The Allan Labor Government today announced a $37 million investment in World View and its groundbreaking technology aimed at revolutionising stratospheric balloon remote sensing services.
A strategic investment made through Breakthrough Victoria, this will enable World View to establish an Indo-Pacific headquarters in Melbourne, including an advanced manufacturing facility, creating up to 200 jobs in engineering, data science and material science.
World View is at the forefront of manufacturing, launching and controlling stratospheric balloons that provide on-demand, high-resolution sensing, weather monitoring and communication services.
Future plans for World View include expanding into space tourism via the stratosphere, building and operating launch locations across the globe, including Spaceport Great Barrier Reef in Queensland.
With World View’s patented dual-balloon system, the company offers unparalleled capabilities, boasting a market leading size and weight, augmenting existing alternatives such as satellites and unmanned aerial vehicles.
World View’s expansion will establish Victoria as a hub for stratospheric remote sensing research, with investments in research and development across Australian universities and research centres.
The establishment of their head office at Melbourne Connect in Parkville places World View at one of the epicentres of research in Victoria and will foster collaboration and innovation, positioning Victoria as a leader in aerospace technology.
Quote attributable to Treasurer Tim Pallas
“World View’s cutting-edge technology and future jobs, especially in highly skilled areas of engineering, data science and material science, will create fantastic opportunities for Victoria and Australia.”
Quotes attributable to Breakthrough Victoria CEO, Grant Dooley
“We are thrilled to partner with World View in their mission to transform the way we approach stratospheric balloon technology. World View’s innovative solutions have the potential to revolutionise various industries, from remote sensing to communications.”
Quotes attributable to World View CEO, Ryan M. Hartman
“Australia, especially Victoria, offers unprecedented access to incredibly skilled global talent, cutting-edge technology, promising partnerships, smart capital, and significant geographic leverage to support our Indo-Pacific remote sensing and future space tourism operations. We are eager to get to work in Victoria.”
The Allan Labor Government today announced a $37 million investment in World View and its groundbreaking technology aimed at revolutionising stratospheric balloon remote sensing services.
A strategic investment made through Breakthrough Victoria, this will enable World View to establish an Indo-Pacific headquarters in Melbourne, including an advanced manufacturing facility, creating up to 200 jobs in engineering, data science and material science.
World View is at the forefront of manufacturing, launching and controlling stratospheric balloons that provide on-demand, high-resolution sensing, weather monitoring and communication services.
Future plans for World View include expanding into space tourism via the stratosphere, building and operating launch locations across the globe, including Spaceport Great Barrier Reef in Queensland.
With World View’s patented dual-balloon system, the company offers unparalleled capabilities, boasting a market leading size and weight, augmenting existing alternatives such as satellites and unmanned aerial vehicles.
World View’s expansion will establish Victoria as a hub for stratospheric remote sensing research, with investments in research and development across Australian universities and research centres.
The establishment of their head office at Melbourne Connect in Parkville places World View at one of the epicentres of research in Victoria and will foster collaboration and innovation, positioning Victoria as a leader in aerospace technology.
Quote attributable to Treasurer Tim Pallas
“World View’s cutting-edge technology and future jobs, especially in highly skilled areas of engineering, data science and material science, will create fantastic opportunities for Victoria and Australia.”
Quotes attributable to Breakthrough Victoria CEO, Grant Dooley
“We are thrilled to partner with World View in their mission to transform the way we approach stratospheric balloon technology. World View’s innovative solutions have the potential to revolutionise various industries, from remote sensing to communications.”
Quotes attributable to World View CEO, Ryan M. Hartman
“Australia, especially Victoria, offers unprecedented access to incredibly skilled global talent, cutting-edge technology, promising partnerships, smart capital, and significant geographic leverage to support our Indo-Pacific remote sensing and future space tourism operations. We are eager to get to work in Victoria.”
The Allan Labor Government and French relations will strengthen with the opening of a new Consulate General in Melbourne, providing an important foundation for deeper economic ties with a key European partner.
Minister for Economic Growth Tim Pallas today welcomed the announcement of the new Consulate General of France in Melbourne which will foster greater collaboration, maximise trade and investment opportunities and enhance bilateral ties.
This year marks the 170th anniversary of the 1854 opening of French diplomatic representation in Melbourne. The new Consulate General opening is scheduled for September.
In December 2023, Victoria entered into a bilateral agreement with France to pursue stronger trade and investment ties across a range of sectors.
The new commitment by the French Government follows the opening of a Victorian Government Trade and Investment office in Paris, dedicated to Europe and growing Victoria’s global network to 23 international offices.
Since opening in 2023, the Paris office has delivered several trade missions including the Vivatech in Paris, Formnext in Frankfurt, Bio Europe Spring conference in Barcelona and Cosmoprof in Bologna.
With two-way merchandise trade valued at $2.1 billion in 2022-23, France is an important trading partner for Victoria. France is also one of the largest foreign investors in Victoria, with French capital equal to $5.4 billion invested over the past six years, creating more than 1,300 jobs.
Prominent French organisations such as RATP, EDF, Neoen and the French National Centre for Scientific Research, build on other significant investors in Victoria including Alstom, Air Liquide and Thales.
The Victorian Government also welcomes the recent announcement of a new Consulate General of Ireland in Melbourne – bolstering the state’s engagement and access to the European Union’s market of 448 million consumers.
Exports play a critical role in Victoria’s economic growth, contributing more than $58 billion annually to the state’s economy and supporting over 330,000 jobs.
Quotes attributable to Minister for Economic Growth Tim Pallas
“Victoria and France are poised to embark on a journey of mutual economic growth, amplifying trade, investment, and cultural exchange opportunities with the important establishment of the new Consulate General of France in Melbourne.”
“This historic step forward for Victoria-France bilateral relations affords Victorian companies a prime position to access more opportunities and extend the reach of their products and services to new markets, while creating more jobs here at home.”
“I’d like to pass my appreciation and congratulations to Pierre-André Imbert, the Ambassador of France to Australia, the former ambassador Jean-Pierre Thibault and the outgoing Honorary Consul General of France in Victoria, Myriam Boisbouvier-Wylie."
The Allan Labor Government and French relations will strengthen with the opening of a new Consulate General in Melbourne, providing an important foundation for deeper economic ties with a key European partner.
Minister for Economic Growth Tim Pallas today welcomed the announcement of the new Consulate General of France in Melbourne which will foster greater collaboration, maximise trade and investment opportunities and enhance bilateral ties.
This year marks the 170th anniversary of the 1854 opening of French diplomatic representation in Melbourne. The new Consulate General opening is scheduled for September.
In December 2023, Victoria entered into a bilateral agreement with France to pursue stronger trade and investment ties across a range of sectors.
The new commitment by the French Government follows the opening of a Victorian Government Trade and Investment office in Paris, dedicated to Europe and growing Victoria’s global network to 23 international offices.
Since opening in 2023, the Paris office has delivered several trade missions including the Vivatech in Paris, Formnext in Frankfurt, Bio Europe Spring conference in Barcelona and Cosmoprof in Bologna.
With two-way merchandise trade valued at $2.1 billion in 2022-23, France is an important trading partner for Victoria. France is also one of the largest foreign investors in Victoria, with French capital equal to $5.4 billion invested over the past six years, creating more than 1,300 jobs.
Prominent French organisations such as RATP, EDF, Neoen and the French National Centre for Scientific Research, build on other significant investors in Victoria including Alstom, Air Liquide and Thales.
The Victorian Government also welcomes the recent announcement of a new Consulate General of Ireland in Melbourne – bolstering the state’s engagement and access to the European Union’s market of 448 million consumers.
