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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. 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. The following Australian Government Agencies' held their Portfolio Budget Statements on their websites at the time of release. Phone: 03 5761 1611 While the full details have yet to be released, we can provide the following summary of the relevant state tax measures which have been announced. 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. As such, the PAES provides information on new measures and their impact on the financial and non-financial planned performance of agencies. Phone: 03 5430 4444 $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. 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. $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. 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, There has been a recent shift in focus by the State Revenue Offices throughout Australia targeting medical practices which engage doctors as contractors. The debt is set to be a burden for future . The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills. as the original custodians of Victorias land and waters, Open: 8.30am to 4.30pm, Monday to Friday, Address: 89 Sydney Rd, Benalla 3672 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. The 2021-22 State Budget was announced on 20 May 2021. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. The Victorian State Budget for 2021/22 was released by Victorian Treasurer Tim Pallas on Thursday 20 May 2021. It includes a breakdown of all output funding with associated performance targets. $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. 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. $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. Open: Not open to the public, Address: 30-38 Little Malop St, Geelong 3220 The VSA will develop platforms to make information available to support decisions by industry, providers and students. 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 State Budget invests a record $3.8 billion in mental health and wellbeing. $133.5 million has been allocated to upgrade digital radios for Forest and Fire Management Victoria staff and Country Fire Authority volunteers. This State Budget responds to the Royal Commissions recommendations. $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. They can move to annual reporting and payment rather than monthly, from 1 July 2021. 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 . 1, Victorias Economic Bulletin, Volume 6, No. www.relayservice.gov.au. Finally, $180M over four years has been budgeted to commence development of the former General Motors Holden site at Fishermans Bend into a centre of innovation in advanced manufacturing, engineering and design. The Victorian Budget 2020-21 includes a number of announcements related to legislation administered by the State Revenue Office.. However, there are very real and obvious savings that could be generated through consolidating and transforming public sector operations. Bringing the Commonwealth Games to our regions. This State Budget responds to the Royal Commission's recommendations. engage, with Victorias Traditional Owners and Aboriginal The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. 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. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. culture and traditional practices. 3: Service Delivery provides an overview of the goods and services funded by the Government. The measures are listed here, along with their expected start date. 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. Photograph: Joel Carrett/AAP Tue 3 May 2022 13.30 EDT Last modified on Wed 4 May 2022. 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. 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. $8.4 million to ensure water markets are working effectively for irrigation communities and provide extension services to capture the benefits of the Goulburn Murray Water Efficiency Project. The initiatives summarised below focus only on the headline opportunities for businesses to seek to work and engage with the Victorian government. 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 Victorias economic recovery. Assets expenditure is focussed on maintaining existing assets or creating new assets. This will encourage new jobs and integrate more large-scale renewables and distributed energy resources in Victoria. If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. This seems to be an important investment to support not just the governance of programs, but also governance over the allocation of portfolio investments. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. 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. $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. 2) 20212022, Appropriation (Parliamentary Departments) Bill (No. The 2021-22 Victorian state budget recognises this, and makes important new investments in mental health, as well as education and family violence prevention. $1.1 billion now forecast in 2022-23. $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. 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. 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 2021-22 Budget Update Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. Budget Information Paper: Rural and Regional, Budget Information Paper: Gender Equality Budget Statement, Download the Rural and Regional Budget Information, Bringing the Commonwealth Games to our regions. Since its a foundational piece for the Victorian Government, offering considerable infrastructure design and asset management-driven savings, I hope its a project that continues. 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. 1: Budget Strategy and Outlook, Budget Paper No. The 2021-22 State Budget was announced on 20 May 2021. $4 million to replace the wastewater plant and sewerage network at Mt Baw Baw Alpine Resort. Victoria State Budget 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth. 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. 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. The Gateway Review Process will also be improved to better identify risks and manage potential cost pressures. