Victorian 2020/21 Pre-Budget Submission
The Property Council's priorities for the 2020/21 Victorian Budget are:
- No new taxes, or tax increases, on the property sector;
- Exemptions for non-residential property from the Absentee Owner Surcharge on Land Tax;
- Reverse changes to economic entitlement provisions of the Duties Act;
- Exemptions from the retrospective application of increases to the Building Permit Levy;
- Implementation of the recommendations from the Red Tape Review;
- A package of supply-based affordability measures; and
- Permanent support for a Build-to-Rent asset class.