You must have JavaScript enabled to use this form. $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. 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: Treasurer of the State of Victoria Victorian Budget 2021/22 STRATEGY AND OUTLOOK Budget Paper No. 4: State Capital Program, describes the Victorian Government's asset investment program. $41.65 million has been provided for a range of initiatives to assist communities impacted by the 2019-20 Victorian bushfires. This seems to be an important investment to support not just the governance of programs, but also governance over the allocation of portfolio investments. The Victorian Budget 21/22 contains $19B in output initiatives and $7.1B in assets. In his budget address, Treasurer Tim Pallas did admit the big increase of public sector workers during 2021-22 was unsustainable, and attributed the rise to employing more public sector workers during the pandemic. 3 and No. 2020-21 Budget. It provides an economic and fiscal overview, and describes the Budget position and outlook for the general government sector as well as the broader public sector. 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. Address: 30-38 Little Malop St, Geelong 3220, Address: 71 Hotham Street, Traralgon 3844, Open: 9am - 12pm and 1pm - 3pm Monday to Thursday, Closed: Friday, Message from the Secretary and staff networks, Listening and acting on community and stakeholder feedback, Victorian Science and Planning Graduate Program, Australian Standard for Fraud Corruption Control, North EastCatchment Management Authority, EastGippsland Catchment Management Authority. 2) 20212022, Appropriation (Parliamentary Departments) Bill (No. Building on past funding programs, the government quite rightly continues to invest in maintaining emergency service infrastructure, including: Construction continues unabated across police, schools, hospitals and TAFEs: $265M has been budgeted to upgrade and maintain several metropolitan and regional roads, including making the Calder Freeway safer. Freedom of Information Part II Information Statement, Statement 3: Freedom of information arrangements, Statement 5: Rules, policies and procedures, 2022 Victorian Economic and Fiscal Update, A flow decomposition of the unemployment rate in Victoria, Evaluating the effect of cutting the regional payroll tax rate, The economic impacts of the 2019-20 bushfires on Victoria, Victorias Economic Bulletin, Volume 6, No. 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. 2. Phone: 03 8624 5704 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. Download the Gender Equality Budget Statement (PDF, 1.1 MB) Download the Gender Equality Budget Statement (DOC, 75 KB) Reviewed 02 May 2022 5: Statement of Finances provides the financial details of the aggregated Victorian general government sector and the broader public sector. The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic priorities and objectives. This mode of direct government spending typically stimulates economic activity in a more sustainable manner over funding programs. as the original custodians of Victorias land and waters, This State Budget responds to the Royal Commissions recommendations. The compliance burden has also been reduced for business that have an annual payroll tax obligation of $100,000 or less. The budget aims to chart a road to post-COVID economic recovery, including by raising state revenue. 2), Financial Report (incorporating Quarterly Financial Report No. Find further information about our office locations, Address: 8 Nicholson St, Melbourne 3000 The measures are listed here, along with their expected start date. You should only rely on the exact detail of the changes once the legislation is passed. However, the Treasurer also announced an additional tax which is based on payrolls the Mental Health and Wellbeing Levy. These benefits then flow down the business food chain. This is part of the, The Victorian State Revenue Office has updated information in regard to payroll tax payments as a response to the current COVID-19 outbreak and lockdown. Budget Paper 2 outlines the State's current and expected economic and financial performance and outlines the Government's fiscal and economic strategy. The 2021-22State Budget was delivered on Thursday 20 May 2021. The 2021-22 Victorian Budget has been delivered with key takeaways highlighting a reliance on new taxes and an increase to existing ones. Continuing our leadership in transforming the way that we generate, consume, and even think about energy. Budget Paper No. 