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Victorian Government introduces 7.5% short stay levy to Parliament

11/09/2024

Short stay booking platforms and owners of short stay accommodation should be aware of the new tax commencing from 1 January 2025. On 27 August 2024, the Victorian Government released the Short Stay Levy Bill 2024 (Vic). The Bill introduces a levy of 7.5% on booking fees for providers of short stay accommodation from 1 […]

Victorian Property Tax Reform

26/03/2024

The new Victorian Commercial and Industrial Property Tax (CIPT) will impact  property purchases after 1 July 2024. This is a significant change to transition away from stamp duty for commercial and industrial property. There are numerous complexities in the proposed legislation. The Commercial and Industrial Property Tax Reform Bill 2024 was introduced into the Victorian […]

VIC State Budget 2023/24

24/05/2023

The 2023/24 State Budget delivered by the Victorian Government seeks to repay COVID-19 debt through taxing big business and property investors. Temporary levies and job cuts are central to the 10-year fiscal repair plan which are set to impact business and employment. Key takeaways Larger businesses and landlords will have to pay additional taxes to […]

VIC State Budget 2022/23

04/05/2022

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

04/05/2022

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 […]

Build-to-Rent and Windfall Gains Tax panel discussion

20/04/2022

The Victorian Government’s latest Build-to-Rent announcements and the Windfall Gains Tax are on the agenda at the next Hall & Wilcox panel discussion. SW’s James Ye (叶嘉) and Robert Parker will be joining experts Mark Dawson (Urbis), Sean Ryan (Greystar) and Meg Lee and Eugene Chen (Hall & Wilcox) at the next Hall & Wilcox property sector event in Melbourne. Global players in the […]

Victorian Government Purchasing Board procurement requirements

08/06/2021

From 1 July 2021, the Victorian Government Purchasing Board (VGPB) will require more Government agencies to meet its procurement requirements. Government agencies will have until 30 June 2022 to be compliant. Agencies will need to align with the VGPB policies by 30 June 2022. It’s imperative that agencies review their compliance immediately to address any […]