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. The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills. Funding will also include establishing a support service or agency to assist on-demand workers. The Victorian State Budget for 2021/22 was released by Victorian Treasurer Tim Pallas on Thursday 20 May 2021. 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. The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. 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. You must have JavaScript enabled to use this form. Download the Gender Equality Budget Statement (PDF, 1.1 MB) Download the Gender Equality Budget Statement (DOC, 75 KB) Reviewed 02 May 2022 Phone: 136 186 Find further information about our office locations, Address: 8 Nicholson St, Melbourne 3000 Budget Paper 1 is the speech the Treasurer gives to outline the Budget to Parliament and Victorians. 1: Budget Strategy and Outlook, Budget Paper No. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). 67% The policy will be adjusted, with a reduction in the guaranteed annual base increase from 2 to 1.5%. 2. 1) 20212022, Appropriation (Coronavirus Response) Bill (No. 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 Final Budget Outcome for 202122 financial year was released on 28 September 2022. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. 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. 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 $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. The following Australian Government Agencies' held their Portfolio Budget Statements on their websites at the time of release. 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 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. The Victorian Government released its 2021-22 budget on 20 May 2021. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. 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. 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. Protecting our environment for Victorians to enjoy while addressing climate change and contributing to the states economic recovery. $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. Its our Pandemic Repair Plan for more staff, better hospitals and first-class care. The budget announced $180M in digital service delivery. Here is a snapshot of some of the budget highlights for DJPR: From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. 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. 1: Treasurers Speech commends the Appropriation Bills to Parliament and outlines the budget to Parliament and Victorians. or The following Australian Government Agencies' held their Portfolio Aditional Estimate Statements on their websites at the time of release. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. 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 as the original custodians of Victorias land and waters, 2021-22 Budget Update Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. Victorian Government announces historic budget investment in mental health, Read more about the mental health budget highlights, Specialty diagnostics, therapeutics and programs, End of life and palliative care in Victoria, Community Health Integrated Program (CHIP) guidelines, Victorian integrated care online resources, Collecting patient-reported outcome measures in Victoria, Public hospital accreditation in Victoria, Credentialing for senior medical staff in Victoria, Improving Access to Primary Care in Rural and Remote Areas Initiative, Victorian Patient Transport Assistance Scheme, Rural and isolated practice registered nurses, Urgent care in regional and rural Victoria, Fees for private health service establishments in Victoria, Design resources for private health service establishments, Professional standards in private health service establishments, Legislation updates for private health service establishments, Complaints about private health service establishments, Integrity governance framework and assessment tool, Medical equipment asset management framework, Health system design, service and infrastructure planning, Design, service and infrastructure plan for Victoria's cardiac system, Capability frameworks for clinical services, Complementary service and locality planning, Registration and governance of community health centres, Victoria's public dental care waiting list, Maternal and Child Health Service Framework, Maternal and Child Health Service resources, Maternal Child and Health Reporting, Funding and Data, Maternal and Child Health Workforce professional development, Public Dental and Community Health Program funding model review, Legislation governing Victorian cemeteries and crematoria, Frequently Asked Questions - Medicines and Poisons Regulation, Licences and permits to possess (& possibly supply) scheduled substances, Pharmacotherapy (opioid replacement therapy), Improving childhood asthma management in Melbourne's inner west, Per- and poly-fluoroalkyl substances (PFAS), Information for community groups selling food to raise funds, Adverse events following immunisation reporting, Immunisation schedule and vaccine eligibility criteria, Infectious diseases surveillance in Victoria, Notification procedures for infectious diseases, Notifiable infectious diseases, conditions and micro-organisms, Municipal public health and wellbeing planning, Improving outcomes in under-screened groups, Type 2 diabetes and cardiovascular disease prevention, Lasers, IPL and LED devices for cosmetic treatments and beauty therapy, Victoria's regulatory framework for radiation, Resources and factsheets - tobacco reform, Tobacco reform legislation and regulations, Retailers and shops that sell tobacco products, Recreational water use and possible health risks, Statewide and specialist mental health services, Access to mental health services across areas, Transport for people in mental health services, Medical Treatment Planning and Decisions Act, Supporting children whose parents have a mental illness, Supporting the social and emotional wellbeing of Aboriginal and Torres Strait Islander Victorians, Victoria's mental health services annual report 2019-20, Making a complaint about a mental health service, About Victoria's Chief Mental Health Nurse, Victoria's clinical supervision framework for mental health nurses, Mental health prevention and recovery care, Reporting requirements and business rules for clinical mental health services, Alcohol and other drug treatment services, Overview of Victoria's alcohol and drug treatment system, Pathways into alcohol and other drugs treatment, Community-based AOD treatment services in Victoria, Legislation governing alcohol and other drug treatment, Alcohol and other drug service standards and guidelines, Alcohol and other drug client charter and resources, Alcohol and other drug treatment principles, Alcohol and other drug program guidelines, Drink and Drug Driving Behaviour Change Program, Alcohol and Other Drug Residential Rehabilitation Facility Design Guidelines, Specialist Family Violence Advisor capacity building program in mental health and alcohol and other drug services - Victoria, Alcohol and other drug workforce Minimum Qualification Strategy, Workforce development tools and resources, Funding and reporting for alcohol and other drug services, Funding of alcohol and other drugs services in Victoria, Reporting requirements and business rules for alcohol and other drug services, Green 'UPS' pills containing N-ethylpentylone (no MDMA), Public sector residential aged care services, Safety and quality in public sector residential aged care, Emergency preparedness in residential aged care services, Voluntary Assisted Dying Ministerial Advisory Panel, State Health Emergency Response Arrangements, Department's responsibilities in emergencies, Health services responsibilities in emergencies, Employment programs for students and graduates, Undergraduate nursing and midwifery scholarships, Enrolled nurse