Category: Treasurer

Nearly Half A Million Jobs Created In Victoria Under Labor

Nearly half a million jobs have been created in Victoria since the Andrews Labor Government was first elected – with more than 20,000 jobs created in the last month alone. Australian Bureau of Statistics data released today shows 20,300 jobs were created in Victoria in August – more than in any other state in the […]

Categories: Media Release, Treasurer

Victoria Ahead Again On Key Economic Indicator

Victoria’s economy continues to set the pace nationally, with our domestic final demand the highest of all the states. New ABS data shows Victoria’s state final demand grew 1.9 per cent over the year – the highest growth of the mainland states – and almost double the national final demand, which grew by 1.0 per […]

Categories: Media Release, Treasurer

Bringing Ballarat’s Historic Theatre Back To Life

Works are underway to restore Ballarat’s nearly 150-year-old Her Majesty’s Theatre, thanks to support from the Andrews Labor Government. Treasurer Tim Pallas today visited the theatre to announce $10 million for stage three of restoration works, which will bring the theatre up to modern standards, create construction jobs and breathe new life into Ballarat’s performing […]

Categories: Media Release, Treasurer

Victoria National Leader On Infrastructure Management

Victoria is leading the nation in planning and managing infrastructure projects by heading up the development of an Australian Building Information Modelling (BIM) Strategic Framework. The framework was endorsed by the Board of Treasurers earlier this month, for proposed implementation by all state and territory governments across Australia. The framework will standardise approaches to using […]

Categories: Media Release, Treasurer

New Approach To Reduce Homelessness For Victorians

Nearly 60 Victorians experiencing chronic homelessness have moved into stable housing, thanks to an innovative partnership led by the Andrews Labor Government. The Journey to Social Inclusion program is a joint project with Sacred Heart Mission, supported by NAB, which aims to deliver long-term housing and improved health and wellbeing outcomes for vulnerable Victorians. It […]

Categories: Media Release, 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