Victorian 2020/21 Pre-Budget Submission

The Property Council’s priorities for the 2020/21 Victorian Budget are:

  1. No new taxes, or tax increases, on the property sector;
  2. Exemptions for non-residential property from the Absentee Owner Surcharge on Land Tax;
  3. Reverse changes to economic entitlement provisions of the Duties Act;
  4. Exemptions from the retrospective application of increases to the Building Permit Levy;
  5. Implementation of the recommendations from the Red Tape Review;
  6. A package of supply-based affordability measures; and
  7. Permanent support for a Build-to-Rent asset class.