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Land banking under fire: VRLT expands to undeveloped sites from 2026
Client Alert Land banking under fire: VRLT expands to undeveloped sites from 2026
From 2026, Victoria’s VRLT will apply to long-term undeveloped land in metro Melbourne, targeting land banking and encouraging residential development. The expansion follows 2025 reforms aimed at improving housing affordability and supply.
Kristina Popova
Kristina Popova
| 5 min read | 26 Sep 2025
New South Wales budget outlines pathway to surplus
Client Alert New South Wales budget outlines pathway to surplus
The New South Wales (NSW) State Government led by Labor Premier Chris Minns handed down the state’s budget on Tuesday 24 June 2025.
Kristina Popova
Angela Spowart
| 4 min read | 26 Jun 2025
Queensland Budget facing ongoing deficits
Client Alert Queensland Budget facing ongoing deficits
On Tuesday 24 June 2025, Queensland Treasurer David Janetzki handed down the Queensland State Budget – the first LNP budget in the state since 2014, following the Crisafulli Government’s win in the 2024 election.
Kristina Popova
Sian Sinclair
Andrew Cornes
| 6 min read | 25 Jun 2025
Western Australian budget signals local manufacturing agenda
Client Alert Western Australian budget signals local manufacturing agenda
The Western Australia Treasurer Rita Saffioti handed down the state’s budget on Thursday 19 June 2025, the Cook Government’s first budget after being elected for a third term.
Kristina Popova
Kim Hayman
| 4 min read | 20 Jun 2025
South Australian State Budget includes spending towards COP31
Client Alert South Australian State Budget includes spending towards COP31
On Thursday 5 June South Australian Treasurer Stephen Mullighan delivered the state budget, focusing on housing, crime and cost of living. This budget forecasted a surplus of $18m for 2024-25, with the government estimating surpluses for the next four years. The net operating surplus is estimated to be $315m by 2028-29.
Kristina Popova
David Mullins
| 4 min read | 06 Jun 2025
Key takeaways from the Tasmanian State Budget
Client Alert Key takeaways from the Tasmanian State Budget
Tasmanian Treasurer Guy Barnett delivered his first state budget on Thursday 29 May alongside Premier Jeremy Rockliff.
Kristina Popova
Nick Mellos
| 3 min read | 30 May 2025
Victorian State Budget: a focus on cost of living and no new taxes
Client Alert Victorian State Budget: a focus on cost of living and no new taxes
On Tuesday 20 May 2025 Victoria’s first female Treasurer, Jaclyn Symes, delivered her inaugural budget alongside Premier Jacinta Allan. For the first time in five years, the state reported an operating surplus at $600m, with projected surpluses of $1.9b in 2026–27, $2.4b in 2027–28, and $1.5b in 2028–29. Net debt is $167.6b, with it forecasted to increase to $194b by 2028-29.
Kristina Popova
Nick Mellos
| 4 min read | 21 May 2025
Northern Territory delivers first budget under Country Liberal Party
Client Alert Northern Territory delivers first budget under Country Liberal Party
Alongside Chief Minister Lia Finocchiaro, Treasurer Bill Yan focused on reducing crime and increasing public service employee costs in supporting hospital and correction services.
Kristina Popova
David Mullins
| 5 min read | 14 May 2025
Wine not? Primary production land tax exemption no longer on the vine
Client Alert Wine not? Primary production land tax exemption no longer on the vine
For wine producers and vineyard owners, the recent New South Wales Civil and Administrative Tribunal decision in Zonadi Holdings Pty Ltd ATF Wombat Investment Trust v Chief Commissioner of State Revenue [2025] NSWCATAD 84 may spell trouble for their current primary production land tax exemptions.
Kristina Popova
Kristina Popova
| 7 min read | 09 May 2025
Victoria introduces Short Stay Levy
Client Alert Victoria introduces Short Stay Levy
In a move to encourage property investors to make their homes available for long term rentals, the Short Stay Levy Act 2024 will come into effect on 1 January 2025, imposing a levy on the booking fees paid for short stays on Victorian properties.
Kristina Popova
Kristina Popova
| 5 min read | 14 Nov 2024
Victorian Court of Appeal confirms stamp duty on shares acquired in a landholder by unrelated investors
Client Alert Victorian Court of Appeal confirms stamp duty on shares acquired in a landholder by unrelated investors
The Victorian Supreme Court of Appeal has confirmed the Commissioner’s assessment of stamp duty on an ‘arrangement’ involving the acquisition of shares by unrelated investors in a land holding SPV.
Kristina Popova
Kristina Popova
| 7 min read | 15 Aug 2024
Australian Capital Territory spends on health
Client Alert Australian Capital Territory spends on health
On Tuesday 25 June 2024, Chief Minister Andrew Barr handed down the Territory’s Budget. A predicted $830.8m deficit for 2023-24 will likely return to an estimated surplus of $179.5m by 2027-28.
Kristina Popova
Vince Tropiano
| 5 min read | 24 Jun 2024
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