debrief for tender participants (Direction and Instruction 8.1), Supplier performance and shared reporting regime (Direction and Instruction 8.2), Public Construction Procurement Committee (Direction 8.4), Standards for public construction (Direction and Instruction 9.1), Responsibilities of the Accountable Officer (Direction 10.1), Definitions for public construction procurement, Public Construction Procurement Committee, Practitioners Toolkit - 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Clause bank, Practitioners Toolkit - Tools and templates, Practitioners Toolkit - Fact sheets for public construction procurement, For suppliers - Engaging with government on construction projects, Asset management accountability framework, Bid cost reimbursement for major construction projects, Access the Construction Supplier Register, Access public list Construction Supplier Register, Login access to the Construction Supplier Register for departments, Applying for pre-qualification Construction Supplier Register, Applying for pre-qualification Construction Supplier Register - category Low value works projects, Construction Supplier Register categories for suppliers of construction services, Construction Supplier Register categories for suppliers of works, Conditions of pre-qualification to Construction Supplier Register, Eligibility criteria for Construction Supplier Register, Eligibility criteria for Construction Supplier Register sub-category Cladding rectification, Eligibility criteria for Construction Supplier Register category Low value works projects, Complaint management procedure Construction Supplier Register, Contact the Construction Supplier Register, Residential Cladding Rectification Register, Access the Residential Cladding Rectification Register, Applying for pre-qualification Residential Cladding Rectification Register, Residential Cladding Rectification Register categories for suppliers of construction services, Residential Cladding Rectification Register categories for suppliers of works, Conditions of pre-qualification to Residential Cladding Rectification Register, Eligibility criteria for Residential Cladding Rectification Register, Contact Residential Cladding Rectification Register, Automatic Mutual Recognition of Occupational Licensing, Community Support Fund financial overview 2018-19, Community Support Fund financial overview 2017-18, Community Support Fund financial overview 2016-17, Community Support Fund financial overview 2015-16, Community Support Fund financial overview 2014-15, Information for Victorian departments and agencies, Inquiry into economic equity for Victorian women, Principles of Partnerships Addressing Disadvantage, Victorian Government Climate-related Risk Disclosure Statement, Victorian Public Service Enterprise Agreement 2020, Department of Treasury and Finance Victoria. Budget Paper No. $517 million for forest and fire management to address the need to protect our communities and environment and reduce the risk of bushfires in a changing climate. 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. Explore our solutions Win more government business and contracts. Category 2021-22 State Budget The 2021-22 State Budget was delivered on Thursday 20 May 2021. You should only rely on the exact detail of the changes once the legislation is passed. 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. 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. The Rural and Regional Budget Information Paper summarises the Governments priorities for rural and regional Victoria. The Budget Overview summarises the State's economic and fiscal outlook, and the Government's strategic priorities and objectives. $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. Visit the Victorian Budget website for more information. $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. $40.6M, over four years, has been allocated to maximising local jobs and local content. 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. If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. 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. 1: Budget Strategy and Outlook, Budget Paper No. Phone: 03 9210 9222 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 measures are listed here, along with their expected start date. Protecting our environment for Victorians to enjoy while addressing climate change and contributing to the states economic recovery. This summary focuses on the particular announcements affecting the Property & Construction Sector. $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. The Victorian Government released its 2021-22 budget on 20 May 2021. This State Budget responds to the Royal Commission's recommendations. 2), Financial Report (incorporating Quarterly Financial Report No. These services will focus on early intervention, so Victorians get the care they need much sooner to improve their wellbeing. The following Australian Government Agencies' held their Portfolio Aditional Estimate Statements on their websites at the time of release. 1, Victorias Economic Bulletin, Volume 6, No. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. Yes, mental health and wellbeing are critical, as highlighted by the findings from the Royal Commission, and these mental health initiatives are welcome. Bills to Parliament and Victorians of all output funding with associated performance targets explore our Win... 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