Category: Treasurer

Jobs Growth Intact Despite Economic Headwinds

Despite global economic headwinds, the impacts of COVID-19 and bushfires, and a softening national economy, Victoria continues to lead the nation when it comes to jobs growth and infrastructure investment. The state’s mid-year financial report shows more than 90,000 people have found employment in the past 12 months ending January – the highest increase in […]

Categories: Media Release, Treasurer

Helping Hundreds Of Victorians To Buy Their First Home

The Andrews Labor Government is providing a vital helping hand to first home buyers struggling to enter the property market, with more than 250 properties purchased since the launch of the HomesVic shared equity scheme. Treasurer Tim Pallas today highlighted the success of the scheme, which allows participants to purchase homes with a smaller deposit […]

Categories: Media Release, Treasurer

Regional Businesses Saving Big On Payroll Tax

Businesses in regional Victoria are saving millions thanks to the Andrews Labor Government’s regional payroll tax cuts, with more savings on the horizon. More than 4,400 businesses in regional Victoria are forecast to share in $154 million in savings just this financial year. It includes savings of more than $31 million in Greater Geelong, almost […]

Categories: Media Release, Treasurer

Ballarat Businesses Saving Big On Payroll Tax

Businesses in Ballarat are saving millions thanks to the Andrews Labor Government’s regional payroll tax cuts, with more savings on the horizon. New data out today shows 422 Ballarat businesses are forecast to share in $14.8 million in savings just this financial year, after the payroll tax rate was slashed to 2.425 per cent in […]

Categories: Media Release, Treasurer, Western Victoria Region

Calling On Canberra To Make Superannuation Work For Women

It’s time the Commonwealth Government finally addresses the outdated superannuation system that sees Victorian women retire with much lower superannuation balances than men. The Andrews Labor Government’s submission to the Commonwealth’s Review of the Retirement Income System makes a number of recommendations aimed at making sure women enjoy the same financial security in retirement as […]

Categories: Media Release, Treasurer

Building Approvals Bounce Back Despite Economic Headwinds

In the face of global and domestic economic headwinds, building approvals have rebounded to their strongest result in more than two years. New Australian Bureau of Statistics data shows Victoria recorded $4.3 billion of approved buildings in December 2019. It means Victoria leads the mainland states for both the value of residential and non-residential building […]

Categories: Media Release, Treasurer

Supporting Farmers Through Bushfire Recovery

The Victorian Government is backing farmers affected by the ongoing bushfires with additional assistance to keep their farms running and livestock safe and healthy. Treasurer Tim Pallas today announced that the Labor Government would provide subsidies for primary producers, including apiarists, to pay for emergency farm transport, taking the total of Victorian and Commonwealth recovery […]

Categories: Media Release, Treasurer

Saving Victorians Millions On Their First Home

Victorians buying their first home have collectively saved more than $735 million this year thanks to the Andrews Labor Government’s stamp duty concessions. Under sweeping changes introduced by the Labor Government to make it easier for people to get into the property market, first home buyers in Victoria get stamp duty discounts on houses up […]

Categories: Media Release, Treasurer

Regional Victoria Leads Jobs Growth

Regional Victoria leads the states in jobs growth and has the lowest unemployment rate, despite a softening national economy The Australian Bureau of Statistics today confirmed 20,000 people found work regional Victoria in the three months to November, including 8,400 new jobs in Ballarat, 4,300 in Geelong and 2,600 new jobs in Hume. Regional Victoria’s […]

Categories: Media Release, Treasurer

Nearly 520,000 Victorian Jobs Created In The Past Five Years

Victoria continues to lead the country in jobs growth despite a softening national economy, thanks to the Andrews Labor Government’s continued investments in health, education, roads and public transport. Despite a downturn in Australia’s economy, a property slump and falling consumer confidence, Victoria’s economic fundamentals are strong. New Australian Bureau of Statistics data confirms that […]

Categories: Media Release, Treasurer