In another busy week for the Victorian Chamber, the hallways of our Collins St headquarters on Tuesday best demonstrated the role we play across all levels and sides of government.

A new discussion paper launched by the Victorian Opposition encourages people to have their say on Victoria’s tax system – which has introduced 50 new or increased taxes since 2014 and is described as “discouraging investment and job creation in our State”.

While we usually open with a positive message, there is no way to sugarcoat the blow of the news that Victoria will no longer be hosting the 2026 Commonwealth Games.

The Victorian Government will not proceed with hosting the Commonwealth Games in 2026, advising the Commonwealth Games Federation (CGF) and Commonwealth Games Australia (CGA) that it will be terminating the Host Agreement.

I want to kick this week’s message off by extending my heartfelt congratulations to Travis Auld on behalf of the Victorian and Melbourne Chambers, on his appointment as the new Chief Executive of the Australian Grand Prix.

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.

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.

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.