Oz Blog News Commentary

Pallas backhands ‘Tennis Court Exemption’ as Vic’s finances shrink away

May 27, 2019 - 11:50 -- Admin

Victorian Treasurer Tim Pallas has pre-announced Land Tax changes ahead of Monday night’s state budget. Expect a dramatic budget contraction as Victoria’s key ‘own revenue’ source, Stamp Duty, has shrunk with the fall in both property transaction volumes and prices. “The government says stamp duty revenue will collapse by an average of $1.3 billion a […]