The State Taxation Legislation Amendment Bill 2014 (Vic) was introduced into the Victorian Legislative Assembly on 4 February 2014. It proposes to implement a number of measures announced in the Victorian State Budget Update for 2013-14 (handed down in December 2013), including measures in relation to the congestion levy and gaming arrangements.
Among other things, the Bill also proposes to make changes to the fire services property levy to address various technical and administrative issues, and to ensure that the fire services property levy can be adjusted retrospectively, where a supplementary valuation gives rise to a change in the levy.
Date of effect: The changes concerning the Congestion Levy Act 2005 (Vic), the Gambling Regulation Act 2003 (Vic), and the Valuation of Land Act 1960 (Vic) will commence on the day after the Bill receives Royal Assent. The amendments to the Fire Services Property Levy Act 2012 (Vic) will commence from 1 July 2014 to coincide with the beginning of the new levy year.
[LTN 25, 7/2/14]