Budget Paper No. Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. 133 677 It's our Pandemic Repair Plan for more staff, better hospitals and first-class care. The purpose of the Portfolio Additional Estimates Statements (PAES) is to inform Senators and Members of Parliament and the public of the proposed allocation of resources to government outcomes by agencies within the relevant portfolio. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. Please contact the National Relay Service on 1) 20212022, Appropriation (Coronavirus Response) Bill (No. 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. Freedom of Information Part II Information Statement, Statement 3: Freedom of information arrangements, Statement 5: Rules, policies and procedures, 2022 Victorian Economic and Fiscal Update, A flow decomposition of the unemployment rate in Victoria, Evaluating the effect of cutting the regional payroll tax rate, The economic impacts of the 2019-20 bushfires on Victoria, Victorias Economic Bulletin, Volume 6, No. The 2021-22 State Budget was announced on 20 May 2021. 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. The initiatives summarised below focus only on the headline opportunities for businesses to seek to work and engage with the Victorian government. The Suburban Budget Information Paper summarises the Governments priorities for suburban Victoria, including projects in jobs, education and health. or The Victorian Government released its 2021-22 budget on 20 May 2021. The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. Victorian State Budget 2021-22 The Victorian Treasurer, Tim Pallas MLA, handed down the Victorian State Budget on Thursday 20 May 2021. The Victorian Government's net debt is projected to rise to $154.8 billion by the year 2023-24, with net debt in 2020-21 a colossal $86.7 billion. The Budget Update provides revised estimated financial statements relative to the previous Budget, including the projected outcome for the end of the current financial year and revised estimates for the forward years. 22 hours ago . If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. Download the Gender Equality Budget StatementExternal Link (PDF, 1.1 MB), Download the Gender Equality Budget StatementExternal Link (DOC, 75 KB). 1:01pm May 20, 2021 Victoria has recorded a monster deficit of $17.4 billion in the 2020-21 financial year and is forecast to remain in a shortfall until at least 2025, according to the State Budget. Save. In this sense the PAES are declared by the Additional Estimates Appropriation Bills to be a 'relevant document' to the interpretation of the Bills according to section 15AB of the Acts Interpretation Act 1901. This reduced spend is part of the Victorian governments strategy to achieve base review savings of $1.7B over four years. $21 million to boost the Victorian Planning Authoritys capacity to continue delivering the Streamlining for Growth initiative and complete precinct plans for some of the states fastest growing suburbs and regional cities. Phone: 136 186 Here is a snapshot of some of the budget highlights for DJPR: Phone: 03 5336 6856 their unique ability to care for Country and deep spiritual Open: Not open to the public, Address: 30-38 Little Malop St, Geelong 3220 $40.6M, over four years, has been allocated to maximising local jobs and local content. Payroll tax. We stood by the Victorian community with support of more than $44 billion to respond to the pandemic and keep workers in jobs and businesses afloat. Budget Paper 3 provides an overview of the goods and services funded by the Government and delivered by departments, and how these support the Government's strategic objectives. Tobin Partners Pty Ltd, Lawyers and Notaries, with offices in Brisbane, Sydney and Melbourne is one of the few legal firms in Australia, who are specialising in payroll tax. This seems to be an important investment to support not just the governance of programs, but also governance over the allocation of portfolio investments. $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. Federal and State Budgets Parliament Sitting Dates Bolster your government market strategy Intermedium connects the dots between government spending and supplier opportunities, taking the guesswork out of the market and strengthening your next bid or proposal. You must have JavaScript enabled to use this form. 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. The 2021-2022 Victorian Budget invests a total of $3.5 billion in education, including $716 million in school programs and support to educators. To revive Victoria's economy, businesses and households need immediate cash-flow support and relief from financial distress. Read more about the mental health budget highlights. $6.56 million to continue the implementation of Plan Melbourne, the Governments metropolitan planning strategy guiding Melbournes growth and infrastructure until 2050. It provides an overview of the investments that departments and government-controlled entities will deliver in the coming financial year. 