Victorian Government releases draft legislation on proposed tax measures

Proposed changes include imposing duty on the acquisition of fixtures located in Victoria.

Following the release of the 2019-2020 Budget on Monday 27 May 2019, the Victorian Government has released draft legislation, State Taxation Acts Amendment Bill 2019 (Vic) (Bill). Our article on the 2019-2020 Budget can be found here.The draft legislation proposes significant changes including imposing duty on the acquisition of fixtures located in Victoria, changes to the corporate reconstruction exemption and expanding the “economic entitlement” rules, as well as increases to the Foreign Pu...

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Authors: Michelle Bennett, Tessa Livingston,

Published Date: 29 May 2019