Revenue Highlights

Performance against forecast for 2019-20

2019-20 Forecast $'000 Collections $'000 Variance
Payroll tax 7,287,000 6,574,034 -9.8%
Land transfer duty 6,024,700 6,142,647 +2.0%
Land tax 3,548,800 3,452,860 -2.7%
General insurance duty 1,251,600 1,274,007 +1.8%
Fire services property levy 709,100 708,096 -0.1%
Transport Accident Commission duty 215,900 210,171 -2.7%
Congestion levy 101,300 109,729 +8.3%
Growth areas infrastructure contribution 293,100 244,348 -16.6%
Liquor licence fees 25,200 -525 -102.1%
Metropolitan planning levy 20,000 20,865 +4.3%
Other miscellaneous duties 0 229 N/A
Commercial passenger vehicle service levy 67,300 67,238 -0.1%
Wagering and betting tax 121,800 131,631 +8.1%
Total revenue 19,665,800 18,935,330 -3.7%

 

 
 
 
$136,000,000 total revenue collected from absentee owners in 2019-20
$110,500,000 total revenue collected from absentee owners in 2018-19
3047 absentee owners in 2019-20
3026 absentee owners in 2018-19
$252,763,073 total revenue collected from foreign purchaser additional duty in 2019-20
$242,300,000 total revenue collected from foreign purchaser additional duty in 2018-19
5097 property transactions in Victoria by foreign purchasers in 2019-20
5852 property transactions in Victoria by foreign purchasers in 2018-19