Exports play a critical role in Victoria’s economic growth, contributing more than $58 billion annually to the state’s economy and supporting over 330,000 jobs.
Quotes attributable to Minister for Economic Growth Tim Pallas
“Victoria and France are poised to embark on a journey of mutual economic growth, amplifying trade, investment, and cultural exchange opportunities with the important establishment of the new Consulate General of France in Melbourne.”
“This historic step forward for Victoria-France bilateral relations affords Victorian companies a prime position to access more opportunities and extend the reach of their products and services to new markets, while creating more jobs here at home.”
“I’d like to pass my appreciation and congratulations to Pierre-André Imbert, the Ambassador of France to Australia, the former ambassador Jean-Pierre Thibault and the outgoing Honorary Consul General of France in Victoria, Myriam Boisbouvier-Wylie."
Regional Victoria continues to create new jobs under the Allan Labor Government, with several thousand created last month.
The Australian Bureau of Statistics’ (ABS) regional labour force data, released yesterday, shows that another 6,700 people in regional Victoria found jobs in the past month.
Reflecting the strength of the state’s economy, the number of people employed in Victorian regional communities is now 828,500 – an all-time high.
Victoria’s regional unemployment rate remains below the national average, at a low 3.7 per cent.
According to the ABS data, unemployment remains low in many areas of Victoria, including Warrnambool and the South West (2.2 per cent), Hume (2.9 per cent), Bendigo (3.1 per cent) and Geelong (3.5 per cent).
Regional employment in Victoria has grown by more than 25 per cent since November 2014, the strongest state growth over this period.
Employment has also risen in Melbourne – increasing by more than 86,000 people in metropolitan Melbourne over the past 12 months, a 3.1 per cent increase that is well above the nation’s capital city average of 2.3 per cent.
Recent ABS national accounts data show Victoria had the largest business investment increase of all the states in 2023 – up by more than 13 per cent – building on strong growth of nearly eight per cent in the previous year.
Independent analysts Deloitte Access Economics forecasts Victoria’s economy to grow by 3.1 per cent in 2023-24, the strongest growth in the country.
Deloitte Access Economics expect Victoria’s economic growth to outpace all other states over the next five years.
Quotes attributable to Treasurer Tim Pallas
“Victoria’s regional jobs growth success is really something to celebrate, because it means Victorians are accessing great work opportunities and economic independence across the state.”
“Having high numbers of regional Victorians in secure work helps drive our economy forward, and spreads prosperity and growth to communities in every corner of the state.”
Regional Victoria continues to create new jobs under the Allan Labor Government, with several thousand created last month.
The Australian Bureau of Statistics’ (ABS) regional labour force data, released yesterday, shows that another 6,700 people in regional Victoria found jobs in the past month.
Reflecting the strength of the state’s economy, the number of people employed in Victorian regional communities is now 828,500 – an all-time high.
Victoria’s regional unemployment rate remains below the national average, at a low 3.7 per cent.
According to the ABS data, unemployment remains low in many areas of Victoria, including Warrnambool and the South West (2.2 per cent), Hume (2.9 per cent), Bendigo (3.1 per cent) and Geelong (3.5 per cent).
Regional employment in Victoria has grown by more than 25 per cent since November 2014, the strongest state growth over this period.
Employment has also risen in Melbourne – increasing by more than 86,000 people in metropolitan Melbourne over the past 12 months, a 3.1 per cent increase that is well above the nation’s capital city average of 2.3 per cent.
Recent ABS national accounts data show Victoria had the largest business investment increase of all the states in 2023 – up by more than 13 per cent – building on strong growth of nearly eight per cent in the previous year.
Independent analysts Deloitte Access Economics forecasts Victoria’s economy to grow by 3.1 per cent in 2023-24, the strongest growth in the country.
Deloitte Access Economics expect Victoria’s economic growth to outpace all other states over the next five years.
Quotes attributable to Treasurer Tim Pallas
“Victoria’s regional jobs growth success is really something to celebrate, because it means Victorians are accessing great work opportunities and economic independence across the state.”
“Having high numbers of regional Victorians in secure work helps drive our economy forward, and spreads prosperity and growth to communities in every corner of the state.”
The Allan Labor Government is investing in a suite of new infrastructure projects in Werribee to ensure more families have access to essential services close to home.
Werribee will benefit from nearly $130 million worth of projects funded through the Growth Areas Infrastructure Contribution (GAIC) fund – supporting Victorian families in our fastest growing suburbs.
Projects include:
$60 million to deliver a critical road link for the Ison Road Overpass.
More than $28 million for a proposed government school site identified in the Ballan Road Precinct Structure Plan.
$8 million to construct a new Ambulance Victoria branch.
More than $12 million to acquire and construct a Type B/C Victorian State Emergency Service facility in Wyndham Vale.
More than $21 million for a new bus connection between Harpley Estate and Cornerstone Estate communities, and Wyndham Vale Station.
The Labor Government is investing a total of $400 million into 37 infrastructure projects across Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham local government areas through the GAIC fund.
These projects complement the more than $685 million worth of initiatives already delivered across Melbourne’s growth areas through the GAIC fund – including ambulance sites, parks, schools and public transport.
The GAIC fund is a one-off contribution payable by landowners developing land that has been zoned for urban use and development in the Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham local government areas.
The fund supports the Labor Government’s landmark Housing Statement by delivering key transport, health, community and education infrastructure to ensure communities in growing suburbs have access to the services they need, close to where they live.
For more information on the GAIC fund, visit planning.vic.gov.au/guides-and-resources/legislation-regulation-and-fees/growth-areas-infrastructure-contributions.
Quotes attributable to Treasurer and Member for Werribee Tim Pallas
“Werribee will soon be home to a new school, more emergency services, better transport connections thanks to our government’s nearly $130 million investment in our growing community.”
“Contributions from developers help make these projects a reality - making sure they're not just building houses, but communities too across Victoria’s fastest growing suburbs.”
Quote attributable to Premier Jacinta Allan
“We know more Victorians want to live close to transport, schools and essential services – and this investment will deliver exactly the kind of infrastructure Victorian families need in our fastest growing suburbs.”
The Allan Labor Government is investing in a suite of new infrastructure projects in Werribee to ensure more families have access to essential services close to home.
Werribee will benefit from nearly $130 million worth of projects funded through the Growth Areas Infrastructure Contribution (GAIC) fund – supporting Victorian families in our fastest growing suburbs.
Projects include:
$60 million to deliver a critical road link for the Ison Road Overpass.
More than $28 million for a proposed government school site identified in the Ballan Road Precinct Structure Plan.
$8 million to construct a new Ambulance Victoria branch.
More than $12 million to acquire and construct a Type B/C Victorian State Emergency Service facility in Wyndham Vale.
More than $21 million for a new bus connection between Harpley Estate and Cornerstone Estate communities, and Wyndham Vale Station.
The Labor Government is investing a total of $400 million into 37 infrastructure projects across Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham local government areas through the GAIC fund.
These projects complement the more than $685 million worth of initiatives already delivered across Melbourne’s growth areas through the GAIC fund – including ambulance sites, parks, schools and public transport.
The GAIC fund is a one-off contribution payable by landowners developing land that has been zoned for urban use and development in the Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham local government areas.
The fund supports the Labor Government’s landmark Housing Statement by delivering key transport, health, community and education infrastructure to ensure communities in growing suburbs have access to the services they need, close to where they live.
For more information on the GAIC fund, visit planning.vic.gov.au/guides-and-resources/legislation-regulation-and-fees/growth-areas-infrastructure-contributions.
Quotes attributable to Treasurer and Member for Werribee Tim Pallas
“Werribee will soon be home to a new school, more emergency services, better transport connections thanks to our government’s nearly $130 million investment in our growing community.”
