The Victorian Government delivered the 2021-22 State Budget on Thursday 20 May 2021. Phone: 03 5336 6856 broader aspirations in the 21st century and beyond. TheVSA will be an anchor organisation, bringing together industry, providers and other stakeholders to produce insights on priority training areas, and inform an annual Victorian Skills Plan to better guide training delivery where its needed most. If you are a provider of uniforms or workwear you are encouraged to visit Ethical supplier register | Buying for Victoria for further information. 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. 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. 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. 2. Budget Paper 5 provides the financial details of the aggregated Victorian general government sector and the broader Victorian public sector. It's our Pandemic Repair Plan for more staff, better hospitals and first-class care. The purpose of the Portfolio Additional Estimates Statements (PAES) is to inform Senators and Members of Parliament and the public of the proposed allocation of resources to government outcomes by agencies within the relevant portfolio. $8.4 million to ensure water markets are working effectively for irrigation communities and provide extension services to capture the benefits of the Goulburn Murray Water Efficiency Project. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. 2021-22 Budget Update Each year, the Victorian Government produces a mid-cycle review of the annual State Budget. 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. The Victorian Government's net debt is projected to rise to $154.8 billion by the year 2023-24, with net debt in 2020-21 a colossal $86.7 billion. Yes, mental health and wellbeing are critical, as highlighted by the findings from the Royal Commission, and these mental health initiatives are welcome. Please contact the National Relay Service on Historical Budget documents are available for reference purposes. Visit budget.vic.gov.au. The levy or surcharge will be 0.5% on wages in excess of $10m and 1% on those in excess of $100m. Investing in bushfire preparedness to ensure were adapting to a rapidly changing climate. Further information can be accessed under State Budget papers. $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. Thus the increased wages bill should not be attributed solely to COVID support measures. 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. There is a similarly . For regional employers, from 1 July 2021, the payroll tax rate is reduced from 2.02% to 1.2125%. $8.74 million over 2 years for the Conservation Regulator to ensure the effective regulation and protection of Victorias wildlife and forests. Download the Suburban Budget Information PaperExternal Link (PDF, 1.3 MB), Download the Suburban Budget Information PaperExternal Link (DOC, 84 KB). Payroll tax. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. While the full details have yet to be released, we can provide the following summary of the relevant state tax measures which have been announced. This will encourage new jobs and integrate more large-scale renewables and distributed energy resources in Victoria. 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. Assets expenditure is focussed on maintaining existing assets or creating new assets. Its our Pandemic Repair Plan for more staff, better hospitals and first-class care. This builds on the Federal and State Budgets Parliament Sitting Dates Bolster your government market strategy Intermedium connects the dots between government spending and supplier opportunities, taking the guesswork out of the market and strengthening your next bid or proposal. Whereas the Mid-Year Economic and Fiscal Outlook is a mid-year budget report which provides updated information to allow the assessment of the Government's fiscal performance against its fiscal strategy, the PAES update the most recent budget appropriations for agencies within the relevant portfolio. From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. 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. They can move to annual reporting and payment rather than monthly, from 1 July 2021. Photograph: Joel Carrett/AAP Tue 3 May 2022 13.30 EDT Last modified on Wed 4 May 2022. 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 The Final Budget Outcome for 202122 financial year was released on 28September2022. 3, Victorias Economic Bulletin, Volume 6, No. These services will focus on early intervention, so Victorians get the care they need much sooner to improve their wellbeing. Phone: 03 9210 9222 east Strata parking rules If you own a car, check whether your lot includes a parking space and how you are allowed to use that space. 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. 1, Victorias Economic Bulletin, Volume 6, No. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. The Victorian Skills Authority (VSA) will support implementation of the Skills for Victorias Growing Economy review recommendations. It also includes capital programs and projects currently underway or in progress, and lists projects expected to be completed in the coming year. www.relayservice.gov.au. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. $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 measures are listed here, along with their expected start date. 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: $41.65 million has been provided for a range of initiatives to assist communities impacted by the 2019-20 Victorian bushfires. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. 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. . The Budget delivers $1.5 billion in community-based care, so Victorians can access services closer to home. Not only does the Victorian Budget 21/22 have minimal spend for businesses outside construction and infrastructure, it also carries a Department of Premier and Cabinet directive to reduce spend on consultancies and contractors. Improving our states planning system and speeding up the delivery of housing and infrastructure projects in our growing communities. 4, Mid-Year Financial Report (inc. Quarterly Financial Report No. 4). This is a Budget that puts patients first. The Rural and Regional Budget Information Paper summarises the Governments priorities for rural and regional Victoria. $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. You must have JavaScript enabled to use this form. Such an approach would in turn lead to more sustainable job gains. Not to mention the numerous authorities that have sprung up across government in recent times, each with their own corporate functions, infrastructure costs, etc. The Royal Commission into Victoria's Mental Health System outlined a 10-year plan to transform the state's mental health and wellbeing system. This reduced spend is part of the Victorian governments strategy to achieve base review savings of $1.7B over four years. Clause 14 of the Charter of Budget Honesty requires the release of a MYEFO each year by the end of January, or six months after the last budget, whichever is later. These benefits then flow down the business food chain. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. The Rural and Regional Budget Information Paper summarises the Governments priorities for rural and regional Victoria, including projects in jobs, education, health, emergency services and infrastructure investment. $5.8 million tohelpthe North EastCatchment Management Authority and EastGippsland Catchment Management Authority deliver the Restoring Waterways and Catchments (bushfire recovery) project. The 2021-22 Victorian State Budget Published: 20 May 2021 The 2021-22 Victorian State Budget has been tabled in parliament by the Treasurer, Tim Pallas MP. Unique Homes. The Budget papers are split into five sections and are supported by Budget Information Papers (BIPs). Download Budget Paper 5: Statement of FinancesExternal Link (PDF, 2.8 MB), Download Budget Paper 5: Statement of FinancesExternal Link (DOC, 1.4 MB). Funding is provided to support the operation of Ethical Clothing Australia and the accreditation process for the Ethical Supplier Register. A shift which may have implications for medical practices in regard to payroll tax obligations. 1:01pm May 20, 2021 Victoria has recorded a monster deficit of $17.4 billion in the 2020-21 financial year and is forecast to remain in a shortfall until at least 2025, according to the State Budget. The Final Budget Outcome for 202122 financial year was released on 28 September 2022. Budget highlights Pandemic Repair Plan Creating decent, secure jobs Building a world-class education system $2.5 million to support a zero-tolerance approach to water theft by strengthening compliance and enforcement approaches, investing in measures to maintain confidence in water reliability for entitlement holders and addressing the risks posed by climate change to water availability. The 2021-22 Victorian State Budget invests a record $3.8 billion in mental health and wellbeing. 6:19 am 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. $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. The following Australian Government Agencies' held their Portfolio Aditional Estimate Statements on their websites at the time of release. 2, Victorias Economic Bulletin, Volume 6, No. The2021-22 Budget Updatewas released by the Treasurer on 10 December 2021. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. The government states that this new levy is targeted towards those large organisations that can absorb it. 2), Financial Report (incorporating Quarterly Financial Report No. Deaf, hearing or speech impaired? 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. Category Visit the Victorian Budget website for more information. The measures are listed here, along with their expected start date. 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