• Commercial Law

    Commercial Law

    We are business people as much as we are lawyers. We will take care of the legal documents so you can confidently run your business.
    As your business grows, its risk profile and governance challenges will change. We partner with our clients over the long term to ensure they are in the driver’s seat for success.

  • Dispute Resolution

    Dispute Resolution

    We are in your corner when the going gets tough. Having resolved over 6,500 disputes for business owners have seen it all before.

    Whether you need a skilled negotiator or a fearless litigator, we specialise in delivering commercial results when:

    Customers refuse to pay;
    Suppliers let you down; and
    Business Partners do the wrong thing.

  • Employment & Safety

    Employment & Safety

    The biggest challenge for any business owner, is managing their employees.

    A difficult employee can make you question why you got into business in the first place and be toxic to your team morale.

    We deliver proactive solutions to manage your team via employment contracts, policies and procedures as well as handling employment disputes when they arise.

  • Property & Construction

    Property & Construction

    Property is the key most wealth in Australia.  Whether you are buying, selling, leasing or developing property, you need a lawyer you can count on.

    We can advise on the whole property development process from obtaining finance to development approvals, construction and sale or leasing.

    We also act for the Master Builders Victoria and have extensive expertise in construction contracts and disputes.

  • Family Law

    Family Law

    At Taurus Legal Management we understand the unique challenges clients encounter during family disputes, especially when children are involved. Our family lawyers specialise in handling high-asset cases with a focus on protecting clients wealth, securing their family’s future, and safeguarding the best interests of their children.


The 2023 Victorian State Government Budget has been released, and there are some noteworthy changes to the land tax system as a result of the impact of COVID-19.

From 1 January 2024:

  1. The tax-free threshold for general land tax will be lowered from $300,000 to $50,000;
  2. A ‘COVID-19 debt temporary surcharge’ will apply in addition to existing land lax as follows:
    • $500 flat fee will be charged for taxable landholdings between $50,000 and $100,000;
    • $975 flat fee will be charged for taxable landholdings between $100,000 and $300,000;
    • $975 flat fee will apply and an increased rate of land tax by 0.10% of the value for taxable landholdings above $300,000; and
    • $975 flat fee will apply and an increased rate of land tax by 0.10% of the value for trust taxpayers with landholdings over $250,000.

These changes are expected to help repay approximately $4.74 billion (of the $31.5 billion spent by the Government during the pandemic). This will impact 860,000 taxpayers; which includes 360,000 new taxpayers who have not previously been required to pay land tax.

Anyone currently holding property or looking to enter the market, should consider their options immediately.


All existing land tax exemptions will still continue to apply. The main exemption, being the principal place of residence, saves land tax being charged on the home in which you reside.

Other exemptions include land used for primary production purposes (for example, farmland), retirement homes and land owned by charities or religious institutions.

Absentee surcharge doubled

The Government also proposes to increase the Absentee Owner Surcharge from 2% to 4%. The minimum threshold for non-trust landowners will also reduce from $300,000 to $50,000 – and will remain the same for trusts.

This applies to all types of taxable land including commercial and industrial land.

Stamp duty removed for commercial properties – replaced with annual property tax

From 1 July 2024, stamp duty on commercial and industrial properties will be eliminated and replaced with an annual property tax. This will be at a set rate of 1% of the properties unimproved land value.

The first purchaser of a commercial or industrial property will be given two options to pay the property’s stamp duty:

  1. Upfront; or
  2. Pay fixed instalments over 10 years equal to stamp duty (plus interest, funded by a government-facilitated transition loan).

Extensions to builder insolvencies

From 1 January 2024, if you are affected by builder insolvencies, you will be able to extend the land tax exemption for an additional 2 years if your principal residence is undergoing construction or renovation.

What does this mean for you?

These changes have not yet received final approval from the Victorian Parliament. However, they are set to receive final approval soon. We recommend that you follow any updates and be proactive in considering your landholding and budgeting for these changes.

If you own land or are a potential buyer and are unsure as to how these changes will affect you, please contact our experienced property and commercial team on (03) 9481 2000 or info@tauruslawyers.com.au.

Posted by Taurus Legal Management