“Contributions from developers help make these projects a reality - making sure they're not just building houses, but communities too across Victoria’s fastest growing suburbs.”
Quote attributable to Premier Jacinta Allan
“We know more Victorians want to live close to transport, schools and essential services – and this investment will deliver exactly the kind of infrastructure Victorian families need in our fastest growing suburbs.”
The Allan Labor Government is supporting Victorian families with the critical infrastructure that makes our fastest growing suburbs better places to live – like new schools, health services, public transport and road upgrades.
Premier Jacinta Allan and Minister for Planning Sonya Kilkenny were at Whittlesea Early Parenting Centre (EPC) today to announce a more than $400 million package through the Growth Areas Infrastructure Contribution (GAIC) fund, which includes a new $9.6 million Enhanced Parenting Centre in Wallara Waters.
New mums and dads across the north are already benefiting from the new Whittlesea EPC – with specialised support, close to home – including sleep and settling, feeding and extra care for bubs with additional needs.
A total of 37 projects will be funded through the GAIC – including 10 from the Growth Areas Public Transport Fund and 27 from the Building New Communities Fund.
Some significant investments in the package include:
$60 million to deliver a critical road link for the Ison Road Overpass in Werribee
$35 million towards a new school in Cobblebank
A $29 million land purchase for a proposed government school in Wyndham Vale
More than $150 million for new bus services across Melbourne’s north, west and south east
$10 million for an intersection upgrade in Mernda to support a future major recreation precinct
$6 million for road and traffic upgrades in Pakenham
These projects complement the more than $685 million worth of initiatives the Labor Government has already delivered across Melbourne’s growth areas through the GAIC fund – including ambulance stations, parks, schools and public transport.
The GAIC fund is a one-off contribution payable by landowners developing certain land zoned for urban use and development in the Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham local government areas.
The fund supports the Labor Government’s landmark Housing Statement by delivering key transport, health, community and education infrastructure to ensure communities in growing suburbs have access to the services they need, close to where they live.
Quote attributable to Premier Jacinta Allan
“We know more Victorians want to live close to transport, schools and essential services – and this investment will deliver exactly the kind of infrastructure Victorian families need in our fastest growing suburbs.”
Quote attributable to Treasurer Tim Pallas
“Contributions help make these projects a reality – developers aren’t just building houses, but communities too.”
Quote attributable to Minister for Planning Sonya Kilkenny
“While we create the conditions for 800,000 new homes to be built over the next decade, we’re delivering schools and health services, parks and playgrounds – the community facilities and open spaces that families need.”
Quote attributable to Minister for Public Transport Gabrielle Williams
“We're investing in better transport links – from better bus routes, to upgraded train stations, to more cycling and walking paths to ensure these growing communities can access jobs, schools and services.”
Quote attributable to Minister for Education Ben Carroll
“We’re building new schools and services for our growing suburbs needs so more Victorian children can access the first-rate education they deserve, closer to home.”
Quote attributable to Minister for Health Infrastructure Mary-Anne Thomas
“Whether it’s new or upgraded ambulance branches or making it easier for locals to access our expanded Sunbury Community Hospital when it opens later this year, this infrastructure boost in our growing suburbs will ensure more Victorians can access health care closer to home.”
Quote attributable to Minister for Roads Melissa Horne
“These investments will ease congestion and make roads safer in communities where roads are vital to getting people to work or seeing family and friends.”
Quote attributable to Minister for Children Lizzie Blandthorn
“Becoming a new parent can be the happiest time in a person’s life, but it can also be challenging – that’s why we’re investing $9.5 million to build a new Early Parenting Centre in Wallara Waters to ensure more families can get the support they need.”
The Allan Labor Government is supporting Victorian families with the critical infrastructure that makes our fastest growing suburbs better places to live – like new schools, health services, public transport and road upgrades.
Premier Jacinta Allan and Minister for Planning Sonya Kilkenny were at Whittlesea Early Parenting Centre (EPC) today to announce a more than $400 million package through the Growth Areas Infrastructure Contribution (GAIC) fund, which includes a new $9.6 million Enhanced Parenting Centre in Wallara Waters.
New mums and dads across the north are already benefiting from the new Whittlesea EPC – with specialised support, close to home – including sleep and settling, feeding and extra care for bubs with additional needs.
A total of 37 projects will be funded through the GAIC – including 10 from the Growth Areas Public Transport Fund and 27 from the Building New Communities Fund.
Some significant investments in the package include:
$60 million to deliver a critical road link for the Ison Road Overpass in Werribee
$35 million towards a new school in Cobblebank
A $29 million land purchase for a proposed government school in Wyndham Vale
More than $150 million for new bus services across Melbourne’s north, west and south east
$10 million for an intersection upgrade in Mernda to support a future major recreation precinct
$6 million for road and traffic upgrades in Pakenham
These projects complement the more than $685 million worth of initiatives the Labor Government has already delivered across Melbourne’s growth areas through the GAIC fund – including ambulance stations, parks, schools and public transport.
The GAIC fund is a one-off contribution payable by landowners developing certain land zoned for urban use and development in the Cardinia, Casey, Hume, Melton, Mitchell, Whittlesea and Wyndham local government areas.
The fund supports the Labor Government’s landmark Housing Statement by delivering key transport, health, community and education infrastructure to ensure communities in growing suburbs have access to the services they need, close to where they live.
Quote attributable to Premier Jacinta Allan
“We know more Victorians want to live close to transport, schools and essential services – and this investment will deliver exactly the kind of infrastructure Victorian families need in our fastest growing suburbs.”
Quote attributable to Treasurer Tim Pallas
“Contributions help make these projects a reality – developers aren’t just building houses, but communities too.”
Quote attributable to Minister for Planning Sonya Kilkenny
“While we create the conditions for 800,000 new homes to be built over the next decade, we’re delivering schools and health services, parks and playgrounds – the community facilities and open spaces that families need.”
Quote attributable to Minister for Public Transport Gabrielle Williams
“We're investing in better transport links – from better bus routes, to upgraded train stations, to more cycling and walking paths to ensure these growing communities can access jobs, schools and services.”
Quote attributable to Minister for Education Ben Carroll
“We’re building new schools and services for our growing suburbs needs so more Victorian children can access the first-rate education they deserve, closer to home.”
Quote attributable to Minister for Health Infrastructure Mary-Anne Thomas
“Whether it’s new or upgraded ambulance branches or making it easier for locals to access our expanded Sunbury Community Hospital when it opens later this year, this infrastructure boost in our growing suburbs will ensure more Victorians can access health care closer to home.”
Quote attributable to Minister for Roads Melissa Horne
“These investments will ease congestion and make roads safer in communities where roads are vital to getting people to work or seeing family and friends.”
Quote attributable to Minister for Children Lizzie Blandthorn
“Becoming a new parent can be the happiest time in a person’s life, but it can also be challenging – that’s why we’re investing $9.5 million to build a new Early Parenting Centre in Wallara Waters to ensure more families can get the support they need.”
The Allan Labor Government is encouraging the thousands of Victorians who are eligible for a surprise windfall to search the State Revenue Office’s register and apply for their share of the unclaimed money.
Every year millions of dollars end up in the Victorian Unclaimed Money Register – with substantial funds to be claimed across Melbourne and regional Victoria.
Greater Geelong has the most unclaimed money – with more than 33,000 entitlements valued at over $4.3 million, followed by Ballarat (more than 14,000 entitlements, $1.8 million), Greater Bendigo (13,000, $1.8 million), Latrobe (13,000, $1.5 million), Greater Shepparton (9,000, $1.2 million) and Mildura (7,000, $1 million).
