Allens has advised the Treasury Corporation of Victoria (TCV) on the implementation of the transition loan program as part of the Victorian Government's significant stamp duty reform in relation to commercial and industrial real estate.
The transition loan program is designed to assist Victorian businesses in adapting to the new stamp duty regime by enhancing liquidity for businesses investing in commercial and industrial property.
'The stamp duty reform represents a pivotal change in the tax landscape, and we are pleased to have supported TCV in this important initiative. It is expected to bolster business confidence and drive long-term economic benefits for the state,' said Partner James Darcy.
A cross-practice team advised on the transition loan documentation, navigating multiple dimensions relating to finance structuring, financial regulation, legislative amendments to the TCV Act, and privacy considerations.
