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The Latest Breaking News from Tim Pallas

Home builder Metricon denies rumours of collapse as industry faces major cost blowouts

Home builders are being warned to expect higher costs and lengthy delays until at least 2023 as the construction industry faces major financial headwinds.

The New Daily

Mark McGowan's WA budget surplus labelled 'unfair distortion' by Victorian Treasurer Tim Pallas

WA Premier Mark McGowan gets his response after goading the other states on the WA budget result, saying they would be "green with envy".

ABC News

Vic treasurer justifies project blowouts

Several Victorian infrastructure projects will cost taxpayers billions of dollars more than initially estimated but the treasurer has justified the overruns.

AAP

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Engineers welcome bid to rein in cost blowouts in Victorian government projects

Victoria’s treasurer, Tim Pallas, says government will standardise construction contracts and set up register of projects

The Guardian - AU

Deride and prejudice

Good morning, early birds. Prime Minister Scott Morrison has said Australia could become an unrecognisable “public autocracy” if a national ICAC with influence was established, and the Coalition has announced it would freeze the pension-deeming rate for two years if elected. It’s the news you need to know, with Emma…

Crikey

Tax relief not considered for Vic budget

Cushioning the blow of payroll taxes on businesses was not considered in Victoria's budget as the state instead eyes fiscal repair.

AAP

Victorian government delivers a budget that’s a tale of two elections

Analysis: While the budget seeks to repair the damage of the past two years, it’s clear some wounds are yet to heal

The Guardian - AU

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In an election budget, Victorian treasurer Tim Pallas is fighting a war on many fronts

Analysis: To fight his way back to surplus, Pallas relies on economic growth rather than spending cuts or increased taxes

The Guardian - AU

Victoria’s treasurer delivers health-focused budget and promises return to surplus

Tim Pallas announces new hospitals, clearing of a surgery backlog and hiring of thousands of healthcare workers

The Guardian - AU

Vic future fund to pay down pandemic debt

Treasurer Tim Pallas says Victoria's rising debt will be kept in check using a newly created future fund, predominantly financed by revamping its roads agency.

AAP

Victorian budget 2022 piles on debt to pump money into strained health system, education

Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into education and transport, all while it attempts to claw back a modest surplus in just four years.

ABC News

Victoria’s treasurer flags surplus in 2025/26 ahead of the state budget

Tim Pallas says Tuesday’s budget shows the state performed better than expected this financial year

The Guardian - AU

Vic to spend $12b on health post-COVID

Stretched to its limits over the past two years, Victoria's health system will receive a $12 billion boost as part of this year's pre-election budget.

AAP

Victorian state opposition unveils election promise for 'strong' IBAC and Ombudsman

Opposition Leader Matthew Guy says under the pledge, the Coalition will pump an extra $10 million into IBAC's budget per year and increase the Victorian Ombudsman's funding by $2 million per year.

ABC News

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The Guardian - AU

Victoria’s government quietly prepares an election budget while attention is diverted

Analysis: In days before last year’s budget, $4.2bn in commitments were announced. Just $277m has been announced ahead of Tuesday’s

ABC News

Crown poker machine taxes brought in line with pubs and clubs as Victorian government clamps down in budget

The upcoming Victorian budget will target Melbourne's embattled Crown Casino as a revenue source, raising taxes on its poker machine winnings.

The Guardian - AU

Victorian government calls for paid family violence leave for all workers

Take up of entitlement small, but the benefits are ‘far outweighing’ costs to businesses, academic says

AAP

Victoria agitates for 'fair share' of GST

Victorian Treasurer Tim Pallas is pleading with the federal government to reconsider how GST is carved up in COVID-19 times and beyond.

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ABC News

Victorian government ditches plan to tax developers to fund social housing projects

The levy on new developments would have raised about $800 million each year, but the property industry and councils strongly opposed the move.

AAP

'Scare campaign' kills Vic property tax

Victoria's proposed $800 million social housing levy and planning reforms package have been binned for good after the government butted heads with the industry.

ABC News

Victorian COVID-19 hospitalisations at 1,096 as 20 more deaths reported

Brett Sutton says Victoria is not yet at the peak of COVID-19 hospitalisations, as he urges people against becoming complacent about the risk posed by the Omicron variant.

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