In metropolitan Melbourne, the City of Melbourne is the council area with the most unclaimed money – more than 67,000 entitlements worth over $17.7 million – followed by Boroondara ($9.8 million), Stonnington ($6.9 million) and Whitehorse ($6.6 million).
One Bendigo local has just over $137,000 waiting for them, while a Box Hill individual has a claim to more than $880,000, someone from Nunawading is owed more than $670,000 and a person in Mount Martha can apply for more than $232,000.
The State Revenue Office Victoria holds records of money that remains unclaimed after 12 months in Victoria from sources including share dividends, salaries and wages, rents and bonds, debentures and interest, proceeds from sales, and Tattersalls, Intralot and Tabcorp winnings and prizes.
To claim owed monies, visit sro.vic.gov.au/unclaimedmoney and search the register using a personal or company name and address.
Quote attributable to Minister for Economic Growth Tim Pallas
“We encourage Victorians to check the website and claim their unclaimed monies - this could provide substantial benefits to people if they make the effort. If you are not sure, our advice is to go to the website and check.’’
The Allan Labor Government is encouraging the thousands of Victorians who are eligible for a surprise windfall to search the State Revenue Office’s register and apply for their share of the unclaimed money.
Every year millions of dollars end up in the Victorian Unclaimed Money Register – with substantial funds to be claimed across Melbourne and regional Victoria.
Greater Geelong has the most unclaimed money – with more than 33,000 entitlements valued at over $4.3 million, followed by Ballarat (more than 14,000 entitlements, $1.8 million), Greater Bendigo (13,000, $1.8 million), Latrobe (13,000, $1.5 million), Greater Shepparton (9,000, $1.2 million) and Mildura (7,000, $1 million).
In metropolitan Melbourne, the City of Melbourne is the council area with the most unclaimed money – more than 67,000 entitlements worth over $17.7 million – followed by Boroondara ($9.8 million), Stonnington ($6.9 million) and Whitehorse ($6.6 million).
One Bendigo local has just over $137,000 waiting for them, while a Box Hill individual has a claim to more than $880,000, someone from Nunawading is owed more than $670,000 and a person in Mount Martha can apply for more than $232,000.
The State Revenue Office Victoria holds records of money that remains unclaimed after 12 months in Victoria from sources including share dividends, salaries and wages, rents and bonds, debentures and interest, proceeds from sales, and Tattersalls, Intralot and Tabcorp winnings and prizes.
To claim owed monies, visit sro.vic.gov.au/unclaimedmoney and search the register using a personal or company name and address.
Quote attributable to Minister for Economic Growth Tim Pallas
“We encourage Victorians to check the website and claim their unclaimed monies - this could provide substantial benefits to people if they make the effort. If you are not sure, our advice is to go to the website and check.’’
The Allan Labor Government is supporting Victoria’s transition to clean energy – backing an innovative solar and thermal water-based energy storage solution.
Minister for Economic Growth Tim Pallas today announced a $20 million investment in RayGen Resources which has developed photovoltaic solar modules that generate nearly 2,000 times more power than traditional solar systems under a concentrated beam of sunlight.
Combined with their thermal water-based storage system - which uses heat captured from water that is used to cool the modules - RayGen has developed a high-efficiency, long-duration energy storage solution that is easily scalable.
A Victorian company, RayGen has been operating at a test facility in Newbridge since 2015 while their flagship solar and storage project is in Mildura.
While most solar panels used in Australia are made overseas, RayGen’s solar modules will be made in Victoria with a new manufacturing facility under construction in Hawthorn East.
Breakthrough Victoria is an investment company that manages the Labor Government’s Breakthrough Victoria Fund. It joins RayGen’s existing strategic investors in SLB, Equinor Ventures, AGL Energy, Photon Energy Group, Chevron Technology Ventures and the Australian Renewable Energy Agency.
The funds will allow RayGen to secure manufacturing capability and create additional engineering and manufacturing jobs in Victoria - as well as support RayGen’s growth in Victoria, Australia and internationally.
Quotes attributable to Minister for Economic Growth Tim Pallas
“We’re supporting good ideas like RayGen’s energy storage solution - keeping our best and brightest minds and ideas on home soil and creating good jobs for Victorians.”
Quotes attributable to Breakthrough Victoria CEO Grant Dooley
"We are investing in RayGen Resources because they focus on what Victoria needs – sustainability, scale and local manufacturing. Their innovative energy storage technology will help us better transition to renewable energy.”
Quotes attributable to Minister for Energy and Resources Lily D’Ambrosio
“It’s great to see Victorian businesses taking the lead in new renewable energy technologies – this innovative solar technology will reduce emissions, bring down power bills while creating skilled local jobs.”
Quotes attributable to RayGen Resources CEO Richard Payne
“We’re delighted to be working with Breakthrough Victoria. We’re a Victorian-born company with global ambitions for dispatchable renewable energy generation and advanced manufacturing.”
The Allan Labor Government is supporting Victoria’s transition to clean energy – backing an innovative solar and thermal water-based energy storage solution.
Minister for Economic Growth Tim Pallas today announced a $20 million investment in RayGen Resources which has developed photovoltaic solar modules that generate nearly 2,000 times more power than traditional solar systems under a concentrated beam of sunlight.
Combined with their thermal water-based storage system - which uses heat captured from water that is used to cool the modules - RayGen has developed a high-efficiency, long-duration energy storage solution that is easily scalable.
A Victorian company, RayGen has been operating at a test facility in Newbridge since 2015 while their flagship solar and storage project is in Mildura.
While most solar panels used in Australia are made overseas, RayGen’s solar modules will be made in Victoria with a new manufacturing facility under construction in Hawthorn East.
Breakthrough Victoria is an investment company that manages the Labor Government’s Breakthrough Victoria Fund. It joins RayGen’s existing strategic investors in SLB, Equinor Ventures, AGL Energy, Photon Energy Group, Chevron Technology Ventures and the Australian Renewable Energy Agency.
The funds will allow RayGen to secure manufacturing capability and create additional engineering and manufacturing jobs in Victoria - as well as support RayGen’s growth in Victoria, Australia and internationally.
Quotes attributable to Minister for Economic Growth Tim Pallas
“We’re supporting good ideas like RayGen’s energy storage solution - keeping our best and brightest minds and ideas on home soil and creating good jobs for Victorians.”
Quotes attributable to Breakthrough Victoria CEO Grant Dooley
"We are investing in RayGen Resources because they focus on what Victoria needs – sustainability, scale and local manufacturing. Their innovative energy storage technology will help us better transition to renewable energy.”
Quotes attributable to Minister for Energy and Resources Lily D’Ambrosio
“It’s great to see Victorian businesses taking the lead in new renewable energy technologies – this innovative solar technology will reduce emissions, bring down power bills while creating skilled local jobs.”
Quotes attributable to RayGen Resources CEO Richard Payne
“We’re delighted to be working with Breakthrough Victoria. We’re a Victorian-born company with global ambitions for dispatchable renewable energy generation and advanced manufacturing.”
Job numbers under the Allan Labor Government have reached a record high, with Victoria’s strong economy enabling state businesses to continue to create more new jobs.
Australian Bureau of Statistics (ABS) data shows an additional 5,800 Victorians found jobs in March, propelling the total working population to more than 3.7 million.
A near record workforce participation rate of 67.3 per cent – above the national average – further demonstrates the strength of Victoria’s labour market.
Victoria continues to lead the nation in jobs growth since the September 2020 pandemic peak, with more than 560,000 new jobs created across the state.
Since 2014, the Labor Government has overseen the creation of more than 785,000 new jobs in Victoria – and the state’s unemployment rate remains low at 4.1 per cent.
Regional employment is at a record high 822,000, and the 3.5 per cent regional unemployment rate is the lowest of all states and territories.
