Victorian election promises
Economy and tax policies and promises at the 2026 Victorian election
What each side says on taxes, debt, jobs and business: first from their own policy pages and releases, then as quoted in the ads they've paid for. Labor 1, Liberal 4, Nationals 2.
From the parties' own policies
Summaries of each party's policy pages and releases, in their words, with what they commit to. Follow the link for the full policy.
Not here yet: One Nation. We can't read their policy pages automatically, so read them on their own sites; what they say in their ads is below.
Victorian Government
Government support for Prestige Jayco Geelong expansion
The Victorian Government says it is supporting a Geelong motorhome and caravan dealership's new workshops, service facilities and work bays at its Newcomb site. The company says the expansion will create 15 new jobs, bringing staff to 57, and will double service capacity.
- Support Prestige Jayco's new workshops and work bays in Geelong
- Expansion expected to create 15 new jobs
- Total employees to rise to 57
Additional $75 million drought support package for farmers
The Victorian Labor Government says it is investing an additional $75 million, bringing the total drought support package to $144 million, to help farmers and regional communities through the drought. Measures include property rate-equivalent payments and cash flow relief in south west Victoria, water infrastructure, and fee relief.
- Invest $35.8 million in Primary Producer Support Payments equal to a 40 per cent property rate reduction in south west Victoria
- Provide household payments of up to $1,000 via $2 million to the Country Women's Association in eligible south west LGAs
- Invest a further $5.9 million in decision-making support, mental health services and farm debt mediation for 12 months
- Provide a $6.3 million fee and duty relief package for primary producers
- Invest $15 million to extend the East Grampians Rural Pipeline, matched by $15.6 million from Grampians Wimmera Mallee Water
Community Development Fund grants for former forestry communities
The Victorian Government says it is investing more than $2 million in Round 2 of the Community Development Fund to create jobs and help former forestry communities in North East Victoria and Gippsland. It says Round 3 will make a further $5 million available to eligible organisations in named townships.
- Invest more than $2 million across several Round 2 projects
- Provide $500,000 to Upper Murray Inc for a Local Development Strategy
- Make a further $5 million available in Round 3 for eligible organisations
Lift payroll tax-free threshold to $1 million
The Victorian Government says the payroll tax-free threshold rises from $900,000 to $1 million from 1 July 2025, following an earlier lift from $700,000. It says about 6,000 businesses will stop paying payroll tax and 22,500 will pay a reduced amount.
- Lift payroll tax-free threshold from $900,000 to $1 million from today
- About 6,000 businesses no longer paying any payroll tax
- 22,500 businesses paying a reduced amount, saving up to $14,550 per year
New Holden heritage showroom at Trafalgar Holden Museum
The Victorian Government says a new showroom, the Neil Joiner Holden Heritage Centre, is now open at the Trafalgar Holden Museum in Gippsland. It was backed by the Regional Tourism Investment Fund and is expected to increase visitation and support the regional tourism economy.
- Build a new showroom, mezzanine gallery and 24 display booths at Trafalgar Holden Museum
- Display 18 heritage vehicles loaned by General Motors in the new Centre
- Fund fire alarm system upgrades at the museum via the Tiny Towns Fund grant
Wine industry extension officer funding
The Victorian Government says it is investing $160,000 in Wine Victoria to provide knowledge, tools and resources to the wine industry, matched by Wine Australia to total $400,000. The funding is said to expand advice and support to grape growers and winemakers on sustainability and innovation.
- Invest $160,000 in Wine Victoria for wine industry support
- Wine Australia matches funding to total $400,000
- Add an extension officer within a national network of officers
- Launch the Victorian Wine Strategy later in 2025
Victorian Labor
Cut land tax by raising the threshold to $300,000
Labor says it will progressively raise the land tax threshold from $50,000 to $300,000 over six years, starting in its first Budget in 2027. It says more than 250,000 Victorians would no longer pay land tax, saving up to $975 a year once fully implemented.
