Tuesday, 20 May 2025

State Taxation Acts Amendment Bill 2025

Introduction and first reading

Danny PEARSON (Essendon – Minister for Economic Growth and Jobs, Minister for Finance) (12:59): I move:

That I introduce a bill for an act to amend the Commercial and Industrial Property Tax Reform Act 2024, the Duties Act 2000, the First Home Owner Grant and Home Buyer Schemes Act 2000, the Land Tax Act 2005, the Payroll Tax Act 2007, the Taxation Administration Act 1997, the Unclaimed Money Act 2008 and the Victorian Conservation Trust Act 1972 and for other purposes.

Motion agreed to.

James NEWBURY (Brighton) (13:00): I seek a brief explanation of the bill.

Danny PEARSON (Essendon – Minister for Economic Growth and Jobs, Minister for Finance) (13:00): The State Taxation Acts Amendment Bill 2025 amends Victoria’s taxation laws to ensure they continue to operate as intended, including by amending the Duties Act 2000, the Land Tax Act ‍2005, the Payroll Tax Act 2007 and the Taxation Administration Act 1997. The bill also includes tax relief measures to support victim-survivors of family violence and extends the temporary off-the-plan stamp duty concession.

Read first time.

Ordered to be read second time tomorrow.