ABS results also show Victoria had more new homes approved than any other state during the past five years. Approvals for the past year make up over 30 per cent of national approvals. Additionally, the ABS last week revealed more new homes were built in Victoria than in any other state or territory over the past year.
ABS national accounts data shows Victoria had the largest business investment increase of all the states in 2023 – up by more than 13 per cent – building on strong growth of almost 8 per cent in the previous year.
This investment growth reflects a steady stream of major projects bolstering employment opportunities.
Victoria’s strong economic prospects and employment growth has been forecast to outpace all other states over the next five years by independent analyst Deloitte Access Economics.
Quotes attributable to Treasurer Tim Pallas
“Victorians should feel very positive about our progress - the economy is thriving in the face of high inflation and a challenging global environment.”
“It is great to see so many Victorians in secure work, driving our economy while we deliver the homes and services Victorians need.’’
Job numbers under the Allan Labor Government have reached a record high, with Victoria’s strong economy enabling state businesses to continue to create more new jobs.
Australian Bureau of Statistics (ABS) data shows an additional 5,800 Victorians found jobs in March, propelling the total working population to more than 3.7 million.
A near record workforce participation rate of 67.3 per cent – above the national average – further demonstrates the strength of Victoria’s labour market.
Victoria continues to lead the nation in jobs growth since the September 2020 pandemic peak, with more than 560,000 new jobs created across the state.
Since 2014, the Labor Government has overseen the creation of more than 785,000 new jobs in Victoria – and the state’s unemployment rate remains low at 4.1 per cent.
Regional employment is at a record high 822,000, and the 3.5 per cent regional unemployment rate is the lowest of all states and territories.
ABS results also show Victoria had more new homes approved than any other state during the past five years. Approvals for the past year make up over 30 per cent of national approvals. Additionally, the ABS last week revealed more new homes were built in Victoria than in any other state or territory over the past year.
ABS national accounts data shows Victoria had the largest business investment increase of all the states in 2023 – up by more than 13 per cent – building on strong growth of almost 8 per cent in the previous year.
This investment growth reflects a steady stream of major projects bolstering employment opportunities.
Victoria’s strong economic prospects and employment growth has been forecast to outpace all other states over the next five years by independent analyst Deloitte Access Economics.
Quotes attributable to Treasurer Tim Pallas
“Victorians should feel very positive about our progress - the economy is thriving in the face of high inflation and a challenging global environment.”
“It is great to see so many Victorians in secure work, driving our economy while we deliver the homes and services Victorians need.’’
An Australian-first electric aircraft development centre will be established in Gippsland as the Allan Labor Government backs our local aviation and clean energy sectors to create highly skilled jobs and decarbonise aviation.
The Government today officially opened Dovetail Electric Aviation’s Development Centre in the Latrobe Aerospace Technology Precinct, in the Latrobe Regional Airport.
Creating about 90-highly skilled new jobs in Victoria over the next five years, Dovetail will retrofit regional aircraft with batteries and hydrogen propulsion, enabling zero-emission Flights which will lessen the environmental impact of air travel and boost the local clean energy sector.
Dovetail’s Development Centre will advance local aviation capabilities to transition to clean energy, accelerating Victoria’s goal to achieve net-zero emissions by 2045.
To reduce the carbon footprint of regional air transport, Dovetail will convert traditional turbine-powered aircraft into electric power by incorporating cutting-edge battery technologies and hydrogen fuel cells. Dovetail’s new centre will include research and development and potential flight testing.
Latrobe Aerospace Technology Precinct is a flexible use Advanced Air Mobility (AAM) launchpad which enables AAM supply chain companies, from startup to established global companies, to prove and develop their innovations in Victoria.
This investment will also support growth in regional freight, tourism and service delivery, connecting with supply chain networks across the state and highlighting Victoria as a leader in sustainable regional aviation.
A Deloitte Access Economics report found the AAM sector could increase Victoria’s gross state product by $2.8 billion over the next 20 years and create 1,300 jobs annually.
The Victorian Government's AAM Industry Vision Statement outlines a plan to develop industries like clean aviation, renewables, advanced manufacturing and digital technology that will create jobs of the future and drive sustainable economic growth.
Quote attributable to Minister for Economic Growth Tim Pallas
“Securing Dovetail Electric Aviation’s footprint in the Latrobe Aerospace Technology Precinct is another win for AAM in Victoria and our clean energy economy – it will make a valuable contribution to our state’s research and development sector.”
Quote attributable to Minister for Jobs and Industry Natalie Hutchins
“We’re backing the clean energy sector and AAM supply chain to create more highly skilled jobs and training opportunities as we lead the nation in decarbonising aviation.”
Quote attributable to Member for Eastern Victoria Harriet Shing
“We are really pleased to support Dovetail Electric Aviation’s new centre in the Latrobe Valley, which will deliver world-leading innovations for the aviation sector, create new jobs in regional Victoria and contribute to the state’s net-zero emissions goal.”
Quote attributable to Dovetail Electric Aviation CEO David Doral
"We are honoured to receive the support of the Victorian Government which will enable Dovetail to accelerate our R&D efforts, bringing us closer to our vision of a sustainable, efficient, and accessible aviation future."
Quote attributable to Latrobe City Council Mayor Darren Howe
“Latrobe City Council is excited to partner with the Victorian Government and Dovetail Electric Aviation We welcome the collaboration with existing and emerging technologies in AAM as we establish new industry and investment.”
An Australian-first electric aircraft development centre will be established in Gippsland as the Allan Labor Government backs our local aviation and clean energy sectors to create highly skilled jobs and decarbonise aviation.
The Government today officially opened Dovetail Electric Aviation’s Development Centre in the Latrobe Aerospace Technology Precinct, in the Latrobe Regional Airport.
Creating about 90-highly skilled new jobs in Victoria over the next five years, Dovetail will retrofit regional aircraft with batteries and hydrogen propulsion, enabling zero-emission Flights which will lessen the environmental impact of air travel and boost the local clean energy sector.
Dovetail’s Development Centre will advance local aviation capabilities to transition to clean energy, accelerating Victoria’s goal to achieve net-zero emissions by 2045.
To reduce the carbon footprint of regional air transport, Dovetail will convert traditional turbine-powered aircraft into electric power by incorporating cutting-edge battery technologies and hydrogen fuel cells. Dovetail’s new centre will include research and development and potential flight testing.
Latrobe Aerospace Technology Precinct is a flexible use Advanced Air Mobility (AAM) launchpad which enables AAM supply chain companies, from startup to established global companies, to prove and develop their innovations in Victoria.
This investment will also support growth in regional freight, tourism and service delivery, connecting with supply chain networks across the state and highlighting Victoria as a leader in sustainable regional aviation.
A Deloitte Access Economics report found the AAM sector could increase Victoria’s gross state product by $2.8 billion over the next 20 years and create 1,300 jobs annually.
The Victorian Government's AAM Industry Vision Statement outlines a plan to develop industries like clean aviation, renewables, advanced manufacturing and digital technology that will create jobs of the future and drive sustainable economic growth.
Quote attributable to Minister for Economic Growth Tim Pallas
“Securing Dovetail Electric Aviation’s footprint in the Latrobe Aerospace Technology Precinct is another win for AAM in Victoria and our clean energy economy – it will make a valuable contribution to our state’s research and development sector.”
Quote attributable to Minister for Jobs and Industry Natalie Hutchins
“We’re backing the clean energy sector and AAM supply chain to create more highly skilled jobs and training opportunities as we lead the nation in decarbonising aviation.”
Quote attributable to Member for Eastern Victoria Harriet Shing
“We are really pleased to support Dovetail Electric Aviation’s new centre in the Latrobe Valley, which will deliver world-leading innovations for the aviation sector, create new jobs in regional Victoria and contribute to the state’s net-zero emissions goal.”