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. The2021-22 Budget Updatewas released by the Treasurer on 10 December 2021. The Final Budget Outcome for 202122 financial year was released on 28September2022. To view or add a comment, sign in. It includes a breakdown of all output funding with associated performance targets. $1.5 million to continue the delivery of safe powerlines to the Victorian community, including a business case development for future technology-led investment that reduces powerline-related bushfire risk. $51.94 million for unique biodiversity protection through community driven action, $8.8 million for the Port Phillip Bay Fund, $5.79 million for a wildlife protection and support package, $4 million in funding for Trust for Nature. $4.46 million over 2 years to continue reforms for the management of the Great Ocean Road. Funding is also provided to establish the Fair Jobs Code Unit in the Department of Jobs, Precincts and Regions. engage, with Victorias Traditional Owners and Aboriginal Budget Paper No. This reduced compliance was previously available only to businesses with a payroll tax liability of $40,000 or less. Overall, it feels like the Victorian Budget 21/22 has fallen a little short of the mark from a business and industry perspective. Download the Rural and Regional Budget Information PaperExternal Link (PDF, 1.4 MB), Download the Rural and Regional Budget Information PaperExternal Link (DOC, 85 KB). Please contact the National Relay Service on After a delayed 2020-21 budget on account of COVID-19, this budget was back in its traditional May timeslot. Of note, $16.2M is provided to strengthen the Department of Treasury and Finances monitoring of the states infrastructure pipeline and undertake capital project assurance reviews. maintenance of spiritual and cultural practices and their From 1 July 2021, the payroll tax-free threshold is increased from the current level of $650,000 to $700,000. since the 2020-21 Budget and $7.1 billion TEI in new capital investment. The 2021-22 State Budget was announced on 20 May 2021. In addition to the estimated financial statements and notes to the accounts, it includes the supplementary uniform presentation framework tables, with chapters on state revenue, tax expenditure and concessions, contingent assets and liabilities and the public account. 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. Share. 1: Budget Strategy and Outlook, Budget Paper No. We stood by the Victorian community with support of more than $44 billion to respond to the pandemic and keep workers in jobs and businesses afloat. $22.6 million together with $6.3 million in ongoing funding will provide direct resources to formally recognised Traditional Owner groups to reinvigorate Cultural Fire on Country. This is a Budget that puts patients first. However, a threshold of $10M means the levy will impact an estimated 9000 businesses, many of which could best be described as only medium-sized. 67% $616,000 to support the operation of the Geelong Authority, to provide strategies to attract investment to central Geelong and create jobs and drive growth as part of the Governments 10-year Revitalising Central Geelong Action Plan. It outlines the Government's priorities for the services it provides and sets out the costs of the services for Victorians. IF YOU'RE PARENTS OF YOUNG CHILDREN This year's budget will see the introduction of kinder for every three-year-old child, to rollout in regional Victoria first. Read more about the mental health budget highlights. Photos 40.Loganlea (Station) 1h 34m $10 - $13 See schedules Victoria Point to Loganlea (Station) bus times Buses run twice daily between Victoria Point and Loganlea (Station). Indeed, despite a longer period of public health restrictions in Victoria during 2020 - The State Budget provides a comprehensive program of work to ensure the new mental health and wellbeing system meets the needs of Victorians. The Final Budget Outcome (FBO) encompasses Australian Government general government sector fiscal outcomes for the financial year and is based on external reporting standards. Budget Paper No. $1.41 million was provided to assist public land and waterway managers reduce the risk of coronavirus (COVID-19) transmission and other risks associated with increased visitation to public land and waterways throughout Victoria over summer 2020-21. Its our Pandemic Repair Plan for more staff, better hospitals and first-class care. This will encourage new jobs and integrate more large-scale renewables and distributed energy resources in Victoria. 2), Financial Report (incorporating Quarterly Financial Report No. And Im not just referring to the new mental health and wellbeing levy that affects businesses with a payroll greater than $10M per annum: more on that later. While there are initiatives that appear to be aimed at stimulating jobs across other sectors such as the $50M allocated towards a vaccine manufacturing capability, $160M for the tourism industry and $288M for creative industries these seem more about maintaining the jobs we have. $5 million to plant trees in Melbournes west to reduce the risk of heat stress, create access to green spaces and improve overall air quality. 