Additional Business Support in Victoria
The Victorian Government announced updated restrictions for Melbourne and regional Victoria to help slow the spread of coronavirus (COVID-19) in Victoria.
Stage 4 restrictions are in place from 6pm on Sunday 2 August 2020 for metropolitan Melbourne.
Stage 3 restrictions are in place from 11:59pm on Wednesday 5 August 2020 for Regional Victoria, including Mitchell Shire.
These restrictions mean that many businesses will have to operate in a limited capacity or can no longer operate.
To support businesses impacted by these restrictions, one-off grants will be made available to eligible businesses under the Business Support Fund – Expansion program as follows:
$10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions
$5,000 for employing businesses in regional local government areas (except Mitchell Shire)
Businesses that have already received a Business Support Fund - Expansion grant, or have applied for one, will not need to re-apply. Successful applicants will automatically receive this additional allocation.
Applications for the program will be extended until 14 September 2020.
This program is in addition to the first round of the Business Support Fund, which closed on 1 June 2020.
Businesses can apply where they meet all the criteria listed below. They must:
operate a business located in metropolitan Melbourne or regional Victoria
be a participant in the Commonwealth Government’s JobKeeper Payment scheme
employ people
be registered with WorkSafe on 30 June 2020
have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis
be registered for Goods and Services Tax (GST) as at 30 June 2020
hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020
be registered with the responsible Federal or State regulator.
Businesses that have received funding from other components of the Victorian Government’s Economic Survival Package are eligible to apply for this program.
Business owners that do not employ people (non-employing businesses) are not eligible for funding through this program. Employing businesses must provide their WorkCover Employer Number in the application form for verification.
Please click here for further information.
Let’s Talk
For an in-depth discussion of how these initiatives might affect you and your business, please contact us on + 61 3 9527 5041.