Quote attributable to Dovetail Electric Aviation CEO David Doral
"We are honoured to receive the support of the Victorian Government which will enable Dovetail to accelerate our R&D efforts, bringing us closer to our vision of a sustainable, efficient, and accessible aviation future."
Quote attributable to Latrobe City Council Mayor Darren Howe
“Latrobe City Council is excited to partner with the Victorian Government and Dovetail Electric Aviation We welcome the collaboration with existing and emerging technologies in AAM as we establish new industry and investment.”
The number of new jobs created in regional Victoria has grown again and Victoria’s regional unemployment rate remains the lowest in country at 3.5 per cent, reflecting the strength of the state’s economy.
The Australian Bureau of Statistics’ regional labour force data, released today, shows that another 7,300 people in regional Victoria found jobs in the last month – the largest increase in the country.
The number of people employed in Victorian regional communities is now 821,800 – an all-time high, driven by a strong economy delivering benefits for Victorians across the state.
More than 32,000 regional Victorians have found work over the past 12 months.
Regional employment in Victoria has grown by 163,000 jobs – or nearly 25 per cent – since November 2014 when the Labor Government was elected, the strongest regional jobs growth in the nation.
Unemployment remains low in many areas of Victoria according to the ABS. In Warrnambool and the South West the jobless rate is 1.8 per cent, in Bendigo it is 2.2 per cent and in Geelong it is 3.2 per cent. In Shepparton it is just 1.4 per cent.
The most recent ABS state accounts data showed Victoria’s economy has grown by a cumulative 9.1 per cent over the past two years – ahead of NSW, Queensland, Western Australia and Tasmania.
The national accounts also showed a strong 11.3 per cent boost in business investment in Victoria, driven by a pipeline of non-residential building projects in office buildings, warehouses and retail.
Deloitte Access Economics’ forecasts that Victoria's gross state product will grow by 2.5 per cent in 2023-24, the best in the country. Victorian economic growth is also forecast to lead all states over the five years to 2028-29 at an average annual rate of 2.3 per cent.
Quotes attributable to Treasurer Tim Pallas
“Continuing growth in regional employment is more proof that by investing in regional communities we’re helping to create jobs and keep our economy growing.”
“We’re focused on creating jobs that enable regional communities to grow and thrive.”
The number of new jobs created in regional Victoria has grown again and Victoria’s regional unemployment rate remains the lowest in country at 3.5 per cent, reflecting the strength of the state’s economy.
The Australian Bureau of Statistics’ regional labour force data, released today, shows that another 7,300 people in regional Victoria found jobs in the last month – the largest increase in the country.
The number of people employed in Victorian regional communities is now 821,800 – an all-time high, driven by a strong economy delivering benefits for Victorians across the state.
More than 32,000 regional Victorians have found work over the past 12 months.
Regional employment in Victoria has grown by 163,000 jobs – or nearly 25 per cent – since November 2014 when the Labor Government was elected, the strongest regional jobs growth in the nation.
Unemployment remains low in many areas of Victoria according to the ABS. In Warrnambool and the South West the jobless rate is 1.8 per cent, in Bendigo it is 2.2 per cent and in Geelong it is 3.2 per cent. In Shepparton it is just 1.4 per cent.
The most recent ABS state accounts data showed Victoria’s economy has grown by a cumulative 9.1 per cent over the past two years – ahead of NSW, Queensland, Western Australia and Tasmania.
The national accounts also showed a strong 11.3 per cent boost in business investment in Victoria, driven by a pipeline of non-residential building projects in office buildings, warehouses and retail.
Deloitte Access Economics’ forecasts that Victoria's gross state product will grow by 2.5 per cent in 2023-24, the best in the country. Victorian economic growth is also forecast to lead all states over the five years to 2028-29 at an average annual rate of 2.3 per cent.
Quotes attributable to Treasurer Tim Pallas
“Continuing growth in regional employment is more proof that by investing in regional communities we’re helping to create jobs and keep our economy growing.”
“We’re focused on creating jobs that enable regional communities to grow and thrive.”
More international students in Victoria will be supported to thrive away from home thanks to an Allan Labor Government investment.
Minister for Economic Growth Tim Pallas today announced the next round of recipients under the Labor Government’s Study Melbourne Inclusion Program, with 13 projects receiving funding to support the wellbeing of international students living in Victoria.
The program provides support for international students to build stronger connections in the Victorian community, with a focus on mental health, physical health, employability, safety, resilience, community engagement and cultural competency.
The National Gallery of Victoria, in partnership with Koorie Heritage Trust, will use the funding to deliver a series of sessions to engage international students with First Peoples’ art, culture and histories.
The University of Melbourne and Orygen Youth Health are expanding their suicide prevention intervention program to be tailored specifically for international students, providing access to suicide alertness workshops and mental health peer workers.
International students in Geelong will be able to participate in the Salvation Army’s Swimming and Water Safety Project, including a beach safety day at a local surf-lifesaving club.
Since its inception in 2015, the Study Melbourne Inclusion Program has funded 147 projects and supported approximately more than 235,000 students while building the capacity for student associations and other organisations to assist international students.
In 2023, there were more than 234,000 international students from 170 countries studying in Victoria, making Melbourne the most diverse student city in the world. Melbourne is Australia’s leading city for international students – and No.4 globally–according to the 2024 QS Best Student City report.
For more information about the Study Melbourne Inclusion Program, visit studymelbourne.vic.gov.au/inclusion-program.
Quotes attributable to Minister for Economic Growth Tim Pallas
“Studying away from home can be stressful and overwhelming – this program provides international students with vital resources for mental health, community engagement and overall wellbeing.”
“International students make up a vibrant and significant part of our diverse Victorian community, and we are making sure they are well-supported to thrive in their studies, while enjoying everything our state has to offer.”
Quote attributable to NGV Director Tony Ellwood AM
“The program will build international students' connection to local culture and community through a series of social learning experiences related to First Peoples art, culture and history.”
More international students in Victoria will be supported to thrive away from home thanks to an Allan Labor Government investment.
Minister for Economic Growth Tim Pallas today announced the next round of recipients under the Labor Government’s Study Melbourne Inclusion Program, with 13 projects receiving funding to support the wellbeing of international students living in Victoria.
The program provides support for international students to build stronger connections in the Victorian community, with a focus on mental health, physical health, employability, safety, resilience, community engagement and cultural competency.
The National Gallery of Victoria, in partnership with Koorie Heritage Trust, will use the funding to deliver a series of sessions to engage international students with First Peoples’ art, culture and histories.
The University of Melbourne and Orygen Youth Health are expanding their suicide prevention intervention program to be tailored specifically for international students, providing access to suicide alertness workshops and mental health peer workers.
International students in Geelong will be able to participate in the Salvation Army’s Swimming and Water Safety Project, including a beach safety day at a local surf-lifesaving club.
Since its inception in 2015, the Study Melbourne Inclusion Program has funded 147 projects and supported approximately more than 235,000 students while building the capacity for student associations and other organisations to assist international students.
In 2023, there were more than 234,000 international students from 170 countries studying in Victoria, making Melbourne the most diverse student city in the world. Melbourne is Australia’s leading city for international students – and No.4 globally–according to the 2024 QS Best Student City report.
For more information about the Study Melbourne Inclusion Program, visit studymelbourne.vic.gov.au/inclusion-program.
Quotes attributable to Minister for Economic Growth Tim Pallas
“Studying away from home can be stressful and overwhelming – this program provides international students with vital resources for mental health, community engagement and overall wellbeing.”
