• Victoria Tourism Industry Council (VTIC)
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Budgets deliver a mixed bag for tourism

27 /05/ 2015 Comments are Closed

Outdoor meal

With the recent handing down of the state and federal budgets, there’s been a lot to absorb, a lot to sift through and a lot to decipher. Let’s demystify the information at hand, reflect on what our industry has to look forward to and remember what we need to look out for.

The 2015-16 State Budget delivered many wins for the tourism sector. It contained additional funding of $80 million over four years to grow major events in Victoria, as well as a provision of up to $210 million for the Stage 2 development of the Melbourne Convention and Exhibition Centre (MCEC), a project VTIC has long championed.

The Budget was positive for regional Victoria, including a wide range of projects delivered through the Regional Jobs and Infrastructure Fund. Many of these will support visitation to regional destinations, such as the $19 million investment in the Grampians Peaks Trail, $30 million for the Geelong Performing Arts Centre and $8 million for the Sovereign Hill by Night program. We also welcome $20 million in funding to support regional arts and culture, including a regional touring strategy for major exhibitions, performances and programs.

The 2015-16 Federal Budget was strong in pushing Australia’s profile as a foreign investment destination, dedicating more than $50 million towards promotional activities in key markets.

Other highlights to assist Victorian small businesses included a 1.5 percentage point corporate tax cut for those with annual turnover of less than $2 million, while unincorporated small businesses (that also have annual turnover of less than $2 million) will be eligible for a five per cent tax discount of up to $1000 a year.

Despite the many wins delivered by both budgets, there were also some unwelcome surprises. The absence of confirmed details in the State Budget regarding tourism marketing and development and the Federal Government’s increase to visa application charges and the removal of the tax-free threshold for Working Holiday Maker (WHM) visa holders, were not desirable for many within the industry.

Despite this, we must remember to remain grateful for the support given thus far. As we eagerly await the findings of the Victorian Visitor Economy Review, we acknowledge that there are decisions to be made and will endeavour to head towards the future with a positive mindset.

The outcome of the state and federal budget processes was a mixed bag for Victorian tourism. However, despite being given a few sour worms, overall, it’s pretty sweet.

~ Chief Executive, Dianne Smith.

Dianne Smith

About the Author

Dianne Smith

Dianne Smith has enjoyed being Chief Executive of Victoria Tourism Industry Council (VTIC) since January 2012. In this role, Dianne draws on her vast knowledge and experience gained from over 20 years in the industry which has included marketing, visitor services, policy and strategy roles in regional Victoria and Melbourne.

Events

april

20apr10:00 am12:00 pmGoulburn River Valley Entrant Workshop2018 RACV Victorian Tourism Awards10:00 am - 12:00 pm Yea Peppercorn Hotel

27apr10:00 am12:00 pmThe Yarra Valley & Dandenong Ranges Entrant Workshop2018 RACV Victorian Tourism Awards10:00 am - 12:00 pm Meletos

30apr2:00 pm4:00 pmThe Great Ocean Road Entrant Workshop2018 RACV Victorian Tourism Awards2:00 pm - 4:00 pm Alkina Lodge

may

01may9:00 am5:00 pmDestination Melbourne presents: Accessible Tourism Masterclass9:00 am - 5:00 pm Crowne Plaza Melbourne

02may10:00 am12:00 pmThe Mornington Peninsula Entrant Workshop2018 RACV Victorian Tourism Awards10:00 am - 12:00 pm St Andrews Beach Brewery

02may12:00 pm2:30 pmVictorian Chamber presents: Post-Budget Lunch with Tim Pallas MP, Treasurer of Victoria12:00 pm - 2:30 pm The Ballroom, Park Hyatt Melbourne

02may5:30 pm7:30 pmVTIC 2018 Mixer Series - May Tourism Networking EventConnect and reconnect at our monthly mixers5:30 pm - 7:30 pm Mercure Melbourne Treasury Gardens

04may10:30 am12:30 pmThe Ballarat Entrant Workshop2018 RACV Victorian Tourism Awards10:30 am - 12:30 pm Ballarat Town Hall

07may10:00 am12:00 pmGeelong & the Bellarine Entrant Workshop2018 RACV Victorian Tourism Awards10:00 am - 12:00 pm Tourism Greater Geelong & the Bellarine

14may10:00 am12:00 pmGrampians Entrant Workshop2018 RACV Victorian Tourism Awards10:00 am - 12:00 pm Aradale Asylum

16may10:00 am12:00 pmBendigo Entrant Workshop2018 RACV Victorian Tourism Awards10:00 am - 12:00 pm Masons of Bendigo

16may10:30 am11:30 amVTIC Webinar Series - Turning small business competitors into partnersImproving the world, one webinar at a time!10:30 am - 11:30 am

31may9:00 am5:00 pmDestination Melbourne presents: Melbourne LIVE9:00 am - 5:00 pm Arts Centre Melbourne - The Pavilion

june

06jun6:00 pm8:00 pmVTIC 2018 Mixer Series - June Tourism Networking EventConnect and reconnect at our monthly mixers6:00 pm - 8:00 pm SEA LIFE Melbourne Aquarium

july

04jul6:00 pm8:00 pmVTIC 2018 Mixer Series - July Tourism Networking EventConnect and reconnect at our monthly mixers6:00 pm - 8:00 pm SEA LIFE Melbourne Aquarium

30jul(jul 30)8:00 am31(jul 31)3:30 pmVictorian Tourism Conference 2018SAVE THE DATE8:00 am - 3:30 pm (31) RACV Cape Schanck Resort

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