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On 13 July 2021, the Federal and Victorian State Government has announced several new and modified support measures as part of their COVID-19 support package. The following summarises some of the Government support you may be able to access.
If your hours of work are reduced due to a compulsory lockdown you may be entitled to taxable COVID-19 Disaster Payments. This weekly payment will vary depending on the number of hours you’ve lost. The payment will open for applications on day eight of a lockdown.
See Services Australia COVID-19 General eligibility rules for more information.
A taxable lump sum payment of $1,500 is available if you cannot work due to self-isolation or quarantine obligations relating to COVID-19 restrictions. This lump sum payment is available for each compulsory 14-day period of self-isolation or quarantine.
See Services Australia - Pandemic Leave Disaster Payment - Victoria for more details and eligibility.
If you own a business that is eligible for the Business Costs Assistance Program Round Two, you will be eligible for a top-up payment of $2,000.
The Business Costs Assistance Program Round Two provides assistance to eligible small to medium businesses impacted by the May to June 2021 COVID-19 restrictions. A grant of up to $7,000 to eligible small and medium businesses is available under the program.
For more information please see Business Costs Assistance Program Round Two.
If you own a business that is eligible for the Licensed Hospitality Fund 2021 you will be eligible for a top-up payment of $3,000.
Under the Licensed Hospitality Venue Fund 2021, eligible liquor licenses operating a restaurant, hotel, café, pub, bar, club or reception area that are registered to serve food and alcohol received a grant. The grant was $3,500 per premise in regional Victoria and $7,000 per premise in metropolitan Melbourne.
In addition, if you operate a license and are an eligible tourism business in regional Victoria, you may also receive a Tourism Supplement bringing your total grant to $7,000.
See Licensed Hospitality Venue Fund 2021 for more information.
For more information on state and territory information, grants and assistance please see business.gov.au.
If you are or your business is struggling during this unprecedented time or you have any questions, please contact us or your financial adviser. If you don’t have an adviser we can put you in touch with one.