Covid

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September 6, 2021

Latest Government COVID Support - Victoria

Jason Williams

Business Sherpa

An ever-updating list of what's available for Victorian Business.

UPDATED 6/9

Where we are now...

Hey everyone, here's a little run-down of where we stand with government funding, related to Victoria.

If you're Victorian and you're reading this, it's likely you will either already be in the Business Cost Assistance Program or the Licensed Hospitality Venue Fund. In which case there is nothing for you to do, you'll be receiving any funding updates to these program automatically.

If you are not in the BCAP or LHVF, it's likely too late for you to join. The best option for you will most likely be the Small Business COVID Hardship Fund.

Small Business COVID Hardship Fund LINK

The amount offered by this fund has been increased (again) to $20,000 (from $8,000 to $10,000 to $14,000).

Critically, closing date is 10 September 2021. If you're an Illumin8 client and think they may be eligible or have any questions, please fill out THIS TYPEFORM first.

Some other important notes on this funding.

  • You're not receiving any other government support currently.
  • Must be GST registered
  • You DO NOT not have to employ anyone
  • Need to show a 70% decline for a 2 week period, from this year to 2019 (or alternative period if the business is new)
  • Your application needs to be supported by a letter from your accountant. If we're your accountant, that means you need to follow the link above.

Business Cost Assistance Program LINK

The BCAP has been slowly adding extra chunks of funding, and we've just received the latest amounts announced on 6/9.

  • $2,8000 if annual payroll below $650,000
  • $5,600 if between $650,000 and $3 million
  • $8,400 if above $3 million
  • for period 4-30 September 2021

Eligible recipients will be paid per fortnight, and there has been no indication yet as to how evidence of payroll amounts is provided.

It's important to remember, as mentioned in the opening, if you are not a part of this program, it's likely too late for you to join. We suggest that if you haven't received any support from any other package since on or after 27 May 2021, that you apply for the Small Business COVID Hardship Fund (mentioned above)

Licensed Hospitality Venue Fund LINK

The LHVF, as with the BCAP, has been increasing its top up amounts over the course of our lockdowns. The announcement on the 6/9 wasn't anything new, but a continuation of the existing funding.

Under the current lockdown, here is what you can expect:

  • Based on capacity 0-199 people, you receive $5,000 per fortnight
  • Based on capacity 200-499 people, you receive $10,000 per fortnight
  • Based on capacity 500+ people, you receive $20,000 per fortnight
  • Under lockdown 6, an extra $2,000 is available to CBD located businesses.

It's important to remember, as mentioned in the opening, if you are not a part of this program, it's likely too late for you to join. We suggest that if you haven't received any support from any other package since on or after 27 May 2021, that you apply for the Small Business COVID Hardship Fund (mentioned above)

COVID-19 Disaster Payment LINK

This is a lump sum payment to help workers unable to earn income due to a COVID-19 state public health order. This may involve a lockdown, hotspot or movement restrictions. If you are unable to work:

  • $750 per week if you normally work more than 20 hours, up from $600 previously
  • $450 per week if you normally work between 8 & 20 hours, up from $375 previously

Some of the other info:

  • You didn’t get an income support payment (from Centrelink)
  • You didn’t get the Pandemic Leave Disaster Payment
  • You lost income and didn’t have any appropriate paid (pandemic) leave entitlement
  • Must have lost more than 8 hours or a full day of work
  • Over 17 years of age
  • Available to all residents and holders of permitted working visa
  • Applications via Services Australia (link above)

Commercial Tenancy Relief Scheme LINK

The Commercial Tenancy Relief Scheme has been reintroduced by the Victorian Government to alleviate the financial hardship faced by tenants and landlords as a result of the COVID-19 pandemic. Some of the key notes:

For Tenants

  • Must be down at least 30%
  • Comparing consecutive 3 month periods between April & September 2021 and the same period in 2019
  • Reduction in rent equal to the reduction in turnover
  • At least half much be waived, rest deferred
  • Applies for rent payable from 28 July 2021
  • Mandatory check-in point 30 September 2021

For Landlords

  • 25% discount on land tax
  • access to a hardship fund for small landlords

Best of the Rest LINK

Live Performance Support Program (Suppliers) Round Two

  • $200 - $500 per event
  • Closes 8 September 2021
  • Open to businesses who supply to "live performance events"
  • ABN before 27-May-21
  • Selected ANZSIC Codes

Live Performance Support Program (Presenters) Round Two

  • $7,000 for first event, $5,000 for second
  • Closes 8 September 2021
  • Open to businesses who are presenter of a "live performance events"
  • GST before 27 May 2021

Digital Adaptation Program

  • $1,200 rebate – equivalent to 12 months subscription cost
  • Available for new and upgrades to existing tools
  • Closes 5 December 2021, or until funds exhausted

Victorian Events Support Package

  • Package to support event organisers, hosts and suppliers; grants of up to $10,000 for suppliers to up to $25,000 event organisers ($250,000 for major events).

Alpine Support Program

  • Up to $18,000 for off-mountain business (direct rental, tours & transport businesses in LGA close the mountain)
  • Up to $38,000 for on-mountain, non-employing businesses
  • Up to $58,000 for on-mountain, employing businesses
  • Business must have been operating between May and August 2021.
  • ABN and GST as of 15 July 2021

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