9 things to know about your HECS-HELP debt
During high-inflation periods, your HECS-HELP debt can grow significantly. Here is everything you need to know about HECS-HELP debts....
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On 7 May 2024, the Victorian Treasurer, Tim Pallas, handed down the 2024/25 Victorian State Budget.
As foreshadowed, the Budget was less about tax reform and more about reductions and deferrals of capital expenditure commitments so as to improve the State’s ‘bottom line’. The budget also focused on combatting workforce shortages through targeted spending measures.
While the 2024/25 State Budget is low on tax reform measures, the 2023/24 State Budget delivered last year contained many reform measures some of which are already operational and some of which will become operational shortly. These measures are:
Additionally, those measures announced in the 2023/24 State Budget that have already commenced include:
If you have any further questions in relation to the 2024/25 Victorian State Budget or the measures introduced in the 2023/24 State Budget, please do not hesitate to contact your BG Private advisor, or contact our Tax Advisory Partner, Tim Olynyk, on +61 3 9810 0700 or