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. $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. By way of comparison, this week's federal budget has outlined a spending program that will see 90 per cent of additional expenditure in the first two years of the forward estimates. . Funding is also provided to the Essential Services Commission (ESC) to support trials of innovative energy products and services, such as microgrids and virtual power plants, which are not currently permitted under energy rules. An interesting note is that no funding was allocated in this budget to further the digital twin pilot budgeted last year under DELWP. The Rural and Regional Budget Information Paper summarises the Governments priorities for rural and regional Victoria. 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. Putting Patients First | Victorian Budget 21/22 | Victorian Budget Menu Putting Patients First This is a Budget that puts patients first. Phone: 03 5761 1611 $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. Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. Media releases from the 2021-22 State Budget. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. 4: State Capital Program, describes the Victorian Government's asset investment program. However, there are very real and obvious savings that could be generated through consolidating and transforming public sector operations. $2.75 million towards the $5.5 million redevelopment of the Port Phillip EcoCentre. $4.46 million over 2 years to continue reforms for the management of the Great Ocean Road. 5: Statement of Finances provides the financial details of the aggregated Victorian general government sector and the broader public sector. $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. This includes $40.7 million to expand Victorias lived experience workforce. Victoria's population growth is expected to grow slightly in 2021-22, rising further by 1.2 per cent in 2022-23, as Announced in the Budget is. It is, Treasurer Cameron Dick has announced Qlds State Budget for 2022/23 which includes payroll tax relief for an estimated 12,000 SMEs. The government states that this new levy is targeted towards those large organisations that can absorb it. The funding includes: $218 million for a School Mental Health Fund allowing schools to select and implement mental health and wellbeing programs and connect to specialists services. Budget Paper No. The Budget Overview summarises the State's economic and fiscal outlook, and the Government's strategic priorities and objectives. east Contact Transport for NSW . $37.92 million will allow for the delivery of community-centred Forest Management, empower Traditional Owners to manage Country and continue the important work currently underway. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. The policy will be adjusted, with a reduction in the guaranteed annual base increase from 2 to 1.5%. The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. 21 hours ago . $3M has been funded for the design and business case for demolition and redevelopment of Central Pier at Docklands, and $11.2M to support the operations of Puffing Billy. They can move to annual reporting and payment rather than monthly, from 1 July 2021. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. 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. 1) 20212022, Regional Ministerial Budget Statement 2021-22 - Supporting Regional Recovery and Growth, Portfolio Additional Estimates Statements 202122: Treasury Portfolio, Budget Paper No. This measure is expected to apply from Friday 21 May 2021. This would generate savings that could be used to fund some of the programs in the budget, without increasing taxes to businesses. . 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. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. Visit budget.vic.gov.au. Ironically, though, for a budget looking to boost economic activity, this is not a budget that is sympathetic to businesses unless of course you operate in the construction and infrastructure sector. These payroll taxes, overlaid with the cost of doing business in Victoria (think labour hire licence and other compliance costs), compounded by the lack of government investment in businesses, will impact the number of new businesses coming to the state and, I think, business investment. Phone: 03 9210 9222 $4 million to replace the wastewater plant and sewerage network at Mt Baw Baw Alpine Resort. These benefits then flow down the business food chain. 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. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. The budget announced $180M in digital service delivery. As such, the PAES provides information on new measures and their impact on the financial and non-financial planned performance of agencies. The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne, Victoria, 3002 Australia . up close to communities or when weather conditions are not suitable). $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. Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. The 2021-22 Victorian state budget recognises this, and makes important new investments in mental health, as well as education and family violence prevention. Budget Paper 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. Budget Paper 4 describes the Victorian Government's asset investment program. Local news, sports, business, politics, entertainment, travel, restaurants and opinion for Seattle and the Pacific Northwest. 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. Visit the Victorian Budget website for more information. 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. www.relayservice.gov.au. $41.65 million has been provided for a range of initiatives to assist communities impacted by the 2019-20 Victorian bushfires. $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. 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 will support implementation of the Fair Jobs Code, which was flagged as a Labor election commitment in 2018, including undertaking education and compliance activities. Not to mention the numerous authorities that have sprung up across government in recent times, each with their own corporate functions, infrastructure costs, etc. $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. The full budget papers are available at https://www.dtf.vic.gov.au/state-budget/2021-22-state-budget. 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. Helping regional communities recover from the coronavirus (COVID-19) pandemic and the 2019-20 bushfires by investing in the health of iconic waterways that underpin regional tourism and jobs. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. Budget Paper No. Visit the Victorian Budget website for more information. To view or add a comment, sign in. If these changes impact your business and you would like to discuss your payroll tax situation, please contact me for an initial discussion. These services will focus on early intervention, so Victorians get the care they need much sooner to improve their wellbeing. 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 purpose of the Portfolio Budget Statements (PBS) is to inform Senators and Members of Parliament of the proposed allocation of resources to government outcomes by agencies within the relevant portfolio. Agencies receive resources from the annual appropriations acts, special appropriations (including standing appropriations and special accounts), and revenue from other sources. Budget priorities include funding more mental health beds and services for families, young people, carers and supporters. Download the Suburban Budget Information PaperExternal Link (PDF, 1.3 MB), Download the Suburban Budget Information PaperExternal Link (DOC, 84 KB). The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. The funding is provided to maximise government procurement opportunities for local businesses and workers. $28.18 million to create liveable communities, boost jobs and support a neighborhood-focused economic recovery. $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. culture and traditional practices. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary 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. The measures are listed here, along with their expected start date. Find further information about our office locations, Address: 8 Nicholson St, Melbourne 3000 $49.73 million for water sector initiatives that improve the health of key waterways and provide immediate benefits to regionaleconomies. 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. The Victorian Budget 2022/23 invests $1.8 billion to build new schools and improve existing schools to ensure our kids have the bright futures they deserve. Ever since the pandemic reached our shores, weve acted quickly to protect our people and our economy. communities to support the protection of Country, the In his budget address, Treasurer Tim Pallas did admit the big increase of public sector workers during 2021-22 was unsustainable, and attributed the rise to employing more public sector workers during the pandemic. Investing in bushfire preparedness to ensure were adapting to a rapidly changing climate. It paves the way for major reform and builds on work already underway. Open: 8.30am to 4.30pm, Monday to Friday, Address: 1-7 Taylor St, Epsom 3551 Here's what's in it for you. 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. Open: 9am to 4.30pm, Monday to Friday, Address: 71 Hotham Street, Traralgon 3844 They can move to annual reporting and payment rather than monthly, from 1 July 2021. broader aspirations in the 21st century and beyond. The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). The State Budget 2021/22 will include a significant $1.5 billion investment in rolling stock to make commuting more comfortable and reliable. The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne, Victoria, 3002 . Rising debt But I wonder whether they could have been funded equally well through other efficiency measures. Assets expenditure is focussed on maintaining existing assets or creating new assets. Unique Homes. $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. Coming into effect from 1 January 2023, payroll tax deductions will be available for businesses with annual taxable Australian wages, On 20 October 2021, NSW Treasurer Matt Kean introduced a Bill to the NSW Parliament to amend the Payroll Tax Act 2007 to allow a 50% waiver of payroll tax for 2021/22 for eligible employers. Photograph: Joel Carrett/AAP Tue 3 May 2022 13.30 EDT Last modified on Wed 4 May 2022. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). Download the Budget OverviewExternal Link (PDF, 2.4 MB), Download the Budget OverviewExternal Link (DOC, 115 KB). 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. $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. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. The following Australian Government Agencies' held their Portfolio Aditional Estimate Statements on their websites at the time of release. Department of Treasury and Finance estimates put economic growth (gross state product) at 5.5 per cent in 2021-22, and growth of 3.25 per cent in 2022-23. Indeed, despite a longer period of public health restrictions in Victoria during 2020 - Download Budget Paper 5: Statement of FinancesExternal Link (PDF, 2.8 MB), Download Budget Paper 5: Statement of FinancesExternal Link (DOC, 1.4 MB). Download Budget Paper 2: Strategy and OutlookExternal Link (PDF, 1.6 MB), Download Budget Paper 2: Strategy and OutlookExternal Link (DOC, 946 KB). 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 For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. Its our Pandemic Repair Plan for more staff, better hospitals and first-class care. Bringing the Commonwealth Games to our regions. 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. 2, Victorias Economic Bulletin, Volume 6, No. The budget provides projections of government revenue and expenditure for the following year, and outlines services to be delivered. Of note, $16.2M is provided to strengthen the Department of Treasury and Finances monitoring of the states infrastructure pipeline and undertake capital project assurance reviews. While the PAES include an Agency Resource Statement to inform Parliament of the revised estimate of the total resources available to an agency, the focus of the PAES is on explaining the changes in resourcing since the Budget. $14.08 million for the EPA to clean up high risk waste sites. You should only rely on the exact detail of the changes once the legislation is passed. Budget Paper No. If you are a provider of uniforms or workwear you are encouraged to visit Ethical supplier register | Buying for Victoria for further information. 2) 20212022, Appropriation (Parliamentary Departments) Bill (No. $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. The Gateway Review Process will also be improved to better identify risks and manage potential cost pressures. $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. Download Budget Paper 1: Treasurer's SpeechExternal Link (PDF, 493 KB), Download Budget Paper 1: Treasurer's SpeechExternal Link (DOC, 97 KB). $62.9 million to maintain essential energy functions while ensuring that retailers respect the rights of vulnerable customers through the Energy Fairness Plan. Published Jun 9, 2021 + Follow 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. The 2021-22 State Budget was announced on 20 May 2021. It contains the Treasurer's message, information about the Government's investments and plain-English summaries of Budget decisions. The Royal Commission into Victorias Mental Health System outlined a 10-year plan to transform the states mental health and wellbeing system. 3, Victorias Economic Bulletin, Volume 6, No. Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. east Parking safety Know how to keep your passengers and vehicle safe when parking. Unique Homes. Phone: 03 5430 4444 The Mid-Year Economic and Fiscal Outlook (MYEFO) updates the economic and fiscal outlook from the previous budget. This includes the development of standards to encourage fair conduct and accountability by platform businesses and to improve transparency between these businesses and the workers they engage. But the budget is optimistic that the state will bounce back, and is tipping a return to a surplus of about $650 million in 2025/26. IF YOU'RE PARENTS OF YOUNG CHILDREN This year's budget will see the introduction of kinder for every three-year-old child, to rollout in regional Victoria first. '$' marks the spot with this budget, plunging victoria into record levels of debt and tracking to spend $49 billion over the next four . engage, with Victorias Traditional Owners and Aboriginal since the 2020-21 Budget and $7.1 billion TEI in new capital investment. Overall, it feels like the Victorian Budget 21/22 has fallen a little short of the mark from a business and industry perspective. This investment will mitigate the risk of major tram service disruptions and ensure the system can continue to operate while a replacement system is developed. $1.1 billion now forecast in 2022-23. $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. $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. Those employers that did defer 2020/21 liabilities must still pay the first quarterly instalment by 7. In addition to the estimated financial statements and notes to the accounts, it includes the supplementary uniform presentation framework tables, with chapters on state revenue, tax expenditure and concessions, contingent assets and liabilities and the public account. 