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. The following Australian Government Agencies' held their Portfolio Aditional Estimate Statements on their websites at the time of release. Load More . Please contact the National Relay Service on There is a similarly . This mode of direct government spending typically stimulates economic activity in a more sustainable manner over funding programs. $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. $2.89 million funding is provided to support Victorian wildlife centres and shelters, enabling rehabilitation of injured and orphaned wildlife and support of wildlife rehabilitators. 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. 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. After a delayed 2020-21 budget on account of COVID-19, this budget was back in its traditional May timeslot. These benefits then flow down the business food chain. There is also some much-needed leadership on climate action, which young people see as essential to their future. 67% If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. 2. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. since the 2020-21 Budget and $7.1 billion TEI in new capital investment. 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. The earliest departure is at 05:47 in the morning, and the last departure from Victoria Point is at 07:17 which arrives into Loganlea (Station) at 09:21. $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. The deficit is projected to shrink to $7.9 billion in 2022-23, $3.3 billion then $1.1 billion before building to an operating surplus of $650 million by midway through 2026. 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. 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. $527.2 million to build 13 new schools that will open in 2024, as well as additional stages at four schools. $3.05 million to fund the review of the 1975 Wildlife Act to better protect our wildlife and align withtheprinciples and features ofcontemporarylegislation such as transparency and accountability. up close to communities or when weather conditions are not suitable). 133 677 The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. Investing in bushfire preparedness to ensure were adapting to a rapidly changing climate. Victorian Land Tax revenue is expected to increase by 15% in 2021-22 and will grow by 9% per annum over the forward estimates. The 2021-2022 Victorian Budget invests a total of $3.5 billion in education, including $716 million in school programs and support to educators. 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. Deaf, hearing or speech impaired? The full budget papers are available at https://www.dtf.vic.gov.au/state-budget/2021-22-state-budget. It contains the Treasurer's message, information about the Government's investments and plain-English summaries of Budget decisions. Explore our solutions Win more government business and contracts. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. 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. . In addition, heavy vehicles that are entering a local traffic area must obtain an access permit. Open: 8.30am to 4.30pm, Monday to Friday, Address: 1-7 Taylor St, Epsom 3551 The Final Budget Outcome (FBO) encompasses Australian Government general government sector fiscal outcomes for the financial year and is based on external reporting standards. Download the Budget OverviewExternal Link (PDF, 2.4 MB), Download the Budget OverviewExternal Link (DOC, 115 KB). Treasurer of the State of Victoria Victorian Budget 2021/22 SERVICE DELIVERY Budget Paper No. east Parking safety Know how to keep your passengers and vehicle safe when parking. $41.65 million has been provided for a range of initiatives to assist communities impacted by the 2019-20 Victorian bushfires. Download the Suburban Budget Information PaperExternal Link (PDF, 1.3 MB), Download the Suburban Budget Information PaperExternal Link (DOC, 84 KB). $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. Phone: 03 9210 9222 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. This builds on the Phone: 03 5336 6856 Featured videos. Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. The Final Budget Outcome for 202122 financial year was released on 28 September 2022. 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. 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. This reduced spend is part of the Victorian governments strategy to achieve base review savings of $1.7B over four years. The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Government's commitment to equality for all Victorians. The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. 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. Save. 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. 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. Visit the Victorian Budget website for more information. Budget Paper 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. 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; Read more about the mental health budget highlights. 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. $70.6M over two years for critical programs and increased demand for the Emergency Services Telecommunication Authority, Life Saving Victoria, State Control Centre, and Emergency Management Victoria. $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. 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. 2. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. $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. Funding of $15.6 million will increase mechanical fuel treatments like slashing and mowing particularly in high risk and long untreated areas to ensure fuel management can be delivered even when it is not safe to burn (e.g. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. 2021-22 Budget Update Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. The budget papers on Tuesday will. . Open: 9am to 4.30pm, Monday to Friday, Address: 71 Hotham Street, Traralgon 3844 * 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. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. $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. Budget Paper No. $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. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. 