News and updates

On Friday 13 December 2024, the Victorian Government announced changes to the congestion levy, pending Royal Assent.

Our customer service centre is closing over the Christmas-New Year period. 

The State Taxation Further Amendment Act 2024 received Royal Assent on Tuesday 3 December 2024.

At the request of industry, the Commissioner has extended the voluntary disclosure program and penalty tax amnesty to include requests for private rulings on capital raisings in landholders.

The State Revenue Office 2023–24 Annual Review is now available.

From 1 January 2025, the short stay levy will apply to short stays in Victorian properties where a fee is charged, after the Short Stay Levy Act 2024 received Royal Assent on 29 October 2024.

On 21 October 2024, the Victorian Government announced a new temporary off-the-plan land transfer (stamp) duty concession.

Following consultation, we have published new ruling DA-068.

We have published revised ruling LTA-006v2, which provides guidance on what constitutes the preparation of land for the purposes of primary production land tax exemption.

On 8 August 2024, the Court of Appeal handed down its decision in Oliver Hume Property Funds (Broad Gully Rd) Diamond Creek Pty Ltd v Commissioner of State Revenue [2024] VSCA 175. The Court unanimously upheld the decision of the Victorian Civil and Administrative Tribunal (VCAT), finding that the acquisitions made in the applicant landholder pursuant to a conditional capital raising were subject to duty as an associated transaction notwithstanding that the acquirers were not acquainted with each other.