“International students make up a vibrant and significant part of our diverse Victorian community, and we are making sure they are well-supported to thrive in their studies, while enjoying everything our state has to offer.”
Quote attributable to NGV Director Tony Ellwood AM
“The program will build international students' connection to local culture and community through a series of social learning experiences related to First Peoples art, culture and history.”
Tim PALLAS (Werribee – Treasurer, Minister for Industrial Relations, Minister for Economic Growth) (14:20):
I rise with great excitement really to talk about the landmark stamp duty reform for commercial and industrial property undertaken by the Allan Labor government and leading the nation. Removing up-front costs from purchasing commercial and industrial land or buildings will make it easier for businesses to get established and of course to thrive in this state, boosting economic activity, jobs and growth. The cumulative increase in the size of the Victorian economy as a result of these initiatives will be about $50 billion in net present value terms. There are 265,000 businesses in this state that have commercial or industrial properties, and over time they will become stamp duty free, benefiting countless businesses and workers right across the state.
The Victorian Chamber of Commerce and Industry describes this as a landmark generational productivity reform which businesses across Victoria will welcome. The Grattan Institute penned an article titled ‘Victoria shows Australia how to abolish stamp duty’. The Property Council of Australia has called this a landmark reform delivering huge long-term gain. In last year’s budget, we announced that we would be increasing the payroll tax free threshold for business from $700,000 to $900,000 and subsequently to $1 million, meaning 6000 Victorian businesses will no longer pay any payroll tax, and we announced that we would be the first state to phase out duty on business insurance. All up, these reforms will see business paying well over half a billion dollars less in tax over the next four years. That is what this government does; we put businesses first because we know they back employment of workers.
Tim PALLAS (Werribee – Treasurer, Minister for Industrial Relations, Minister for Economic Growth) (14:20):
I rise with great excitement really to talk about the landmark stamp duty reform for commercial and industrial property undertaken by the Allan Labor government and leading the nation. Removing up-front costs from purchasing commercial and industrial land or buildings will make it easier for businesses to get established and of course to thrive in this state, boosting economic activity, jobs and growth. The cumulative increase in the size of the Victorian economy as a result of these initiatives will be about $50 billion in net present value terms. There are 265,000 businesses in this state that have commercial or industrial properties, and over time they will become stamp duty free, benefiting countless businesses and workers right across the state.
The Victorian Chamber of Commerce and Industry describes this as a landmark generational productivity reform which businesses across Victoria will welcome. The Grattan Institute penned an article titled ‘Victoria shows Australia how to abolish stamp duty’. The Property Council of Australia has called this a landmark reform delivering huge long-term gain. In last year’s budget, we announced that we would be increasing the payroll tax free threshold for business from $700,000 to $900,000 and subsequently to $1 million, meaning 6000 Victorian businesses will no longer pay any payroll tax, and we announced that we would be the first state to phase out duty on business insurance. All up, these reforms will see business paying well over half a billion dollars less in tax over the next four years. That is what this government does; we put businesses first because we know they back employment of workers.
Tim PALLAS (Werribee – Treasurer, Minister for Industrial Relations, Minister for Economic Growth) (09:44):
I rise to update the house and celebrate the official opening of youth accommodation in my electorate. This project has been delivered in partnership with the Melbourne City Mission under the $50 million youth housing capital grants program and is part of the Allan government’s $5.3 billion Big Housing Build. The grants program is shared by eight agencies to build 10 projects across the state, delivering important and real action in addressing youth homelessness and providing the support that they need. It is designed to house young people aged 16 to 24 years at risk of homelessness and who leave out-of-home care. The value of partnering with organisations such as Melbourne City Mission in delivering more social housing for our youth cannot be underestimated.
Often when young people are at risk of homelessness, they may have a range of complex needs that require a level of integrated support. These new studio apartments will have those onsite support facilities available along with communal living areas. Located close to the Werribee CBD, residents will importantly have easy access to public transport, educational facilities, shops and local services. It was a pleasure to meet a young resident named Paris, who said, ‘This saved my life; they gave me hope when I have nothing left,’ because nothing is more important than the safety, dignity and stability of somewhere to call home.
Tim PALLAS (Werribee – Treasurer, Minister for Industrial Relations, Minister for Economic Growth) (09:44):
I rise to update the house and celebrate the official opening of youth accommodation in my electorate. This project has been delivered in partnership with the Melbourne City Mission under the $50 million youth housing capital grants program and is part of the Allan government’s $5.3 billion Big Housing Build. The grants program is shared by eight agencies to build 10 projects across the state, delivering important and real action in addressing youth homelessness and providing the support that they need. It is designed to house young people aged 16 to 24 years at risk of homelessness and who leave out-of-home care. The value of partnering with organisations such as Melbourne City Mission in delivering more social housing for our youth cannot be underestimated.
Often when young people are at risk of homelessness, they may have a range of complex needs that require a level of integrated support. These new studio apartments will have those onsite support facilities available along with communal living areas. Located close to the Werribee CBD, residents will importantly have easy access to public transport, educational facilities, shops and local services. It was a pleasure to meet a young resident named Paris, who said, ‘This saved my life; they gave me hope when I have nothing left,’ because nothing is more important than the safety, dignity and stability of somewhere to call home.
Victoria’s title as the number one state for jobs creation has been retained, with the Allan Labor Government recording the largest jobs growth in the country last month.
Australian Bureau of Statistics (ABS) results released today showed that an extra 29,300 Victorians found jobs in February – more than any other state or territory, bringing the total number of Victorians in work to a record 3.7 million people.
Fuelled by strong jobs growth, Victoria’s unemployment rate remained low, below four percent at 3.9 percent in February.
Since taking power in 2014, the Labor Government has driven the creation of almost 780,000 new jobs in Victoria.
Regional Victorian jobs have also soared since 2014, jumping by nearly 25 per cent, with a near-record 822,000 Victorians in regional areas now in work across the state, providing communities with stability and security.
Victoria has charted an impressive economic recovery, with ABS data showing the state’s economy growing by 9.1 per cent over the past two years – outpacing NSW, Queensland, Western Australia, and Tasmania.
Recent ABS national accounts results showed a strong 11.3 per cent boost in business investment in Victoria in the year to December 2023 – more than three percentage points above the 8.2 per cent national average.
The data reflects Victoria’s position as a viable investment destination, with business investment supported by a strong pipeline of construction projects across the state, creating job opportunities.
Independent analysts Deloitte Access Economics forecast that growth in Victoria’s economy and employment numbers will outpace all other states over the next five years.
Quotes attributable to Treasurer Tim Pallas
“Our commitment to fostering a positive business environment is driving investment and jobs growth, which benefit all Victorians.”
“This Government has always been focused on creating jobs – and that focus has delivered serious dividends for the record number of Victorians in work.”
Victoria’s title as the number one state for jobs creation has been retained, with the Allan Labor Government recording the largest jobs growth in the country last month.
Australian Bureau of Statistics (ABS) results released today showed that an extra 29,300 Victorians found jobs in February – more than any other state or territory, bringing the total number of Victorians in work to a record 3.7 million people.
Fuelled by strong jobs growth, Victoria’s unemployment rate remained low, below four percent at 3.9 percent in February.
Since taking power in 2014, the Labor Government has driven the creation of almost 780,000 new jobs in Victoria.
Regional Victorian jobs have also soared since 2014, jumping by nearly 25 per cent, with a near-record 822,000 Victorians in regional areas now in work across the state, providing communities with stability and security.
Victoria has charted an impressive economic recovery, with ABS data showing the state’s economy growing by 9.1 per cent over the past two years – outpacing NSW, Queensland, Western Australia, and Tasmania.
Recent ABS national accounts results showed a strong 11.3 per cent boost in business investment in Victoria in the year to December 2023 – more than three percentage points above the 8.2 per cent national average.
