Wednesday, 4 October 2023

 Tim PALLAS (Werribee – Treasurer, Minister for Industrial Relations, Minister for Economic Growth) (09:34): I move:

That I introduce a bill for an act to amend the Duties Act 2000, the First Home Owner Grant and Home Buyer Schemes Act 2000, the Land Tax Act 2005, the Local Government Act 1989, the Property Law Act 1958, the Sale of Land Act 1962, the Treasury Corporation of Victoria Act 1992, the Valuation of Land Act 1960 and the Windfall Gains Tax Act 2021 and for other purposes.

Motion agreed to.

 Brad ROWSWELL (Sandringham) (09:35): I seek a brief explanation of the new taxes imposed upon Victorians.

The SPEAKER: Order! Is that a request for a brief explanation of the bill?

Brad ROWSWELL: Yes, it is, Speaker.

 Tim PALLAS (Werribee – Treasurer, Minister for Industrial Relations, Minister for Economic Growth) (09:35): The bill includes vacant residential land tax reforms to encourage housing supply and consumer protection measures to increase transparency on purchase costs for property purchases. The bill also makes a number of amendments to Victoria’s taxation and land valuation laws to maintain the integrity and sustainability of the taxation system and land valuations, ensuring they continue to operate as intended.

Read first time.

Ordered to be read second time tomorrow.