There is an aspect of the State Taxation Acts Amendment Bill 2019 that was not mentioned in the Victorian budget, and which is causing consternation in development circles, relating to an entire new Part, dealing with ‘economic entitlements’, which goes further than the pretext justified (namely: reversing the effect of the 2016 Victorian Supreme Court case of BPG Caulfield Village Pty Ltd v Commissioner of State Revenue. (See the related Tax Technical article about the balance of this Bill.)

See below for further details.

FJM 31.5.19

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