- Raise land tax threshold from $50,000 to $300,000 over six years
- Increase threshold by $25,000 from 2027/28, saving 33,000 Victorians $500 in year one
- Further $25,000 threshold increase in 2028/29, saving 27,000 Victorians $500 a year
- Savings of up to $975 a year for more than 250,000 Victorians once fully implemented
Make It Here Guarantee for local public transport manufacturing
Victorian Labor says a re-elected Carroll Labor Government would require every future train, tram and bus procurement to meet a minimum 50 per cent local content target. The party says this would protect 10,000 Victorian manufacturing jobs.
- Require every future train, tram and bus procurement to meet local content target
- Minimum 50 per cent local content for future public transport procurement
Make It Here Fund to create 5,000 manufacturing jobs
Victorian Labor says a re-elected Carroll Labor Government would create a $350 million Make It Here Fund to back Victorian manufacturers and create 5,000 new manufacturing jobs across Victoria. The fund would focus on advanced manufacturing, food and fibre, health and medical research, and defence.
- Create a $350 million Make It Here Fund
- Create 5,000 new manufacturing jobs across Victoria
- Provide $200 million for equity co-investment
- Provide $150 million for industry grants
- Seek $2 of private investment for every $1 of grant funding
Three-year stamp duty moratorium for discretionary trust restructures
Victorian Labor says it will legislate a three-year stamp duty waiver for eligible discretionary trusts restructuring after Commonwealth tax changes, with eligibility based on the Commonwealth's rollover relief. Consultation with stakeholders on drafting is due in the new year. The release also says the government is confirming budget surpluses over the next four years.
- Legislate to waive stamp duty for discretionary trusts transitioning due to Commonwealth tax changes
- Three-year stamp duty moratorium for eligible discretionary trusts restructuring into alternate arrangements
- Eligibility based on Commonwealth rollover relief qualification
- Consult key stakeholders on drafting legislation in the new year
- Budget to remain in surplus for the next four years
Antimony processing facility in Northern Victoria
Victorian Labor says it will invest $20 million towards Australia's first antimony processing facility in Northern Victoria, which it says would support around 200 construction jobs and 60 ongoing skilled jobs. It also says it will introduce Royalties for the Regions, reserving mining royalties for regional roads, hospitals and schools.
- Invest $20 million towards Australia's first antimony processing facility in Northern Victoria
- Facility expected to produce up to 5,000 tonnes of antimony a year
- Facility expected to support around 200 construction jobs and 60 ongoing skilled jobs
- Introduce Royalties for the Regions, reserving every dollar of mining royalties for regional roads, hospitals and schools
Establish Growth Area Entrepreneur Club for small business training
Victorian Labor says a re-elected Carroll Labor Government will invest $100,000 to deliver small business training and networking support in Melbourne's northern suburbs. The party says the club would help more small business owners develop the skills and support to run their own businesses.
- Invest $100,000 in a Growth Area Entrepreneur Club
- Deliver small business training in Melbourne's northern suburbs
- Provide networking support for local small business owners
The Nationals
Return Victoria's budget to surplus by 2032
The Nationals say they will run a 10-year Economic Plan to return Victoria's budget to surplus by 2032. The plan includes a back-office hiring freeze for non-essential public servants, a Financial Integrity Plan, and a higher payroll tax-free threshold for small and family businesses.
- Return the budget to surplus by 2032 under a 10-year Economic Plan
- Freeze hiring of back-office public servants, protecting essential services and frontline staff
- Establish a Royal Commission into CFMEU misconduct
- Create a Construction Enforcement Victoria to uphold integrity on taxpayer-funded worksites
- Legislate a Charter of Budget Honesty and a real-time Public Expenditure Tracker
Latrobe Valley Jobs and Industry Plan with $20 million
The Liberals and Nationals say a Jess Wilson-led government would invest an initial $20 million in a Latrobe Valley Jobs and Industry Plan. The plan would include a taskforce within Regional Development Victoria to attract and deliver private sector industry and jobs in the Valley.
