Treasurer Tim Pallas hopes changes to Victoria’s tax on vacant residential land will send a clear message to landowners to either develop vacant land or sell it to someone who will.
The Allan government will expand its tax on vacant residential land, introducing new legislation to include all of Victoria in the policy.Treasurer Tim Pallas announced Victoria will be expanding its tax on vacant residential land.Treasurer Tim Pallas announced the tax policy at a Property Council of Australia Breakfast.
He said this would also include changes to charges for land waiting to be developed but had been sitting unimproved.“Our clear message to the landowners is to either develop land or sell it to someone who will. “Similarly we’re not putting in place a rule for landowners that we as a state are not going to apply to ourselves.
“We expect every government agency that is holding land to justify exactly why are they holding that land and not putting it into the marketplace.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia news LIVE: RBA to decide on interest rates; Treasurer to release draft superannuation tax changesRBA will decide on whether to lift interest rates, Jim Chalmers puts super-sized retirement nest eggs in the firing line and the Voice debate continues.
Read more »
Australia news LIVE: RBA to decide on interest rates; Treasurer to release draft superannuation tax changesRBA will decide on whether to lift interest rates, Jim Chalmers puts super-sized retirement nest eggs in the firing line and the Voice debate continues.
Read more »
Jacinta Allan takes aim at pokies with first legislative moveThe new law will force all gaming machine areas in all venues, except Crown casino, to shut between 4am and 10am.
Read more »
Victorian Premier Jacinta Allan selects new cabinetVictoria is set to see fresh faces on its frontbench from both the ruling and opposition parties when parliament reconvenes on Tuesday. The reshuffle follows the rise of Jacinta Allan to the position of premier. Ms Allan, who became Victoria's 49th premier, was officially sworn in last Wednesday. While Ms Allan has made subtle adjustments to the government's machinery and departments, the Opposition isn't far behind in changes. The Opposition Leader has reintroduced Matthew Guy into the shadow cabinet, signalling a move 'back to the future'.
Read more »
Victorian Premier Jacinta Allan announces new cabinetNewly minted Victorian Premier Jacinta Allan has unveiled her cabinet less than a week after taking the state's top job.
Read more »
Jacinta Allan names her new cabinet, including her Big Build replacementNew Victorian premier Jacinta Allan has revealed who will take over her responsibility for delivering the state’s multibillion-dollar Big Build infrastructure program.
Read more »