• Victoria Tourism Industry Council (VTIC)
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Positive outcomes for Victorian tourism in 2019-20 State Budget

27 /05/ 2019 Comments are Closed

Measures to lower regional business costs, attract new investment and fund vital infrastructure are key pluses for Victorian tourism in the 2019-20 State Budget.

Victoria Tourism Industry Council (VTIC) Chief Executive Felicia Mariani said today’s announcement of a progressive 50 per cent reduction in land stamp duty for regional Victoria will help unlock the potential for new tourism investment and development across the state.

Regional tourism businesses will also benefit from the cut to the regional payroll tax rate, to 1.21 per cent by 2022-23, cementing regional Victoria’s status as the most attractive place in Australia to do business.

“With investment key to growing regional Victoria, VTIC welcomes the announced land stamp duty and payroll tax relief, however these measures must be complemented with wider reforms that reduce the complexity of the planning regime,” Ms Mariani said.

VTIC is pleased to see almost $61 million in direct investment for various tourism initiatives in 2019-20, including $32 million for Visit Victoria.

“While this investment in Visit Victoria is positive, a longer-term funding allocation is needed to ensure the state’s primary marketing agency can elevate Victoria’s status as a must-see destination at home and abroad.

VTIC applauds the budget’s investment in 2019-20 to grow the state’s art and cultural offering, including:

  • $2.8 million to redevelop the Australian Centre for the Moving Image.
  • $15.9 million to support National Gallery of Victoria’s Exhibition Model.
  • $4.5 million for the creation of Victoria Live – a new winter music festival to showcase the state’s live music scene and provide a significant boost to business and tourism.

“We look forward to working closely with the Andrews Government on initiatives to grow our significant Visitor Economy that contributes over $28 billion to the state and employs over 215,000 Victorians.

“The tourism and events sector is a key economic pillar for Victoria and warrants continued investment to maintain growth trajectory,” Ms Mariani concluded.

VTIC

About the Author

VTIC

The peak body for Victoria's tourism and events industry, VTIC represents key industry associations and operators, with over 1400 members.

Events

june

26jun5:45 pm7:45 pmNetworking Skills for Today's World5:45 pm - 7:45 pm The Cluster- The Lounge and Abell Boardroom

27jun10:00 am12:00 pmVictorian Tourism Awards - Q&A10:00 am - 12:00 pm RACV City Club

july

09jul5:45 pm7:30 pmVictorian Chamber Business After Dark5:45 pm - 7:30 pm The Hop Bar at Beer DeLuxe

17julallday18allday2019 Vic Tourism Conference(All Day) GMHBA Stadium

19jul9:00 am11:00 amignite+VUMental Health - it's on everyone's mind9:00 am - 11:00 am Victoria University: Footscray Park Campus

24jul7:00 am9:15 amVictorian Chamber presents: The Power of Purpose7:00 am - 9:15 am Palladium at Crown

august

07aug5:30 pm8:00 pmVictorian Chamber Fast ForwardSpeed Networking5:30 pm - 8:00 pm

21augallday23allday2019 Victorian Visitor Information Services Summit(All Day) Holmesglen at Eildon

21aug6:00 pm8:00 pmYTN presents: Career Confidence6:00 pm - 8:00 pm Victoria University

september

12sep6:00 pm8:00 pmYTN presents: Building Big Ideas - Discover your Inner Entrepreneur6:00 pm - 8:00 pm

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