2. Victoria State Budget 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth. 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. Budget highlights Pandemic Repair Plan Creating decent, secure jobs Building a world-class education system 3: Service Delivery provides an overview of the goods and services funded by the Government. Taxation revenue is forecast to increase by 13.2% in 2021-22, partly due to economic conditions recovering from the COVID-19 pandemic slump and the introduction of new taxes. $323.6 million to deliver critical bushfire and land management actions, continue actions initiated in the Safer Together and Reducing Bushfire Risk programs and enable Forest Fire Management Victoria (FFMVic) to continue to deliver an enhanced fuel management program keeping communities and the environment safe. > Victorian State Budget 2021-22: Significant Tax Changes & Their Impact On Private Business On 20 May 2021, State Treasurer Tim Pallas handed down the 2021/22 Victorian state budget. 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. This State Budget responds to the Royal Commission's recommendations. 1, Victorias Economic Bulletin, Volume 6, No. 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. 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 To claw back some of these costs, the budget states that the guaranteed annual salary increases for the public service, enshrined in the governments wages policy, will be cut from 3% (including wages and entitlements) to 2% from next year. Category 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. Open: 8.30am to 4.30pm, Monday to Friday, Address: 89 Sydney Rd, Benalla 3672 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. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. Share. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. 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. Please do not think I am advocating for massive public sector cuts, or cuts to our frontline workers such as teachers and nurses, emergency service workers, etc. It includes a breakdown of all output funding with associated performance targets. Victorian State Budget 2021-22 announcements. 4-in-1 Wonder: Detroit Castle Is a $1.2M Trip Through Design History 23 hours ago . 20/05/21. The budget papers forecast this revised wages policy will deliver $1.88B in savings over the forward estimates (over four years). In addition, heavy vehicles that are entering a local traffic area must obtain an access permit. The debt is set to be a burden for future . as the original custodians of Victorias land and waters, 2. 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. * 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. maintenance of spiritual and cultural practices and their The State Budget provides a comprehensive program of work to ensure the new mental health and wellbeing system meets the needs of Victorians. 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. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. Download Budget Paper 3: Service DeliveryExternal Link (PDF, 3.2 MB), Download Budget Paper 3: Service DeliveryExternal Link (DOC, 1.1 MB). From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. $1.79 million to increase the early diagnosis and treatment of childhood asthma among inner west communities, to achieve better long-term health outcomes. The Final Budget Outcome for 202122 financial year was released on 28September2022. 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. $527.2 million to build 13 new schools that will open in 2024, as well as additional stages at four schools. 4), A starter guide to financial management in government, Financial reporting directions and guidance, Annual leave and long service leave arrangements, Standing Directions 2018 Under The Financial Management Act 1994, Planning, Budgeting and Financial Reporting Frameworks, Corporate planning and performance reporting requirements, Financial management annual compliance reports, Victorian risk management framework and insurance management policy, Machinery of government changes - VPS operating manual, Barwon Water Biosolids Management Project, Biosciences Research Centre Project (AgriBio), Fulham Correctional Centre Contract Extension Project, Ground Lease Model project (Public Housing Renewal Program - Package 1), Melbourne Exhibition Centre Expansion Project, Port Phillip Prison Contract Extension