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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the latest in property, including the much-talked-about use of macro-prudential measures to cool the rapidly expanding market.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about soaring ETFs, what they are and why young investors, in particular, are jumping onboard their latest surge. Dr Zhong also takes a closer look at BNPL platforms.

And lastly, tax and super guru Timothy Munro gives his thoughts on Prime Minister Scott Morrison’s choice to backtrack on any further SG changes and looks at the impending end of the low and middle income tax offset.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Victorian travel vouchers: How to snap up yours today

By Cameron Micallef

December 11 2020
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Invest

Victorian travel vouchers: How to snap up yours today

By Cameron Micallef
December 11 2020

As part of his plan to boost the economy post the state’s lengthy COVID-19 lockdown, Dan Andrews is due to gift eligible Victorians $200 to encourage travel to regional areas.

Victorian travel vouchers: How to snap up yours today

By Cameron Micallef

December 11 2020
Share

As part of his plan to boost the economy post the state’s lengthy COVID-19 lockdown, Dan Andrews is due to gift eligible Victorians $200 to encourage travel to regional areas.

The Labor government announced as part of the Victorian budget 20-21 that it will invest $465 million in the Victorian Tourism Recovery Package to help the sector bounce back after a year of bushfires and necessary health restrictions to protect Victoria from coronavirus.

Under the proposal, $28 million will be spent on 120,000 vouchers worth $200 each, to offset the cost of accommodation, attractions and tours in regional Victoria.

The vouchers will be rolled out in tranches, with 40,000 vouchers valued at $200 each redeemable for travel between Saturday, 12 December, and Friday, 22 January, providing a major boost for the operators of accommodation and tourism businesses across the state in the peak summer holiday period.

The vouchers will be available from 10:00am tomorrow, with successful applicants able to redeem their voucher after they have travelled, ensuring cash flows immediately to regional businesses.

Additional lots of 40,000 vouchers will become available on 20 January for travel between 27 January and 1 April and on 30 March for travel between 6 April and 31 May – spreading the benefits for regional communities well into the year.

Any vouchers not used in the first two rounds will be added to the third round.

Tourism Minister Martin Pakula said that it is a chance for Victorians to take a well-deserved break while supporting their state.

“A bit more money in people’s pockets means they can see more and do more in regional Victoria – helping local businesses and the people and communities they support to bounce back,” the Minister said.

“Whether it’s a trip to a winery region or a tour along one of our stunning stretches of coastline, you can’t take a wrong step in regional Victoria.”

The voucher scheme is open to Victorian residents aged 18 or over when they spend a minimum $400 on accommodation, experiences or tours in regional Victoria in specified periods.

Vouchers will be limited to one per household and travellers will be required to spend at least two nights in paid accommodation in regional Victoria to qualify for the scheme.

Victorians are able to register through the Business Victoria website and, if successful, be provided with a link to redeem the voucher after their travel is completed.

Vouchers will be allocated on a first-come-first-served basis.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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