- Invest an initial $20 million in a Latrobe Valley Jobs and Industry Plan
- Establish a taskforce within Regional Development Victoria for the Valley
- Attract new industries including advanced manufacturing, energy projects and data centres
- Support businesses already in the Latrobe Valley to expand and create jobs
Reforms to liquor licensing and event approvals for the 24-hour economy
The Liberals and Nationals say they would introduce reforms to liquor licensing and event and festival approvals to support pubs, restaurants, live music venues and festivals in Victoria. The package includes a new 24-hour economy advocate, a six-week statutory timeframe for standard liquor licence decisions, and streamlined festival and PoPE permit processes.
- Appoint a 24 Hour Economy, Music and Events Advocate
- Six-week statutory decision timeframe for standard liquor licence applications
- Introduce Trusted Operator Status with multi-year licences for compliant venues
- Identify incentives for venues hosting live music, including fee discounts and trading-hour extensions
- Streamline approvals for major and international events and festivals
10-year economic plan to repair Victoria's budget
The Nationals say a Liberal and Nationals Government would deliver a 10-year economic plan to return Victoria to cash surplus by 2032, easing pressure on households and businesses. The plan would scrap the Emergency Services Tax on the family home, provide payroll and land tax relief for regional businesses, and redirect spending towards regional roads and infrastructure.
- Scrap the Emergency Services Tax on the family home
- Deliver payroll tax and land tax relief for regional businesses
- Redirect spending from Melbourne megaprojects to local roads and infrastructure
- Introduce a hiring freeze on back-office bureaucrats
- Reopen conventional gas exploration
Cut $31 billion in spending and fund a Tax Back Guarantee
The Nationals say the Coalition has identified $31 billion in savings from cutting Labor's waste, corporate welfare and bureaucracy, which they say would fund a Tax Back Guarantee for lower income taxes. They also say they would impose a speed limit on spending so government expenditure grows no faster than the economy, and establish a Future Generations Fund using Budget windfalls to pay down debt and invest in infrastructure.
- Identify $31 billion in savings by cutting waste, corporate welfare and bureaucracy
- Deliver lower taxes on incomes through a Tax Back Guarantee
- Leave the Budget $22 billion better off over four years
- Limit government spending growth to no faster than the economy
- Establish a Future Generations Fund using Budget windfalls to pay down debt and invest in infrastructure
Victorian Socialists
Establish a state-owned Victorian bank
Victorian Socialists say they would establish a State Bank of Victoria, run in the public interest, to protect savings and offer owner-occupier home loans at below-market rates. The party says returns above operating costs would fund public housing and infrastructure; no timeline is given on the page.
- Establish a State Bank of Victoria with a charter to protect savings
- Offer owner-occupier home loans at below-market rates
- Not offer loans to residential property investors
- Return revenues above operating costs to a government fund for public housing and infrastructure
- Offer priority lending for public housing, renewable energy and Murray-Darling water projects
Tax wealth, business and resources to fund public services
The Victorian Socialists say they would raise extra state revenue from billionaires, large businesses, banks, retailers and resource companies to fund public services and infrastructure. The page lists wealth, property, payroll, royalty, bank, retailer and gambling taxes, plus ending some concessional leases and land tax exemptions.
- Apply a 10 percent yearly wealth tax on billionaires living in Victoria
- Apply a 5 percent yearly tax on the top 1 percent of Victorian residences by last sale price
- Double payroll tax for companies and trusts with wages above $5 million
- Raise resource royalties to a flat 35 percent
- Impose a 20 percent state Bank Profits Tax on the biggest five banks in Victoria
Workers' power: union rights, wages and public sector jobs
Victorian Socialists say they will remove restrictions on strikes, cap public executive pay at five times the median full-time wage, and reverse outsourcing and privatisation. They also propose a $35-an-hour minimum wage for workers in government-funded services and bringing WorkCover fully into public ownership.
- Remove all restrictions on workers' right to strike
- Cap public sector executive pay at five times Victoria's median full-time wage
- Reverse outsourcing, privatisation and labour hire in government
- Mandate a $35-an-hour minimum wage for government-funded service workers
- Bring WorkCover fully into public ownership
Renationalise Qantas and guarantee David Jones workers' entitlements
Victorian Socialists call on the federal government to renationalise Qantas immediately or withdraw its subsidies and support. They also call on the federal government to guarantee all David Jones workers receive entitlements they are owed, and for a public inquiry into Anchorage Capital's record.