to registered nurse transition scholarships, Re-entry pathway scholarships for nurses and midwives, Refresher pathway for nurses and midwives, Postgraduate scholarships for nurses and midwives, Additional funding for nursing and midwifery positions, Nursing and Midwifery Workforce Development Fund, Furthering your nursing and midwifery career, International nurse and midwife graduates, Inter-professional Nurse Paramedic Graduate Program, Aboriginal graduate and cadetship programs, Improving health for Victorians from culturally and linguistically diverse backgrounds, Understanding LGBTIQ+ health: Rainbow eQuality - Department of Health, Victoria, Australia, Asylum seeker and refugee health in Victoria, Consumer participation in healthcare in Victoria. $5.3M is provided for a project establishment team to start implementing the governments response to the inquiry into the Victorian On-Demand Workforce. Such an approach would in turn lead to more sustainable job gains. $464M is also going to VicTrack for regional rail sustainability. Download the Rural and Regional Budget Information PaperExternal Link (PDF, 1.4 MB), Download the Rural and Regional Budget Information PaperExternal Link (DOC, 85 KB). 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. Read more about the mental health budget highlights. 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. It contains the Treasurer's message, information about the Government's investments and plain-English summaries of Budget decisions. $62.9 million to maintain essential energy functions while ensuring that retailers respect the rights of vulnerable customers through the Energy Fairness Plan. 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. There is also some much-needed leadership on climate action, which young people see as essential to their future. However, the eye-watering number is not as high as originally forecast last year, with a $23.3 billion deficit initially predicted in November. 2), Financial Report (incorporating Quarterly Financial Report No. 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 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. The initiatives summarised below focus only on the headline opportunities for businesses to seek to work and engage with the Victorian government. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. 22 hours ago . Output initiatives are those that involve operational expenditure and can include consultancies and contracts, as well internal costs. 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). The measures are listed here, along with their expected start date. 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. Download the Suburban Budget Information PaperExternal Link (PDF, 1.3 MB), Download the Suburban Budget Information PaperExternal Link (DOC, 84 KB). $6.56 million to continue the implementation of Plan Melbourne, the Governments metropolitan planning strategy guiding Melbournes growth and infrastructure until 2050. This State Budget responds to the Royal Commissions recommendations. Open: 8.30am to 4.30pm, Monday to Friday, DELWP creates thriving environments and communities. Budget priorities include funding more mental health beds and services for families, young people, carers and supporters. However, there are very real and obvious savings that could be generated through consolidating and transforming public sector operations. 2021-22 Victorian State Budget 25 May 2021 In brief The 2021-22 Victorian State Budget was delivered on 20 May 2021 by Treasurer Tim Pallas. 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. After a delayed 2020-21 budget on account of COVID-19, this budget was back in its traditional May timeslot. This summary focuses on the particular announcements affecting the Property & Construction Sector. Those employers that did defer 2020/21 liabilities must still pay the first quarterly instalment by 7. * 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. 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. The ESC will also report on the outcomes of these trials and make recommendations to the government on ways to further reduce red tape for the energy sector. $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. In my view, the budget does not provide sufficient investment in the programs required by the Victorian government to generate the operating efficiencies targeted in this budget, or greater. 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. 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; The 2021-22 State Budget includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. 3: Federal Financial Relations, Appendix B: Total payments to the states by function*, Appendix E: Appropriations and conditions*, Building a more secure and resilient Australia, Mid-Year Economic and Fiscal Outlook 202122, Part 1: Australian Government Budget Outcome 202122, Part 2: Australian Government Financial Statements, Part 3: Australias Federal Financial Relations, Part 3: Australias Federal Financial Relations - Attachment A, Appendix A: Expenses by Function and Sub-function, Appendix B: Historical Australian Government Data, Agriculture, Water and the Environment Portfolio, Education, Skills and Employment Portfolio, Industry, Science, Energy and Resources Portfolio, Infrastructure, Transport, Regional Development and Communications Portfolio, Department of the House of Representatives. The measures are listed here, along with their expected start date. 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. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. their unique ability to care for Country and deep spiritual $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. . 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. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary The debt is set to be a burden for future . 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. 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. 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. broader aspirations in the 21st century and beyond. $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. 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. 3, Victorias Economic Bulletin, Volume 6, No. It presents the Appropriation Bills to Parliament. $1.1 billion now forecast in 2022-23. 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. communities to support the protection of Country, the $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. $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 Final Budget Outcome for 202122 financial year was released on 28September2022. $28.18 million to create liveable communities, boost jobs and support a neighborhood-focused economic recovery. Assets expenditure is focussed on maintaining existing assets or creating new assets. $49.73 million for water sector initiatives that improve the health of key waterways and provide immediate benefits to regionaleconomies. The government states that this new levy is targeted towards those large organisations that can absorb it. The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. 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. $10 million to support the delivery of the Climate Change Strategy and seizethe economicopportunities of the transition to netzero emissions. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. 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. Victorian Land Tax revenue is expected to increase by 15% in 2021-22 and will grow by 9% per annum over the forward estimates. 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. 1 and No. Yes, mental health and wellbeing are critical, as highlighted by the findings from the Royal Commission, and these mental health initiatives are welcome. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. 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. Ever since the pandemic reached our shores, weve acted quickly to protect our people and our economy.