Stamp duty on commercial and industrial property will be phased out in 2024 after the Victorian Government finalised the transition towards a property tax system.

The Victorian Chamber of Commerce and Industry’s 2024-25 Federal Budget Submission calls on accelerating investment in business and education, urgent tax reform, clarity on energy security and net-zero, and turbocharging Regional Victoria.

Accelerating investment in business and education, urgent tax reform, increased clarity about the reliability, cost and path to net zero and turbo charging Regional Victoria are among the recommendations in the Victorian Chamber of Commerce and Industry’s 2024-25 Federal Budget Submission.

The Federal Government has made grants available for projects that prioritise industry growth and research collaborations.

The Victorian Chamber of Commerce and Industry welcomes the strong support for natural and renewable gas as a key energy source for Australian business and industry.

The Australian Government has released a strategy document on the role gas will play in the transition to net zero by 2050.