Latest Government Support Packages - July 2021

A brief rundown on what funding is available to small businesses and individuals affected by Lockdown. Updated as information comes to hand.
July 28, 2021
Covid
by
Jason Williams

Passionate about travel. Passionate about meeting people. Passionate about creating things; especially if said things involve coffee, beer, wine or whisky. Also Passionate about Passionfruit, Passion Pop and Passiona

With over 11 million people in lockdown over NSW & Victoria, the Federal Government & State Government wallets have been prised open.

Here's what we know so far.

UPDATED 28/7

FEDERAL

COVID DISASTER PAYMENT (UPDATED)

PM Morrison has announced on the 28th of July that any future lockdowns, the payments will be increased to $750 for people who lost more than 20 hours work and $450 if lost between 8 and 20 hours. As well, people on welfare who have lost more than 8 hours of work a week will get a special disaster supplement of $200 a week.

On the back of the latest Victorian lockdown, a couple of changes have been made to the Federal Government's COVID Disaster Payment Program.

Here are the dot points:

  • A payment of $600 for people who lost more than 20 hours work and $375 if lost between 8 and 20 hours during the five day lockdown
  • Must have lost more than 8 hours or a full day of work
  • Over 17 years of age
  • Available to all workers regardless of annual leave entitlements (You do not have to use leave)
  • Available to all residents and holders of permitted working visa
  • Resides or works in declared area

Previously, an area had to be in lockdown for more than 7 days to be declared a hotspot. This is no longer the case. Also the requirement to self declare if you have liquid assets more than $10,000 has been scrapped.

These changes make a big difference for VIC lockdown, as workers have effectively already done their "unpaid" 7 days (last lockdown) they will now get paid for this lockdown. The payment will not be prorated but instead based on actual hours lost.

Payments are made in arrears and will commence 23 July 2021, 7 days after commencement of this latest lockdown.

For more information visit COVID-19 Disaster Payment - Services Australia

VICTORIA *UPDATED*

Support packages for the latest round of statewide lockdown have just been announced.

MICRO-BUSINESS SUPPORT

Dan Andrews has also mentioned that they are looking into support for micro-businesses earning under $75,000 (not registered for GST), and those businesses that miss out on the Business Cost Assistance Program. So far no support announced but those missing out may be eligible for COVID-19 Disaster Payment.

SMALL & MEDIUM BUSINESS RENTAL SUPPORT

In new funding announced on the 28th of July, $400m of joint VIC & Fed funding will help Victorian small and medium businesses and their landlords receive help on rent.

Businesses with an annual turnover of less than $50 million and who can show a hit to their businesses of at least 30 per cent due to coronavirus can claim a proportionate rent reduction. At least half of the rent reduction must be permanently waived, while the rest can be deferred.

A mediation service for tenants and landlords will further support fair tenancy negotiations, with tenants and landlords encouraged to enter negotiations directly.

The Victorian Small Business Commission (VSBC) will resume its role offering mediation if the parties cannot reach agreement. Landlords will not be able to lock out or evict tenants without a determination from the VSBC.

BUSINESS COST ASSISTANCE PROGRAM (UPDATED 28/7)

Additional grants of $5,000 to around 30,000 businesses still affected by limitations on capacity, such as gyms, cafes, restaurants and hairdressers; CDB businesses to get extra $2,000. To be eligible you must have received previous amounts. Details of whether this is automatic or needs to be applied yet to be announced.

A one-off grant of $2,000 + $2,400 (NEW), to support the costs associated with closing. This is for employing and non-employing business with payroll up to $10M. If you received this support for the last lockdown you will have automatically be paid the first amount and will also receive the second amount soon.  

Eligibility criteria is the same as last time. If you did not receive this payment last lockdown, you can apply but unless your circumstances have changed, it is unlikely that you will be eligible.

NOTE: There are still 22,000 applicants from the last lockdown who are yet to be paid due to a requirement for further details; ANZSIC codes, ABN and the like.

LICENSED HOSPITALITY VENUE FUND 2021 (UPDATED 28/7)

Grants of up to $20,000; an extra $2,000 for CDB. To be eligible you must have received previous amounts. Details of whether this is automatic or needs to be applied yet to be announced.

A one-off grant of $3,000 + $4,200 (NEW), to support the costs associated with closing. This is for employing and non-employing business with payroll up to $10M, and have a liquor license & serve food. If you received this support for the last lockdown you will have automatically be paid the first amount and will also receive the second amount soon.   

Eligibility criteria is the same as last time. If you did not receive this payment last lockdown, you can apply but unless your circumstances have changed, it is unlikely that you will be eligible.

VICTORIAN EVENTS SUPPORT PACKAGE

Up to $25,000 for presenters and $5,000 for suppliers. Funds are still available from last time and will cover events that were to be held during this current lockdown. More info to come next week.

COMMUNITY SPORTING & RECREATION CLUBS (NEW)

Grants of $2,000. More info to come.

LIVE PERFORMANCE SUPPORT

Up to $7,000 for presenters and $2,000 for suppliers.

ALPINE SUPPORT PROGRAM (UPDATED 28/7)

Up to $18,000 ($3,000 NEW) + may be eligible for first two grants. Additional grants of $5,000 to $20,000 announced.

NSW

With the extended NSW lockdown there are been quite a few changes here; visit Services NSW for further details

COVID-19 Business Grants of up to $15,000 are available depending on your decline in turnover. These payments had previously been announced, however, the payment amounts have increased. Full eligibility will be available soon, and applications will be open from 19th July 2021.

In addition, weekly Cashflow Boost payments have been announced, starting on the 4th week of lockdown. The payment amount will be 40% of your payroll, a minimum of $1,500 and up to $10,000 per week.

Micro Businesses (turnover between $30,000 & $75,000) who have experienced a turnover reduction of at least 30%, will receive $1,500 per fortnight from the beginning of lockdown.

Applications will be open via Service NSW

Covid
July 28, 2021
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