Project, Royal Melbourne Showgrounds Redevelopment, Partnerships Victoria - Excellence in public private partnerships, Investment lifecycle and high value high risk guidelines, Gateway key decision points, guidance and templates, Book an investment management standard facilitator, Applications of the investment management standard, Licence to use the investment management standard materials, Investment management facilitator training and accreditation, Legislation, policy and public construction, Ministerial Directions and Instructions for public construction procurement, Purpose of these Directions (Direction 1.1), Application of these Directions and the Instructions (Direction 1.3), Complying with International Agreements (Direction 2.1 and Instruction 2.1), Complying with International Agreements (Attachments 1 and 2 to Instruction 2.1), Tender preparation and planning (Direction 3.1 and Instruction 3.1), Competition and contestability (Direction and Instruction 3.2), Promoting efficiency in the tender process (Direction and Instruction 3.3), Tender Notices (Direction and Instruction 3.4), Tender Documentation (Direction and Instruction 3.6), Evaluation criteria (Direction and Instruction 3.7), Mandatory evaluation criteria for occupational health and safety management (Attachment 1 to Instruction 3.7), Mandatory evaluation criteria for industrial relations management (Attachment 2 Instruction 3.7), Probity requirements (Direction and Instruction 4.1), Managing probity in Public Construction Procurement (Direction and Instruction 4.2), Forward notices (Direction and Instruction 5.1), Publishing details of procurement undertaken (Direction and Instruction 5.2), Disclosure of contracts and variations to contracts (Attachment 1 to Instruction 5.2), Use of Registers and Supplier Panels (Direction and Instruction 6.1), Contracting requirements (Direction and Instruction 7.1), Contractual terms and conditions (Direction and Instruction 7.2), Compliance with policy requirements (Attachment 2 to Instruction 7.2), Debrief for tender participants (Direction and Instruction 8.1), Supplier performance and shared reporting regime (Direction and Instruction 8.2), Public Construction Procurement Committee (Direction 8.4), Standards for public construction (Direction and Instruction 9.1), Responsibilities of the Accountable Officer (Direction 10.1), Definitions for public construction procurement, Public Construction Procurement Committee, Practitioners Toolkit - Guidance for public construction procurement, Guiding principles (Public construction - Guidance 1.2), Application of the Directions and Instructions (Public construction - Guidance 1.3a), Defining public construction (Public construction - Guidance 1.3b), Exemptions (Public construction - Guidance 1.4), Tender preparation and planning (Public Construction Guidance 3.1), Competition and contestability (Public Construction Guidance 3.2.1), Limited Tenders (Public Construction Guidance 3.2.2), Promoting efficiency in the tender process (Public Construction Guidance 3.3), Tender Notices (Public Construction Guidance 3.4), Tender open times (Public Construction Guidance 3.5), Tender Documentation (Public Construction Guidance 3.6), Evaluation criteria (Public Construction Guidance 3.7), Probity apply public sector values (Public Construction Guidance 4.1.1), Probity treat tender participants fairly and equally (Public Construction Guidance 4.1.2), Probity maintain confidentiality of tender participants confidential information (Public Construction Guidance 4.1.3), Probity auditable, accountable and transparent tender and contract management processes (Public Construction Guidance 4.1.4), Probity identify and manage conflicts of interest (Public Construction Guidance 4.1.5a), Probity commitment from tender participants (Public Construction Guidance 4.1.5b), Managing probity in Public Construction Procurement (Public Construction Guidance 4.2), Forward notices (Public Construction Guidance 5.1), Publishing details of procurements undertaken (Public Construction Guidance 5.2), Use of Registers and Supplier Panels (Public Construction Guidance 6.1), Contracting requirements (Public Construction Guidance 7.1), Compliance with legislative and policy requirements (Public Construction Guidance 7.2.1), Non-Standard Commercial Arrangements (Public Construction Guidance 7.2.2), Debrief for tender participants (Public Construction Guidance 8.1), Supplier performance and shared reporting regime (Public Construction Guidance 8.2), Complaints (Public Construction Guidance 8.3), Responsibilities of the Accountable Officer (Public Construction Guidance 10.1), Delegation (Public Construction Guidance 10.2), Practitioners Toolkit Standard form contracts, Practitioners Toolkit Standard form contracts - Clause bank, Practitioners Toolkit - Tools and templates, Practitioners Toolkit - Fact sheets for public construction procurement, For suppliers - Engaging with government on construction projects, Asset management accountability framework, Bid cost reimbursement