State Taxation and Other Acts Amendment Bill 2016
The Property Council has called on Government to make a number of amendments to the State Taxation and Other Acts Amendment Bill 2016, which will enact the increased surcharges on foreign investors announced in the 2016-17 Victorian State Budget.
In a letter addressed to the Victorian Treasurer, the Property Council has presented our concerns with various propositions in the Bill and the lack of certainty being provided to industry by key Government authorities in the implementation of the foreign investor duty and absentee owner surcharge.
The letter to the Treasurer can be downloaded from the link below.