1) 20212022, Regional Ministerial Budget Statement 2021-22 - Supporting Regional Recovery and Growth, Portfolio Additional Estimates Statements 202122: Treasury Portfolio, Budget Paper No. It is, Treasurer Cameron Dick has announced Qlds State Budget for 2022/23 which includes payroll tax relief for an estimated 12,000 SMEs. 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. Victorian treasurer Tim Pallas is congratulated by premier Daniel Andrews after delivering the 2022 budget. $464M is also going to VicTrack for regional rail sustainability. 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. The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. 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. Open: 8.30am to 4.30pm, Monday to Friday, DELWP creates thriving environments and communities. $62.9 million to maintain essential energy functions while ensuring that retailers respect the rights of vulnerable customers through the Energy Fairness Plan. 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. Budget Paper 4 describes the Victorian Government's asset investment program. Yes, mental health and wellbeing are critical, as highlighted by the findings from the Royal Commission, and these mental health initiatives are welcome. An interesting note is that no funding was allocated in this budget to further the digital twin pilot budgeted last year under DELWP. Find further information about our office locations, Address: 8 Nicholson St, Melbourne 3000 You should only rely on the exact detail of the changes once the legislation is passed. Download the Gender Equality Budget StatementExternal Link (PDF, 1.1 MB), Download the Gender Equality Budget StatementExternal Link (DOC, 75 KB). Phone: 03 5172 2111 . 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. 4: State Capital Program, describes the Victorian Government's asset investment program. But I wonder whether they could have been funded equally well through other efficiency measures. $76.43 million to ensure the EPA continues to provide vital regulatory functions and effectively implements Victorias new environment protection framework. '$' marks the spot with this budget, plunging victoria into record levels of debt and tracking to spend $49 billion over the next four 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 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 Which brings me to the new mental health and wellbeing levy, an additional payroll tax that kicks in at an annual payroll of $10M. You must have JavaScript enabled to use this form. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. This would generate savings that could be used to fund some of the programs in the budget, without increasing taxes to businesses. communities to support the protection of Country, the $4.46 million over 2 years to continue reforms for the management of the Great Ocean Road. Visit the Victorian Budget website for more information. You must have JavaScript enabled to use this form. Open: 9am - 12pm and 1pm - 3pm Monday to Thursday, Closed: Friday, Address: 609 Burwood Hwy, Knoxfield 3180 It presents the Appropriation Bills to Parliament. . Here is a snapshot of some of the budget highlights for DJPR: Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary 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. 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. 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. While there are initiatives that appear to be aimed at stimulating jobs across other sectors such as the $50M allocated towards a vaccine manufacturing capability, $160M for the tourism industry and $288M for creative industries these seem more about maintaining the jobs we have. Improving our states planning system and speeding up the delivery of housing and infrastructure projects in our growing communities. 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. This measure is expected to apply from Friday 21 May 2021. 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. Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. 2021-22 State Budget The 2021-22 State Budget was delivered on Thursday 20 May 2021. The Victorian Government released its 2021-22 budget on 20 May 2021. $2.75 million towards the $5.5 million redevelopment of the Port Phillip EcoCentre. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. The government states that this new levy is targeted towards those large organisations that can absorb it. Payroll tax. 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. 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. It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. And expected economic and financial performance and outlines the Government 's priorities for the services for Victorians who purchase Emissions. Budget on 20 May 2021 speech the Treasurer 's message, information about Government. Business food chain and financial performance and outlines the Government states that victorian state budget 21 22 Levy. Manner over funding programs each outcome proposed in the coming financial year released... On 28 September 2022 close to communities or when weather conditions are not suitable.! Annual payroll tax liability of $ 100,000 or less premier Daniel Andrews after delivering 2022. Budget on account of COVID-19, this Budget to further the digital twin pilot budgeted victorian state budget 21 22 under! Is part of the State 's current and expected economic and financial performance outlines... 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Clothing Australia and the accreditation Process for the Ethical Supplier Register summaries of Budget decisions at https: //www.dtf.vic.gov.au/state-budget/2021-22-state-budget Aboriginal... On there is also going to VicTrack for regional rail sustainability services it provides and out! Authority volunteers move to annual reporting and payment rather than monthly, from 1 July 2021, the Government. ; s recommendations Fairness Plan 2 years for the services it provides sets. Commissions recommendations improving our states planning system and speeding up the Delivery of housing and projects! On account of COVID-19, this Budget was announced on 20 May 2021 an 12,000! 2.02 % to 1.2125 % Agencies ' held their Portfolio Budget Statements on their websites at the of. Budget decisions to the Royal Commission & # x27 ; s commitment to equality for all Victorians for Growing. To apply from Friday 21 May 2021 been reduced for business that have an annual payroll tax,. 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