Category: Treasurer

More Than A Billion Dollars Saved For First Home Buyers

Victorians buying their first home have saved more than a billion dollars thanks to stamp duty concessions and first home owner grants introduced by the Andrews Labor Government. In the two years since the Labor Government slashed stamp duty payments to make it easier to get into the property market, Victorians have saved a collective […]

Categories: Media Release, Treasurer

Victoria Leading The Nation In Retail Trade Growth

Victoria’s strong economic record continues, with the state recording the country’s strongest retail trade growth in May. Australian Bureau of Statistics data shows Victoria’s retail trade grew by a total of $45.6 million in May – the strongest performance in the nation and well above the national total of $27.3 million. Over the past 12 […]

Categories: Media Release, Ministers, Treasurer

Supporting All Parents And Business When Bub Comes

The Andrews Labor Government is making things fairer for new parents and the businesses they work for, with some simple changes to payroll tax laws. From 1 July, the payroll tax exemption for wages paid to employees on maternity leave will be expanded to include all types of parental leave, including paternity leave. This will give […]

Categories: Media Release, Treasurer

Slashing Stamp Duty In Half To Boost Regional Businesses

The Andrews Labor Government is making it even easier for businesses to establish and expand in regional Victoria by cutting stamp duty by 50 per cent. From today, commercial and industrial properties in regional Victoria will receive a duty concession of 10 per cent, which will increase by 10 percentage points each year reaching 50 per cent by 1 July 2023. The concession for commercial and […]

Categories: Media Release, Treasurer

Promoting Victoria On The Global Stage

Treasurer Tim Pallas will promote Victoria’s investment opportunities and meet with major industry partners on a two-week international trade mission. Together with senior leaders from the Treasury Corporation of Victoria, the three-country tour includes stops in London, Madrid, Beijing and Nanjing. The visit will provide numerous opportunities for engagement with key players in the international […]

Categories: Media Release, Treasurer

Three More Level Crossings To Go In Melbourne’s West

Two Werribee CBD locations and Hoppers Crossing will soon be level-crossing free thanks to the Andrews Labor Government – boosting safety, busting congestion and making the suburbs easier to get around. Treasurer Tim Pallas today announced designs to banish the boom gates and better connect communities at three locations along the Werribee line – at […]

Categories: Media Release, Treasurer

Revealing The True Size Of Australia’s Gig Workforce

The Andrews Labor Government is helping shine more light on Australia’s gig economy, with new research showing that 7 per cent of working Australians have used a digital platform over the past twelve months to access work. A survey jointly conducted by Queensland University of Technology, the University of Adelaide and University of Technology Sydney […]

Categories: Media Release, Treasurer

More Than 478,000 Jobs Created In Victoria Under Labor

Victoria’s jobs growth is the highest among the states with more than 478,000 jobs created since the Andrews Labor Government was elected in November 2014. According to the latest Australian Bureau of Statistics Labour Force data, 68 per cent of those 478,800 jobs are full time. The data shows that Victoria’s employment grew by 125,200 […]

Categories: Media Release, Treasurer

Melbourne Chosen As Launch City For Uber Air

Melbourne will join Dallas and Los Angeles as one of the launch cities for the aerial ridesharing service Uber Air, the first city chosen outside the United States to trial the service. Uber Elevate, the division of Uber developing the ambitious ridesharing mode, plans to begin demonstrator flights in late 2020 and ahead of launching […]

Categories: Media Release, Treasurer

New Business Growth Fund To Create Jobs

The Andrews Labor Government will establish a $250 million Victorian Business Growth Fund for small and medium enterprises to help them access capital and create jobs to grow the Victorian economy. Treasurer Tim Pallas today announced a $50 million contribution towards the Fund, which will be developed with leading industry superannuation groups First State Super […]

Categories: Media Release, Treasurer