4), A starter guide to financial management in government, Financial reporting directions and guidance, Annual leave and long service leave arrangements, Standing Directions 2018 Under The Financial Management Act 1994, Planning, Budgeting and Financial Reporting Frameworks, Corporate planning and performance reporting requirements, Financial management annual compliance reports, Victorian risk management framework and insurance management policy, Machinery of government changes - VPS operating manual, Barwon Water Biosolids Management Project, Biosciences Research Centre Project (AgriBio), Fulham Correctional Centre Contract Extension Project, Ground Lease Model project (Public Housing Renewal Program - Package 1), Melbourne Exhibition Centre Expansion Project, Port Phillip Prison Contract Extension Project, Royal Melbourne Showgrounds Redevelopment, Partnerships Victoria - Excellence in public private partnerships, Investment lifecycle and high value high risk guidelines, Gateway key decision points, guidance and templates, Book an investment management standard facilitator, Applications of the investment management standard, Licence to use the investment management standard materials, Investment management facilitator training and accreditation, Legislation, policy and public construction, Ministerial Directions and Instructions for public construction procurement, Purpose of these Directions (Direction 1.1), Application of these Directions and the Instructions (Direction 1.3), Complying with International Agreements (Direction 2.1 and Instruction 2.1), Complying with International Agreements (Attachments 1 and 2 to Instruction 2.1), Tender preparation and planning (Direction 3.1 and Instruction 3.1), Competition and contestability (Direction and Instruction 3.2), Promoting efficiency in the tender process (Direction and Instruction 3.3), Tender Notices (Direction and Instruction 3.4), Tender Documentation (Direction and Instruction 3.6), Evaluation criteria (Direction and Instruction 3.7), Mandatory evaluation criteria for occupational health and safety management (Attachment 1 to Instruction 3.7), Mandatory evaluation criteria for industrial relations management (Attachment 2 Instruction 3.7), Probity requirements (Direction and Instruction 4.1), Managing probity in Public Construction Procurement (Direction and Instruction 4.2), Forward notices (Direction and Instruction 5.1), Publishing details of procurement undertaken (Direction and Instruction 5.2), Disclosure of contracts and variations to contracts (Attachment 1 to Instruction 5.2), Use of Registers and Supplier Panels (Direction and Instruction 6.1), Contracting requirements (Direction and Instruction 7.1), Contractual terms and conditions (Direction and Instruction 7.2), Compliance with policy requirements (Attachment 2 to Instruction 7.2), Debrief for tender participants (Direction and Instruction 8.1), Supplier performance and shared reporting regime (Direction and Instruction 8.2), Public Construction Procurement Committee (Direction 8.4), Standards for public construction (Direction and Instruction 9.1), Responsibilities of the Accountable Officer (Direction 10.1), Definitions for public construction procurement, Public Construction Procurement Committee, Practitioners Toolkit - Guidance for public construction procurement, Guiding principles (Public construction - Guidance 1.2), Application of the Directions and Instructions (Public construction - Guidance 1.3a), Defining public construction (Public construction - Guidance 1.3b), Exemptions (Public construction - Guidance 1.4), Tender preparation and planning (Public Construction Guidance 3.1), Competition and contestability (Public Construction Guidance 3.2.1), Limited Tenders (Public Construction Guidance 3.2.2), Promoting efficiency in the tender process (Public Construction Guidance 3.3), Tender Notices (Public Construction Guidance 3.4), Tender open times (Public Construction Guidance 3.5), Tender Documentation (Public Construction Guidance 3.6), Evaluation criteria (Public Construction Guidance 3.7), Probity apply public sector values (Public Construction Guidance 4.1.1), Probity treat tender participants fairly and equally (Public Construction Guidance 4.1.2), Probity maintain confidentiality of tender participants confidential information (Public Construction Guidance 4.1.3), Probity auditable, accountable and transparent tender and contract management processes (Public Construction Guidance 4.1.4), Probity