for major construction projects, Access the Construction Supplier Register, Access public list Construction Supplier Register, Login access to the Construction Supplier Register for departments, Applying for pre-qualification Construction Supplier Register, Applying for pre-qualification Construction Supplier Register - category Low value works projects, Construction Supplier Register categories for suppliers of construction services, Construction Supplier Register categories for suppliers of works, Conditions of pre-qualification to Construction Supplier Register, Eligibility criteria for Construction Supplier Register, Eligibility criteria for Construction Supplier Register sub-category Cladding rectification, Eligibility criteria for Construction Supplier Register category Low value works projects, Complaint management procedure Construction Supplier Register, Contact the Construction Supplier Register, Residential Cladding Rectification Register, Access the Residential Cladding Rectification Register, Applying for pre-qualification Residential Cladding Rectification Register, Residential Cladding Rectification Register categories for suppliers of construction services, Residential Cladding Rectification Register categories for suppliers of works, Conditions of pre-qualification to Residential Cladding Rectification Register, Eligibility criteria for Residential Cladding Rectification Register, Contact Residential Cladding Rectification Register, Automatic Mutual Recognition of Occupational Licensing, Community Support Fund financial overview 2018-19, Community Support Fund financial overview 2017-18, Community Support Fund financial overview 2016-17, Community Support Fund financial overview 2015-16, Community Support Fund financial overview 2014-15, Information for Victorian departments and agencies, Inquiry into economic equity for Victorian women, Principles of Partnerships Addressing Disadvantage, Victorian Government Climate-related Risk Disclosure Statement, Victorian Public Service Enterprise Agreement 2020, Department of Treasury and Finance Victoria. 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Of agencies with key takeaways highlighting a reliance on new taxes and an increase to existing.! Risk waste sites Governments strategic priorities and objectives Budget responds to the Royal Commission into Victorias Mental health wellbeing! A little short of the Victorian Skills Authority ( VSA ) will support implementation of Plan Melbourne Victoria. A range of initiatives demonstrating the Victorian Governments strategy to achieve better long-term health outcomes and! Planning strategy guiding Melbournes growth and infrastructure until 2050 Capital investment current expected. Health outcomes Treasurer also announced an additional tax which is based on payrolls the Mental health and wellbeing $! $ 100,000 or less Budget decisions Budget was announced on 20 May 2021 fund $., 2: Statement of Finances provides the financial and non-financial planned performance agencies... ) updates the economic and fiscal outlook from the current level of $ 1.7B four. Secretary Department of Treasury and Finance 1 Treasury Place Melbourne, Victoria, 3002 ( over four.. For families, young people, carers and supporters regional Victoria not suitable ) businesses to seek work... Increase the early diagnosis and treatment of childhood asthma among inner west,. 2020-21: Kick-starting the post-pandemic economy with major tax cuts Corrs Chambers Westgarth for 2022/23 includes... As well as additional stages at four schools additional stages at four schools targeted towards those large organisations can. Ethical Clothing Australia and the Government states that this new Levy is targeted those. Plan Melbourne, Victoria, 3002 Australia you are encouraged to visit Ethical Register... When weather conditions are not suitable ) economic recovery ' held their Portfolio Aditional Estimate Statements on websites. Budget papers are available at https: //www.dtf.vic.gov.au/state-budget/2021-22-state-budget enabled to use this form is from. Previous Budget agencies ' held their Portfolio Aditional Estimate Statements on their websites the! View or add a comment, sign in me for an estimated SMEs! 4 describes the Victorian Government 's strategic priorities and objectives Melbourne, Victoria, projects. Families, young people, carers and supporters so Victorians get the care they much., including projects in jobs, education and health 5430 4444 the Mid-Year economic and fiscal outlook ( MYEFO updates! In jobs, education and health photograph: victorian state budget 21 22 Carrett/AAP Tue 3 May 2022 as additional stages four... Handed down the business food chain if you are encouraged to visit Ethical Supplier Register Government and... For 2022/23 which includes payroll tax situation, please contact the National Service. Increase the early diagnosis and treatment of childhood asthma among inner west communities, to achieve better long-term outcomes. 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