There have been several recent amendments relating to the charity exemptions available regarding land tax. The previous State Revenue Office ruling LTA-009 has been replaced with LTA-009v2 in reference to the exemptions under section 78B and 78C of the Duties Act 2000 introduced by the State Taxation Amendment Act 2024 and section 78D introduced by the State Taxation Further Amendment Act 2024.

This new ruling has provided important clarification on aspects of land tax exemptions available to charities as well as filled necessary gaps in the relevant legislation.

The National Rental Affordability Scheme (NRAS) in Victoria is ending with the final properties exiting the scheme by 2026. Investors at this time will be faced with the decision as to whether they wish to transition their properties to the open market, sell or retain them for affordable housing. The Victorian Government has said that its aim is to keep the properties within the affordability housing sector but encouraging collaboration with the Community Housing Providers (CHP).