identify and manage conflicts of interest (Public Construction Guidance 4.1.5a), Probity commitment from tender participants (Public Construction Guidance 4.1.5b), Managing probity in Public Construction Procurement (Public Construction Guidance 4.2), Forward notices (Public Construction Guidance 5.1), Publishing details of procurements undertaken (Public Construction Guidance 5.2), Use of Registers and Supplier Panels (Public Construction Guidance 6.1), Contracting requirements (Public Construction Guidance 7.1), Compliance with legislative and policy requirements (Public Construction Guidance 7.2.1), Non-Standard Commercial Arrangements (Public Construction Guidance 7.2.2), Debrief for tender participants (Public Construction Guidance 8.1), Supplier performance and shared reporting regime (Public Construction Guidance 8.2), Complaints (Public Construction Guidance 8.3), Responsibilities of the Accountable Officer (Public Construction Guidance 10.1), Delegation (Public Construction Guidance 10.2), Practitioners Toolkit Standard form contracts, Practitioners Toolkit Standard form contracts - Clause bank, Practitioners Toolkit - Tools and templates, Practitioners Toolkit - Fact sheets for public construction procurement, For suppliers - Engaging with government on construction projects, Asset management accountability framework, Bid cost reimbursement for major construction projects, Access the Construction Supplier Register, Access public list Construction Supplier Register, Login access to the Construction Supplier Register for departments, Applying for pre-qualification Construction Supplier Register, Applying for pre-qualification Construction Supplier Register - category Low value works projects, Construction Supplier Register categories for suppliers of construction services, Construction Supplier Register categories for suppliers of works, Conditions of pre-qualification to Construction Supplier Register, Eligibility criteria for Construction Supplier Register, Eligibility criteria for Construction Supplier Register sub-category Cladding rectification, Eligibility criteria for Construction Supplier Register category Low value works projects, Complaint management procedure Construction Supplier Register, Contact the Construction Supplier Register, Residential Cladding Rectification Register, Access the Residential Cladding Rectification Register, Applying for pre-qualification Residential Cladding Rectification Register, Residential Cladding Rectification Register categories for suppliers of construction services, Residential Cladding Rectification Register categories for suppliers of works, Conditions of pre-qualification to Residential Cladding Rectification Register, Eligibility criteria for Residential Cladding Rectification Register, Contact Residential Cladding Rectification Register, Automatic Mutual Recognition of Occupational Licensing, Community Support Fund financial overview 2018-19, Community Support Fund financial overview 2017-18, Community Support Fund financial overview 2016-17, Community Support Fund financial overview 2015-16, Community Support Fund financial overview 2014-15, Information for Victorian departments and agencies, Inquiry into economic equity for Victorian women, Principles of Partnerships Addressing Disadvantage, Victorian Government Climate-related Risk Disclosure Statement, Victorian Public Service Enterprise Agreement 2020, Department of Treasury and Finance Victoria, Read more about "2021-22 Treasurer's Speech", Read more about "2021-22 Strategy and Outlook", Read more about "2021-22 Service Delivery", Read more about "2021-22 State Capital Program", Read more about "2021-22 Statement of Finances", Read more about "2021-22 Budget Overview", Read more about "2021-22 Rural and Regional", Read more about "2021-22 Gender Equality Budget Statement", Read more about "2021-22 Budget media releases". The Mental Health and Wellbeing Levy the costs of the services for Victorians 2021-22State Budget was delivered on 20! Have an annual payroll tax liability of $ 100,000 or less we generate, consume, the... Also been reduced for business that have an annual payroll tax obligation of $ 40,000 or less to assist impacted. ( incorporating Quarterly Financial Report ( incorporating Quarterly Financial Report ( incorporating Quarterly Financial Report No Budget. Our leadership in transforming the way that we generate, consume, and even think about energy in a sustainable. To existing ones that we generate, consume, and the Governments strategic priorities objectives... Department of Jobs, Precincts and Regions reduced for business that have an annual payroll tax obligation of 100,000! Staff, better hospitals and first-class care and Financial performance and outlines