Tuesday, 14 October 2025

 Danny PEARSON (Essendon – Minister for Economic Growth and Jobs, Minister for Finance) (12:07): I move:

That I introduce a bill for an act to amend the Commercial and Industrial Property Tax Reform Act 2024, the Congestion Levy Act 2005, the Duties Act 2000, the First Home Owner Grant and Home Buyer Schemes Act 2000, the Land Tax Act 2005, the Limitation of Actions Act 1958, the Taxation Administration Act 1997, the Building Act 1993 and the Domestic Animals Act 1994, to repeal the Taxation (Interest on Overpayments) Act 1986 and to make consequential amendments to other acts and for other purposes.

Motion agreed to.

 Jess WILSON (Kew) (12:08): I ask the minister for a brief explanation of the bill.

 Danny PEARSON (Essendon – Minister for Economic Growth and Jobs, Minister for Finance) (12:08): The bill amends Victoria’s taxation laws to give effect to several changes, including altering the congestion levy rate zones and exemptions that apply in Melbourne’s CBD and adjacent areas, excluding the alpine village of Dinner Plain from vacant residential land tax, introducing a new land tax exemption for low-value land with a non-permanent shelter being used as a residence, excluding New Zealand citizens from foreign purchaser additional duty, amending the registration fee for domestic animals and greyhounds and other amendments to ensure taxation laws continue to operate as intended.

Read first time.

Ordered to be read second time tomorrow.