Premier tells budget estimates hearing the ‘revenue derived from this measure will almost certainly be less that what has been forecast’
Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcast
The Victorian government has watered down its plan strip 110 private schools of their longstanding payroll tax exemption, with Daniel Andrews conceding the measure will not raise as much money as forecast in last week’s state budget as a result.
According to the budget, about 110 “high-fee” schools, or “around the top 15% by fee level” were to lose their payroll tax exemptions from mid-2024, raising more than $420m over three years. That estimate was based on an annual fee threshold of about $7,500 per student
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
About Author
More Stories
Rescuers lose hope of finding boy swept off rocks at Central Coast beach alive
Russia criticises Canberra’s ‘hostile stance’ as it looks into reports Australian fighter captured in Ukraine
Eastern Australian states brace for extreme fire threat amid soaring temperatures and high winds