INDUSTRY NEWS
33
VICTORIA
Mental health and wellbeing surcharge .05% in Victoria Without any consultation, the Victorian Treasurer Tim Pallas announced in his State Budget address in May 2021 that Victorian employers with a payroll of $10m or more, would be subjected to a Mental Health and Wellbeing Payroll Tax Surcharge of .05%. Commenced on 1 January 2022, this surcharge is to provide additional funding for Victoria’s mental health system.
These employers will commence paying the .05% surcharge when they lodge their January 2022 monthly return in PTX Express due on 7 February 2022. The surcharge is payable at the same time of payroll tax. If members pay payroll tax monthly, members will also pay the surcharge monthly and if members pay payroll tax annually, members will pay the surcharge annually.
Treasurer Pallas stated that the .05% mental health and wellbeing surcharge is a revenue mechanism that will provide a stable and dedicated form of additional funding for the mental health system.
The Treasurer failed to recognise independent supermarket and timber and hardware models have people employed to serve customers, unlike the chains which are continually mechanising to save on wages costs - margins in food and grocery are razor thin.
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