Ever since the pandemic reached our shores, weve acted quickly to protect our people and our economy. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. Funding is also provided to sustain the tram Automatic Vehicle Monitoring system, which manages and monitors tram services. The 2021-22 State Budget was announced on 20 May 2021. This reduced spend is part of the Victorian governments strategy to achieve base review savings of $1.7B over four years. Victorian treasurer Tim Pallas is congratulated by premier Daniel Andrews after delivering the 2022 budget. culture and traditional practices. 20/05/21. Open: 9am to 5pm, Monday to Friday, Address: 402 Mair St, Ballarat 3350 The budget aims to chart a road to post-COVID economic recovery, including by raising state revenue. 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 is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. their unique ability to care for Country and deep spiritual 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. It also includes capital programs and projects currently underway or in progress, and lists projects expected to be completed in the coming year. 3: Service Delivery provides an overview of the goods and services funded by the Government. $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. 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 Publication DOCX PDF; Final Budget Outcome 2021-22 : 3.1MB: Preliminaries: 62KB: 296KB: Part 1: Australian Government Budget Outcome 2021-22: 212KB: 808KB: Part 2: Australian Government Financial Statements: 271KB: 1.8MB: 4). 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 Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. A key role of the PBS is to facilitate the understanding of proposed annual appropriations in Appropriation Bills No. Local news, sports, business, politics, entertainment, travel, restaurants and opinion for Seattle and the Pacific Northwest. This mode of direct government spending typically stimulates economic activity in a more sustainable manner over funding programs. Payroll tax. The PAES facilitate understanding of the proposed appropriations in Appropriation Bills (No. The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills. As such, the PAES provides information on new measures and their impact on the financial and non-financial planned performance of agencies. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. Savings could have been made by a stronger focus on efficiency gains, delivered in partnership with business, rather than raising taxes. The budget papers on Tuesday will. 2), Financial Report (incorporating Quarterly Financial Report No. $20 million for the kids free policy at Zoos Victoria on weekends, Victorian public holidays and school holidays to encourage Victorian families to visit our world class zoos. 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. The government states that this new levy is targeted towards those large organisations that can absorb it. However, the eye-watering number is not as high as originally forecast last year, with a $23.3 billion deficit initially predicted in November. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. or $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. Further information can be accessed under State Budget papers. Phone: 03 9210 9222 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. Featured videos. The Final Budget Outcome (FBO) encompasses Australian Government general government sector fiscal outcomes for the financial year and is based on external reporting standards. $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 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. 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. 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. 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. 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. Visit budget.vic.gov.au. $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. * 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. Photos 40.Loganlea (Station) 1h 34m $10 - $13 See schedules Victoria Point to Loganlea (Station) bus times Buses run twice daily between Victoria Point and Loganlea (Station). Thus the increased wages bill should not be attributed solely to COVID support measures. It includes a breakdown of all output funding with associated performance targets. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. 3, Victorias Economic Bulletin, Volume 6, No. 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. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. 67% However, there are very real and obvious savings that could be generated through consolidating and transforming public sector operations. 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. 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. 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. $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 budget announced $180M in digital service delivery. $76.43 million to ensure the EPA continues to provide vital regulatory functions and effectively implements Victorias new environment protection framework. Bringing the Commonwealth Games to our regions. Like it or not, government and industry operate in an ecosystem; they rely on each other for contracts, products and services. 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. Funding is also provided to establish the Fair Jobs Code Unit in the Department of Jobs, Precincts and Regions. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. There is a similarly . Following the trend set by the Australian Government, the Victorian Budget 21/22 continues to focus on fiscal policy to generate economic growth. $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. 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. Explore our solutions Win more government business and contracts. 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. Download the Suburban Budget Information PaperExternal Link (PDF, 1.3 MB), Download the Suburban Budget Information PaperExternal Link (DOC, 84 KB). The Victorian Budget 2022/23 includes a range of initiatives demonstrating the Victorian Governments commitment to equality for all Victorians. $464M is also going to VicTrack for regional rail sustainability. To view or add a comment, sign in. 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. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. as the original custodians of Victorias land and waters, The VSA will provide a new focus for state-wide and local problem-solving to support skills supply, strengthen the quality of teaching and training, and drive collaborative innovation across the vocational educational and training sector. Budget Paper No. But I wonder whether they could have been funded equally well through other efficiency measures. 