VIC State Budget 2022/23

The Victorian Government has delivered the 2022/23 Budget with a clear emphasis on health, education and infrastructure projects in Victoria and no major surprises or material new taxes for Victorian businesses. Key takeaways Although there are no key tax measures introduced, direct property taxes will continue to be the source of over 50% of new […]

Grant alert: Manufacturing Modernisation Fund round 2 now open

Grants of up to $1M are available for Australian manufacturers in key priority sectors. Updated: 9 December 2020 The Federal Government is offering manufacturing grants of up to $1M to attract the adaptation of new technologies, modernise manufacturing processes, create jobs and increase productivity in key priority sectors. Grants are offered on a 1:3 funding basis, with the […]

Additional tax relief support announced for Victorian businesses

As Victoria’s lockdown continues, the State Government has recognised that further support is needed for Victorian businesses. Below is a summary of the various tax relief and grants announced. Vacant Residential Land Tax Relief (VRLT) VRLT is annual tax of 1% of the council capital improved value and it applies to residential land in specified […]