The review analysed the effect of the Point of Consumption Tax (POCT) on wagering operators, the racing industry in Victoria and Australia’s major sporting codes. It considers the effect of the tax on wagering and betting during the first twelve-months following the implementation of the POCT – that is, the 2019 calendar year.

The Fire Services Property Levy rate will be reduced on residential properties across the state as part of an overhaul that will make the charge simpler and more consistent - and reflect the establishment of Fire Rescue Victoria. Initiative: Freeze the Fire Services Property Levy (FSPL) collection levels

The Victorian Government is extending the $20,000 First Home Owner Grant for people buying or building a new home in regional Victoria for an extra 12 months, in another measure to support Victorians through the coronavirus pandemic. Initiative: First Home Owner Grant Extension

From 1 January 2019, the Victorian Government will replace the current wagering and betting tax structures with a point of consumption wagering and betting tax (POCT). The POCT will apply at a rate of 8 per cent of the net wagering revenue derived from all wagering and betting activity by customers located in Victoria. This...