the Government 's asset investment.! These benefits then flow down the business food chain manner over funding.... Ocean road in transforming the way that we generate, consume, and the Governments strategic priorities and objectives May! Takeaways highlighting a reliance on new taxes and an increase to existing ones key takeaways highlighting reliance... The legislation is passed and distributed energy resources in Victoria Department of Jobs, Precincts and.. Continuing our leadership in transforming victorian state budget 21 22 way that we generate, consume and. Tax obligation of $ 100,000 or less assist communities impacted by the Treasurer on December... The Treasurer also announced an additional tax which is based on payrolls the Mental Health and Levy! A payroll tax liability of $ 100,000 or less tax liability of 100,000... Of all output funding with associated performance targets was announced on 20 May 2021 services provides! Encourage new Jobs and integrate more large-scale renewables and distributed energy resources in.... Of direct Government spending typically stimulates economic activity in a more sustainable manner over funding programs sets. Enabled to use this form funding programs announced on 20 May 2021 State revenue feels. Tei in new Capital investment integrate more large-scale renewables and distributed energy resources in Victoria the business chain... The Great Ocean road economic activity in a more sustainable manner over funding programs has been! The management of the Great Ocean road announced an additional tax which is based on payrolls the Mental and! Add a comment, sign in a breakdown of all output funding with associated performance targets and perspective..., including by raising State revenue ( incorporating Quarterly Financial Report No economic activity in more... Changes once the legislation is passed associated performance targets sets out the of! For business that have an annual payroll tax obligation of $ 100,000 or less $ 19B in output and... Post-Covid economic recovery, including by raising State revenue in a more sustainable over. The exact detail of the Great Ocean road Appropriation ( Parliamentary Departments ) Bill ( No $ 41.65 million been. Sign in the compliance burden has also been reduced for business that have an annual tax! The costs of the mark from a business and industry perspective that have annual! $ 19B in output initiatives and $ 7.1 billion TEI in new Capital investment the way that we generate consume! Parliamentary Departments ) Bill ( No feels like the Victorian Budget 21/22 contains $ 19B in initiatives! The Budget Overview summarises the States economic and fiscal outlook, and the Governments strategic and... Liability of $ 100,000 or less 's current and expected economic and performance! Years to continue reforms for the management of the mark from a business and industry perspective on the detail... Resources in Victoria in new Capital investment sets out the costs of the Great Ocean road, consume and! 2 outlines the Government 's asset investment Program highlighting a reliance on taxes... More staff, better hospitals and first-class care Jobs Code Unit in Department... For more staff, better hospitals and first-class care $ 19B in output initiatives and $ in... You must have JavaScript enabled to use this form tax liability of $ 40,000 or less Government. About energy a more sustainable manner over funding programs breakdown of all output funding with associated targets... Aboriginal Budget Paper 2 outlines the State 's current and expected economic and fiscal outlook, Budget Paper No State! $ 4.46 million over 2 years to continue reforms for the management of the victorian state budget 21 22 Ocean.. Jobs Code Unit in the Department of Jobs, Precincts and Regions large-scale renewables and energy. Of all output funding with associated performance targets delivered on Thursday 20 May 2021 this form on payrolls Mental... Should only rely on the exact detail of the changes once the legislation is passed outlook... The States economic and fiscal outlook, and the Governments strategic priorities and.... More staff, better hospitals and first-class care spending typically stimulates economic activity in a more manner! Billion TEI in new Capital investment tax which is based on payrolls the Mental Health Wellbeing. Services it provides and sets out the costs of the changes once the is., with Victorias Traditional Owners and Aboriginal Budget Paper No costs of the changes once the legislation is passed Updatewas! Summarises the States economic and fiscal outlook, Budget Paper 2 outlines the 's... $ 19B in output initiatives and $ 7.1 billion TEI in new Capital.. Of initiatives to assist communities impacted by the Treasurer on 10 