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QLD State Budget Overview 2022/23

The Queensland 2022/23 Budget includes increased mental health support, payroll tax relief and mining companies face higher coal royalty rates. Queensland Treasurer, Cameron Dick, has handed down his 3rd budget as part of the government’s plan for economic recovery from the Covid-19 pandemic. Revenue measures announced as part of the 2022–23 Queensland Budget, include: a […]

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 […]

VIC State Budget 2022/23 – Property & infrastructure

The Victorian Government has continued its emphasis on infrastructure investment in this Budget with a focus on schools, health facilities and social and affordable housing. Significant measures New infrastructure spending: $1.6bn for construction and development of new schools and school upgrades $1.6bn for construction and development of new hospitals, health facilities and related upgrades $2.6bn […]

QLD 2020/21 State Budget

The QLD Government has announced a number of measures focussing on supporting businesses and creating more jobs within the state, including an infrastructure program to back recovery. Key takeaways $14.8bn infrastructure spending in 2020-21 – largest annual commitment in over a decade Infrastructure focus on roads and rail with key links in South East QLD, […]

NSW State Budget – Stamp Duty Proposal

As one of the biggest financial barriers to homeowners, the proposed changes to the NSW Stamp Duty regime may bring NSW residents the freedom to pay an annual property tax instead of an upfront duty. A consultation Paper, which proposes to replace the current stamp duty and land tax with a single annual property tax […]

VIC 2020/21 State Budget – Agribusiness

Key takeaways $300m to address regional telecommunication blackspots $2bn Breakthrough Victoria Fund and the Agricultural College Modernisation Program $30m for the Agriculture Energy Investment Fund Funding to support Victoria’s agricultural exporters Funding to assess regional Victoria’s agriculture industry skill needs. Impact to your business Funding which improves connectivity is welcomed and will help attract more […]

VIC 2020/21 State Budget – Property & infrastructure

Key Takeaways Property $6bn Big Housing Build package 12,200 new social and affordable homes $111m to implement planning reforms and reduce red tape to fast-track new projects Stamp duty waiver of 50% on new residential property transactions of up to $1m (worth up to $27,500) Stamp duty waiver of 25% on existing residential property transactions of up […]

VIC 2020/21 State Budget

The Victorian Government has delivered its biggest ever spending budget designed to reinvigorate the economy and create Victorian jobs following the impact of COVID-19. Key Takeaways Projected deficit of $23.3bn this year. Net debt will reach $86.7bn in 2021 increasing to $154.8bn by 30 June 2024 The government has set the goal of creating an […]

NSW 2020/21 State Budget

The NSW Government has tabled a 2020-21 State Budget which is very much focused on job creation and the improvement of government services, whilst continuing to keep people safe. Key Takeaways Projected deficit of $16bn (2019-20 deficit $6.9bn). Return to surplus by 2024-25 $29bn committed to economic support measures (including pre-budget measures) in response to the […]