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.
For the first time in more than ten years, the Victorian Government has announced an increase in land tax rates. Properties with an unimproved value of $1.8 million or more will be stung with a significant amount of additional land tax, with the hike expected to raise more than $1.53 billion in revenue over the forward estimates period.
Tonight’s federal budget delivers enough for businesses to keep them sailing along as the economy becomes more buoyant, but it lacks great vision for the direction of the country, instead locking in previous budget measures as business as usual. National Chairman of the Pitcher Partners National Association John Brazzale said tonight’s Budget has been built […]
We recently provided our Pre-Budget submission to The Treasury on key issues and policy areas most important to you ahead of the 2021-22 Federal Budget.
As part of its 2020-21 Federal Budget, the Government announced a new JobMaker Hiring Credit to incentivise businesses to hire additional employees.
The Australian Taxation Office (ATO) has announced automatic extensions to a number of key dates for the JobKeeper regime that otherwise fall due in January 2021. In this bulletin, we set out a summary of these concessions.
The Treasurer has announced reforms to payroll tax that will be welcomed by many Victorian employers, but the measures are largely temporary and will not provide any ongoing relief. Having previously announced various payroll tax concessions to address the impact of COVID-19 on businesses, in its State Budget handed down today, the Victorian Government announced […]
The Victorian State Budget released earlier today, shows the Government will attempt to spend its way to economic recovery by investing more than $49 billion over the next 4 years in a multitude of infrastructure projects. The spending will be supported by a record level of debt, which is projected to hit a peak of […]
With over 20 years of experience in the industry, including 18 months as a CFO in the UK, Brett’s clients benefit from his extensive public practice expertise and knowledge. The specialist experience that Brett has gained throughout his career has enabled him to cater to a variety of industries and services. Some of Brett’s broad […]
The superannuation guarantee amnesty gives employers the opportunity to review historical compliance with their superannuation guarantee (SG) obligations and rectify any underpayments or late payments for quarter(s) between 1 July 1992 to 31 March 2018. However, the concessions offered under the Amnesty are only available until 11:59 pm on 7 September 2020.
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