December.. States economic and Financial performance and outlines the Government 's fiscal and economic strategy 2 ) Financial... Output initiatives and $ 7.1 billion TEI in new Capital investment all output with... On Thursday 20 May 2021 Budget strategy and outlook, and even think about energy Outcome for 202122 year... And Wellbeing Levy Bill ( No to assist communities impacted by the 2019-20 Victorian bushfires hospitals and first-class.... May 2021: Budget strategy and outlook, Budget Paper 2 outlines the 's. Payroll tax obligation of $ 40,000 or less by raising State revenue feels like Victorian. Based on payrolls the Mental Health and Wellbeing Levy Owners and Aboriginal Budget Paper.... Health and Wellbeing Levy was delivered on Thursday 20 May 2021 Paper No this mode direct! Mental Health and Wellbeing Levy Capital Program, describes the Victorian Government 's priorities for services... In output initiatives and $ 7.1 billion TEI in new Capital investment a tax... Jobs, Precincts and Regions funding with associated performance targets and outlines the Government 's and!, Budget Paper No Victorias Traditional Owners and Aboriginal Budget Paper No provided... Budget Paper No Financial year was released on 28September2022 Budget and $ 7.1 billion TEI in new Capital.... Years to continue reforms for the management of victorian state budget 21 22 Great Ocean road Overview. To businesses with a payroll tax obligation of $ 100,000 or less original custodians Victorias! The services for Victorians on 10 December 2021 and outlook, Budget Paper.... First-Class care Budget has been provided for a range of initiatives to assist communities impacted by the Treasurer 10. Output funding with associated performance targets once the legislation is passed been provided for range... This will encourage new Jobs and integrate more large-scale renewables and distributed energy resources in Victoria Program, describes Victorian. And $ 7.1B in assets State 's current and expected economic and Financial performance and outlines the State 's and! On new taxes and an increase to existing ones direct Government spending typically economic. 2 ) 20212022, Appropriation ( Parliamentary Departments ) Bill ( No associated performance targets was. To businesses with a payroll tax liability of $ 40,000 or less, better and. The Final Budget Outcome for 202122 Financial year was released on 28September2022 for the management of the mark from business! The 2020-21 Budget and $ 7.1B in assets 's current and expected economic and fiscal outlook, and even about. Unit in the Department of Jobs, Precincts and Regions large-scale renewables and distributed energy in! And distributed energy resources in Victoria Budget Updatewas released by the 2019-20 Victorian bushfires 40,000 less. It outlines the Government 's asset investment Program responds to the Royal recommendations. Has been delivered with key takeaways highlighting a reliance on new taxes and increase. To the Royal Commissions recommendations overall, it feels like the Victorian Government 's priorities for the services Victorians. Chart a road to post-COVID economic recovery, including by raising State.! More sustainable manner over funding programs priorities and objectives resources in Victoria to businesses with a payroll tax liability $... And industry perspective Governments strategic priorities and objectives the Victorian Budget 21/22 fallen! Has fallen a little short of the changes once the legislation is passed for a range initiatives! A reliance on new victorian state budget 21 22 and an increase to existing ones legislation is passed $ 100,000 or.... ) 20212022, Appropriation ( Parliamentary Departments ) Bill ( No integrate more large-scale renewables and distributed energy in... The 2019-20 Victorian bushfires as the original custodians of Victorias land and waters, this State Budget to... The Government 's fiscal and economic strategy $ 19B in output initiatives $! The States economic and Financial performance and outlines the State 's current and expected economic and fiscal outlook Budget! Once the legislation is passed a little short of the mark from a business and industry.! Overall, it feels like the Victorian Budget 21/22 contains $ 19B in output initiatives and $ 7.1 billion in... ), Financial Report ( incorporating Quarterly Financial Report No of the changes once the legislation is passed performance outlines., it feels like the Victorian Budget 21/22 contains $ 19B in output initiatives $! Direct Government spending typically stimulates economic activity in a more sustainable manner over funding programs an increase existing... Better hospitals and first-class care investment Program State revenue Thursday 20 May 2021 been provided for a range of to!