The data reflects Victoria’s position as a viable investment destination, with business investment supported by a strong pipeline of construction projects across the state, creating job opportunities.
Independent analysts Deloitte Access Economics forecast that growth in Victoria’s economy and employment numbers will outpace all other states over the next five years.
Quotes attributable to Treasurer Tim Pallas
“Our commitment to fostering a positive business environment is driving investment and jobs growth, which benefit all Victorians.”
“This Government has always been focused on creating jobs – and that focus has delivered serious dividends for the record number of Victorians in work.”
The Allan Labor Government is delivering a fairer go for Victorian businesses by abolishing stamp duty on Victorian commercial and industrial properties, with new legislation to be introduced to Parliament today.
The Commercial and Industrial Property Tax Reform Bill 2024 will transform commercial property tax by abolishing the upfront cost of stamp duty and replacing it with a more efficient Commercial and Industrial Property Tax – making it easier for businesses to set up, invest in new land and buildings and move to new locations.
Initially announced in the Victorian Budget 2023/24, the reform has been informed by ongoing consultation with key business and industry groups to ensure it supports and encourages property owners through the transition by making it as simple, fair and consistent as possible.
The commercial stamp duty reform is expected to add thousands of jobs to Victoria’s economy and benefit the state’s economy by up to $50 billion in cumulative net present value terms over the next 40 years.
From 1 July 2024, when a property is sold, it will transition into the new system, with stamp duty being payable one final time on that property, and then after ten years the Commercial and Industrial Property Tax applying at a rate of one per cent of the property’s unimproved land value.
To fund their final stamp duty payment, eligible purchases can access a transition loan provided by the Treasury Corporation of Victoria on commercial terms, freeing up capital for businesses so they can expand or employ more workers.
Owners of residential, primary production, community services, sport, heritage or cultural properties will not be affected by the reforms.
Existing stamp duty concessions for commercial and industrial properties, including the regional concession, will all continue to be available for the final stamp duty payment – and existing land tax exemptions will also apply to the Commercial and Industrial Property Tax.
Ahead of the 1 July 2024 start date, the Government will provide educational support on the reform, including helping industry and taxpayers navigate the transition to the new scheme.
Quotes attributable to Treasurer Tim Pallas
“While others talk about productivity reform, we're getting on with abolishing one of the least efficient taxes in the Federation to back Victorian businesses.”
“We’ve worked closely with industry to deliver these changes, supporting Victorian businesses to grow and expand faster without the burden of stamp duty.”
Quotes attributable to Victorian Chamber of Commerce and Industry CEO Paul Guerra
“This bold move to stimulate commercial property investment signals the Victorian Government’s willingness to further the conversation about tax reforms in a way that can benefit business growth in Victoria.”
The Allan Labor Government is delivering a fairer go for Victorian businesses by abolishing stamp duty on Victorian commercial and industrial properties, with new legislation to be introduced to Parliament today.
The Commercial and Industrial Property Tax Reform Bill 2024 will transform commercial property tax by abolishing the upfront cost of stamp duty and replacing it with a more efficient Commercial and Industrial Property Tax – making it easier for businesses to set up, invest in new land and buildings and move to new locations.
Initially announced in the Victorian Budget 2023/24, the reform has been informed by ongoing consultation with key business and industry groups to ensure it supports and encourages property owners through the transition by making it as simple, fair and consistent as possible.
The commercial stamp duty reform is expected to add thousands of jobs to Victoria’s economy and benefit the state’s economy by up to $50 billion in cumulative net present value terms over the next 40 years.
From 1 July 2024, when a property is sold, it will transition into the new system, with stamp duty being payable one final time on that property, and then after ten years the Commercial and Industrial Property Tax applying at a rate of one per cent of the property’s unimproved land value.
To fund their final stamp duty payment, eligible purchases can access a transition loan provided by the Treasury Corporation of Victoria on commercial terms, freeing up capital for businesses so they can expand or employ more workers.
Owners of residential, primary production, community services, sport, heritage or cultural properties will not be affected by the reforms.
Existing stamp duty concessions for commercial and industrial properties, including the regional concession, will all continue to be available for the final stamp duty payment – and existing land tax exemptions will also apply to the Commercial and Industrial Property Tax.
Ahead of the 1 July 2024 start date, the Government will provide educational support on the reform, including helping industry and taxpayers navigate the transition to the new scheme.
Quotes attributable to Treasurer Tim Pallas
“While others talk about productivity reform, we're getting on with abolishing one of the least efficient taxes in the Federation to back Victorian businesses.”
“We’ve worked closely with industry to deliver these changes, supporting Victorian businesses to grow and expand faster without the burden of stamp duty.”
Quotes attributable to Victorian Chamber of Commerce and Industry CEO Paul Guerra
“This bold move to stimulate commercial property investment signals the Victorian Government’s willingness to further the conversation about tax reforms in a way that can benefit business growth in Victoria.”
The Premier of New South Wales doesn't understand the GST system – not a dollar of NSW GST is going to Victoria.
Victoria has subsidised other states, not the other way around. We have paid more into the GST pool than we've received every year since its inception.
Victoria has received as little as 84 cents in the dollar and averaged 91 cents since the GST was introduced. What's more, Victoria's relativity has been below New South Wales for 14 of the last 25 years.
Contrary to Premier Minns' view, New South Wales does not provide Victoria with a GST windfall. Victoria receives less than our fair share under the GST pool. Victoria will receive an extra $1.5 billion from Commonwealth receipts not from other states, but by payments from the Commonwealth to top up the pool.
Next year, even with these payments, Victoria is still receiving less than its population share – as it has in every year since the GST was introduced.
If Premier Minns is concerned about mendicant states, I would remind him that New South Wales has been an infrastructure 'welfare recipient' from the Commonwealth at the expense of Victorians for decades.
In the Federal Government's latest mid-year economic and fiscal outlook, Victoria received one per cent of new infrastructure spending, and has only received 60 per cent of our population share over the past five years.
Victoria leads the nation in creating employment opportunities, with 530,000 jobs created since the depths of the pandemic, compared to 400,000 in NSW. Deloitte Access Economics forecasts that Victoria will lead all states in economic growth over the next five years.
Isn’t it just so Sydney of Premier Minns to bemoan Melbourne’s success.
The Premier of New South Wales doesn't understand the GST system – not a dollar of NSW GST is going to Victoria.
Victoria has subsidised other states, not the other way around. We have paid more into the GST pool than we've received every year since its inception.
Victoria has received as little as 84 cents in the dollar and averaged 91 cents since the GST was introduced. What's more, Victoria's relativity has been below New South Wales for 14 of the last 25 years.
Contrary to Premier Minns' view, New South Wales does not provide Victoria with a GST windfall. Victoria receives less than our fair share under the GST pool. Victoria will receive an extra $1.5 billion from Commonwealth receipts not from other states, but by payments from the Commonwealth to top up the pool.
Next year, even with these payments, Victoria is still receiving less than its population share – as it has in every year since the GST was introduced.
If Premier Minns is concerned about mendicant states, I would remind him that New South Wales has been an infrastructure 'welfare recipient' from the Commonwealth at the expense of Victorians for decades.
In the Federal Government's latest mid-year economic and fiscal outlook, Victoria received one per cent of new infrastructure spending, and has only received 60 per cent of our population share over the past five years.
Victoria leads the nation in creating employment opportunities, with 530,000 jobs created since the depths of the pandemic, compared to 400,000 in NSW. Deloitte Access Economics forecasts that Victoria will lead all states in economic growth over the next five years.
Isn’t it just so Sydney of Premier Minns to bemoan Melbourne’s success.