- Renationalise Qantas immediately, or withdraw all existing subsidies and support
- Guarantee every David Jones worker receives all entitlements owed
- Call for a public inquiry into Anchorage Capital's record
Tax the rich and fund public services instead of AUKUS
Victorian Socialists say they would invest heavily in government-built public housing, publicly run disability, aged care and childcare services, funded by taxing the rich, and spend nothing on AUKUS. The page criticises the federal budget's tax changes, NDIS cuts and defence spending as insufficient, and says the party wants these demands on the agenda at the November state election.
- Huge investment in new public housing built and owned by government
- Publicly operated and funded disability support services
- Publicly operated and funded public aged care and childcare services
- Tax the rich to pay for these services
- Not a single cent for AUKUS
Victorian Greens
Finance and public administration policy principles and aims
The Victorian Greens say government should be run to benefit the many, with a tax system that is progressive and redistributive and a public service kept in public hands. The policy lists aims including abolishing stamp duty and payroll and insurance taxes, replacing them with land value tax, and bringing outsourced services back into the public sector.
- Abolish land transfer duty ('stamp duty') and increase land value taxes
- Abolish insurance taxes and duties
- Abolish payroll taxes
- Abolish public-private partnerships for major projects
- Bring outsourced and privatised core services back into the public sector
Sustainable industrial strategy and just transition for Victoria
The Victorian Greens say Victoria needs a sustainable industrial strategy to support decarbonisation, secure unionised jobs and local communities in transition. The party proposes conditioning government industry bail-outs on democratising ownership and meeting social and environmental objectives, and establishing regional transition authorities.
- Make government industry bail-outs conditional on democratising ownership structures
- Establish transition authorities in regional centres to manage local transformation funds
- Offer no-interest loans and first right to buy schemes to threatened regional workers
- Create a new funding scheme for early-stage social and community enterprises
- Include employment, environmental, social and economic impact assessments in government programs
Tax big banks, gambling and property developers to fund housing and services
The Victorian Greens say they will raise taxes on big banks, gambling companies, coal and gas giants, ultra-wealthy property investors and property developers. The party says the revenue will make housing more affordable and fund public services, and that the plan is fully costed.
- Quarterly levy of 0.1% on Victoria's share of bank liabilities, starting immediately
- Raise online gambling tax to 25%, stop revenue going to racing
- Raise pokies tax to 75% and double tax on casino table games
- Double existing coal and gas royalties
- Double land tax for investors owning over $5 million in residential investment properties
Libertarian Party
Constitutional limits on Victorian government spending
The Libertarian Party says it would introduce constitutional spending limits in Victoria, including forced balanced budgets and a cap of 15% on spending relative to the economy. It also says it would cancel the Suburban Rail Loop debt and stop secret slush funds.
- Force balanced budgets
- Cap government spending at 15% of the economy
- Track every dollar publicly
- Stop secret slush funds
- Cancel the Suburban Rail Loop debt
Cut Victorian state taxes over 10 years
The Libertarian Party of Victoria says it would cut state taxes over 10 years, including abolishing the Emergency Services and Volunteer Fund levy, phasing stamp duty down to 0%, and slashing payroll tax by over 65%. It says it would pay for the cuts with a 4% annual cut to government bureaucrat spending and by stopping the Suburban Rail Loop.
- Dump the Emergency Services and Volunteer Fund levy
- Phase stamp duty down to 0%, permanently
- Slash payroll tax by over 65%
- Deliver tax relief gradually over 10 years
- 4% cut to government bureaucrat spending each year
Animal Justice Party
Ethical economy with Jobs Guarantee and Universal Basic Income
The Animal Justice Party says it supports a broader ethical economy measure beyond GDP, a 21st century 'New Deal' of public investment, a Jobs Guarantee and a Universal Basic Income as a basic right. It also proposes taxing industries that harm animals and the environment, and ending their subsidies. No timeline or costing is given on the page.
