A new research and development (R&D) fund has been established to help Victorian industry innovate, create new products and compete internationally.

I hope this update finds you well. It’s a privilege to be Acting Chief Executive of the Victorian Chamber as we’re in the midst of NAIDOC Week celebration, and I would like to acknowledge the traditional owners of the land on which we work, live, and operate our businesses. It is a time to reflect on the rich history, culture, and achievements of our First Nations people, and to renew our commitment to reconciliation and inclusivity.

Two incentives to support small and medium businesses to train and upskill employees and improve their digital capacity are set to deliver more than $1.5 billion in tax benefits.

Yesterday the Victorian Chamber proudly released our Regulatory Reform Policy Paper. This paper provides the pragmatic next steps for Victoria’s Regulatory Reform Agenda through four significant policy reform recommendations. Adoption of these recommendations would enhance productivity, competitiveness and the overall business environment in the state.

EOFY is the perfect time to review your business performance and set your goals for the coming year. Did you achieve what you planned this financial year? Look ahead to set new goals and re-align your business focus.

CSIRO is boosting Australia’s advanced manufacturing capability through free research and development support to businesses developing new products or services.

It is with deep sadness that the Victorian Chamber of Commerce pays tribute to esteemed former politician, the Hon. Simon Crean. A highly respected figure in Australian politics, Mr Crean made significant contributions to the nation, leaving an indelible mark on the economic landscape of Victoria and the entire country.

I hope this update finds you all in good spirits despite the icy winds pushing through the state! It is a privilege to be filling in for Victorian Chamber Chief Executive Paul Guerra. Our CEO is currently with a small contingent in Geneva for the 2023 World Chambers Congress, as Melbourne prepares to host the WCC in 2025.

As the end of the financial year approaches, it's important for business owners and taxpayers to be aware of the Australian Taxation Office's (ATO) key focus areas this financial year. Understanding these focus areas can help keep you on the right side of the ATO and minimise the risk of audits or penalties.

Businesses and other stakeholders are being asked to help shape Victoria’s innovation policies to best transform ideas or research into new commercial opportunities, businesses or industries.

Congratulations to all the amazing Australians who have been celebrated as part of the King’s Birthday 2023 Honours List. Not just the famous faces, but also the quiet achievers of Victoria, who dedicate their lives to improving their communities and outcomes for the less fortunate.

It’s been an interesting week, and probably one that will have most business owners and leaders wondering “What next?”

It was great to catch up with the Agent General Victoria to China, Brett Stephens earlier in the week to discuss the investment, sourcing and exporting opportunities for Victorian businesses. I certainly heard the optimism from Brett about what the opening can mean for business in our State, and we will be looking to progress that once Brett returns to China next week.

Victorian Treasurer Tim Pallas handed down the State Budget on Tuesday afternoon and I’m sure many of you went straight to how it would impact your business, positive or negative.

Treasurer of Victoria Tim Pallas told Victorian Chamber guests that the 2023/24 Victorian Budget was “a really difficult budget” but was confident of the path ahead for business in the State.

The Victorian Chamber of Commerce and Industry welcomes the Victorian Government announcement to replace stamp duty for commercial and industrial properties with an annual property tax.