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. 21 hours ago . knowledge and wisdom has ensured the continuation of This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. 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. Funding is also allocated to continue St Kilda Road tram services during construction of the Melbourne Metro Tunnel. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. engage, with Victorias Traditional Owners and Aboriginal $28.18 million to create liveable communities, boost jobs and support a neighborhood-focused economic recovery. 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. The Victorian Academy of Teaching will be a new specialist statutory entity with a dedicated focus on delivering advanced professional learning for Victorian teachers and educational leaders. Victorian State Budget 2021-22 The Victorian Treasurer, Tim Pallas MLA, handed down the Victorian State Budget on Thursday 20 May 2021. 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 $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. For business, Eye on Government, Mia View, Please select the file you would like to download, Seasons greetings Mias Top 5 posts for 2022, Mia ebook_10 tips for Winning Government Business_V1pdf, Mia ebook_10 tips enhancing tendering_v1pdf, Ethical supplier register | Buying for Victoria, $7.2M over four years is provided to continue the three streams of the, Close to $93.2M has been allocated to continue the delivery of key forensic services at the, $69.7M plus $24.4M in asset funding is provided to the, $133.4M to transition the Department of Environment, Land, Water and Plannings emergency management user base from an analogue radio communication system to an encrypted. 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. You should only rely on the exact detail of the changes once the legislation is passed. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. Find out about DELWP's Victorian State Budget 2020-21 allocation. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. $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. Open: 8.30am to 4.30pm, Monday to Friday, Address: 1-7 Taylor St, Epsom 3551 $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. $5.8 million tohelpthe North EastCatchment Management Authority and EastGippsland Catchment Management Authority deliver the Restoring Waterways and Catchments (bushfire recovery) project. $46 million to fund a $3,000 subsidy for Victorians who purchase Zero Emissions Vehicles. 1: Budget Strategy and Outlook, Budget Paper No. Open: 8.30am to 4.30pm, Monday to Friday, DELWP creates thriving environments and communities. 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. Download the Budget OverviewExternal Link (PDF, 2.4 MB), Download the Budget OverviewExternal Link (DOC, 115 KB). There is also some much-needed leadership on climate action, which young people see as essential to their future. $6.56 million to continue the implementation of Plan Melbourne, the Governments metropolitan planning strategy guiding Melbournes growth and infrastructure until 2050. The Secretary Department of Treasury and Finance 1 Treasury Place Melbourne, Victoria, 3002 . $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. $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. 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. > 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. For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. 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. 2020-21 Budget. . Download Budget Paper 3: Service DeliveryExternal Link (PDF, 3.2 MB), Download Budget Paper 3: Service DeliveryExternal Link (DOC, 1.1 MB). Budget Paper No. Open: 9am to 4.30pm, Monday to Friday, Address: 71 Hotham Street, Traralgon 3844 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. The Victorian Government acknowledges Aboriginal Traditional Owners of Country throughout Victoria and pays respect to their cultures and Elders past, present and emerging. You must have JavaScript enabled to use this form. Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. 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. $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. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. Output initiatives are those that involve operational expenditure and can include consultancies and contracts, as well internal costs. 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. 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. The2021-22 Budget Updatewas released by the Treasurer on 10 December 2021. The measures are listed here, along with their expected start date. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary 133 677 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. 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; Phone: 03 8624 5704 The budget papers forecast this revised wages policy will deliver $1.88B in savings over the forward estimates (over four years). Which brings me to the new mental health and wellbeing levy, an additional payroll tax that kicks in at an annual payroll of $10M. 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. 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. 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. The Victorian Budget 2020-21 includes a number of announcements related to legislation administered by the State Revenue Office.. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. Treasurer of the State of Victoria Victorian Budget 2021/22 SERVICE DELIVERY Budget Paper No. 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. 2, Victorias Economic Bulletin, Volume 6, No. $5.3M is provided for a project establishment team to start implementing the governments response to the inquiry into the Victorian On-Demand Workforce. This measure is expected to apply from Friday 21 May 2021. Response to the inquiry into the Victorian Budget 2020-21 allocation of each outcome proposed in Bills. Information, explanation and justification to enable Parliament to understand the purpose of outcome! 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Budget invests a record $ 3.8 billion in mental health and wellbeing view or add comment!, the payroll tax-free threshold is increased from the current level of $ 650,000 to $ 700,000 the. A record $ 3.8 billion in mental health and wellbeing measures and their impact on the exact detail of Melbourne.
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