- Introduce broader economic measures recognising the intrinsic value and wellbeing of animals, nature and people
- End subsidies to products derived from animal exploitation and environmentally destructive practices
- Implement a Jobs Guarantee offering work to anyone of legal working age who wants it
- Implement a Universal Basic Income as a basic human right
- Appoint a Future Generations Commissioner
Family First
Economic policy: enterprise, tax and fiscal responsibility
Family First says it will seek a flourishing economy by reducing government debt, cutting red and green tape for small businesses, and reducing the size of government. It also says it would reduce the small business company tax rate for Australian-owned businesses and review company tax so multinationals establish and employ locally.
- Reduce the small business company tax rate for Australian-owned businesses
- Increase the GST reporting threshold
- Reduce red and green tape for small and family businesses
- Tackle government debt on a pathway to fiscal responsibility
- Review company tax so multinationals employ Australians and hold accounts locally
Liberal Party
Ten year economic plan to return Victoria's budget to surplus
The Liberal Party says its ten year economic plan will return Victoria to a cash surplus by 2032, reduce debt and interest costs, and deliver cost of living relief. The plan also covers business tax relief, housing, skills, infrastructure and energy security.
- Return the budget to cash surplus by 2032
- Scrap the Emergency Services Tax on the family home
- Exempt first home buyers from stamp duty up to $1 million
- Abolish the Schools Tax and remove the GP Tax
- Introduce a legislated Charter of Budget Honesty
In their ads
Labor 1 promise
Land tax
Labor will cut land tax for over 9,000 residents in Melbourne.
Liberal 4 promises
Taxes
Scrap the emergency services tax, GP tax, schools tax and holiday and tourism tax.
Tax cuts
Our Plan will cut land tax and payroll tax.
Emergency services tax
Our Plan will scrap the emergency services tax on every family home, business and farm within the first 100 days.
Precinct funding
Deliver our $10 million Chapel Street Rescue Package.
Nationals 2 promises
Budget surplus
Return Victoria to a cash surplus by 2032.
Emergency services tax
We'll scrap Labor's emergency services tax on the family home.
No economy and tax promises in ads from Greens or Minor parties or Independents yet. That's what they've advertised, not necessarily their policy.
Recent votes in parliament on economy and tax
What MPs actually voted for, from Hansard.
Mineral resources: motions
Voting yes supported disallowing statutory rules 111 and 112, which set new mineral resources fees under the Mineral Resources (Sustainable Development) Act 1990, and noting the fee increases averaging 234 per cent.
Defeated 15 to 19
Consumer Legislation Amendment Bill 2026: third reading
Voting yes supported the Consumer Legislation Amendment Bill 2026 passing its third reading, which means passing the bill in its final form.
Passed 29 to 2
Consumer Legislation Amendment Bill 2026: committee
Voting yes supported making the amendments to the Consumer Legislation Amendment Bill 2026 during committee stage, though the amendments were defeated.
Defeated 11 to 18
Consumer Legislation Amendment Bill 2026: committee
Voting yes supported making the amendments to the Consumer Legislation Amendment Bill 2026 during committee, as the question put was whether the Council agreed to the amendments.
Passed 17 to 13
Consumer Legislation Amendment Bill 2026: committee
Voting yes supported agreeing to amendment 1 on sheet 41C to the Consumer Legislation Amendment Bill 2026, which would also settle the remaining amendments on that sheet; the amendment was defeated.
Defeated 11 to 18
Budget papers 2026–27: second reading
Voting yes supported making the amendment to the Budget Papers 2026–27 second reading.
Defeated 14 to 23
Other topics
- Health
- Cost of living
- Housing
- Crime and safety
- Education
- Transport and infrastructure
- Energy
- All victorian election promises
Policy summaries are written by AI from each party's own page and checked against it; every commitment listed appears on the page. Ad quotes are taken from the ads' text and video by AI and grouped by subject; "See the ad" opens the original. How this works.