Victorian and Federal Government Funding Grants Available to Businesses or Workers until 24 June 2021.

ADRIAN MONARCA

We hope you have all been keeping well during the Victorian Lockdown given the circumstances.

Now that Lockdown has lifted and restrictions have eased, we now have more clarity around the types of grants and payments available to 1) Eligible Businesses or 2) Eligible Workers. Please read further below for these. If you believe you are eligible, and need assistance to lodge your application, please contact us so we can help. Feel free to forward this page to anyone else that you think might benefit from this information.

1) Eligible Businesses

Eligible businesses can apply for the Victorian Government Business Costs Assistance Program Round Two. We have provided some summary information below. However, after reading the below, we recommend that you read all the information on the following website, which contains additional information, eligibility criteria, instructions on how to Apply, etc. 

https://business.vic.gov.au/grants-and-programs/circuit-breaker-business-support-package/business-costs-assistance-program

For convenience we have attached the Guidelines, and the eligible ANZSIC classes which basically lists which industry’s are eligible (subject to meeting all the other eligibility criteria of course). Please note, at this stage the Program will be open for applications until 11.59pm Thursday 24 June 2021 or until program funds are exhausted or, whichever is earlier.

Circuit Breaker Business Support Packages
Is your Business impacted by the State Government’s COVID-19 Circuit Breaker restrictions? You may be eligible for a cash payment.

i) Business Costs Assistance Program

The program provides grants for eligible businesses most impacted by the state government lockdown. This includes businesses operating in an industry that cannot operate under the circuit breaker restrictions and which cannot work remotely.

*Eligibility criteria
To be eligible, businesses must:
– be located within Victoria operate in an eligible sector listed in the list of eligible ANZSIC classes (attached) for this program
– have incurred direct costs because of the restrictions and cannot fully operate remotely
– have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis
– have been registered for Goods and Services Tax (GST) on Thursday 27 May 2021
– hold an Australian Business Number (ABN) and have held that ABN at Thursday 27 May 2021
– be registered with the responsible Federal or State regulator.

Employing businesses must also:be registered with WorkSafe Victoria attest that the business is supporting its workers to access any paid leave entitlements, or that if a person can work from home, to work from home during the circuit breaker action, and supporting their casual workers, where possible.

*Grant amount
Eligible businesses will receive a one-off payment of $2,500 or $5,000. The grant amount payable to an eligible business is determined by:
1. the business’ industry sector (see Eligible ANZSIC classes)
2. the business’ location:
– businesses that were subject to restrictions between 28 May 2021 up to and including 3 June 2021 will be eligible for funding of $2,500
– businesses that were subject to restrictions between 28 May 2021 up to and including 3 June 2021 and further restrictions from 4 June 2021 will be eligible for funding of $5,000.

*Where to apply?
https://businessvic.secure.force.com/PublicForm?id=bcap22021#no-back-button   


ii) Licensed Hospitality Venue Fund 2021
This program provides eligible businesses holding a current liquor licence and food certificate with a grant of up to $7,000 per premises.Applications are open until 24 June 2021.

More information is available on the state government’s website below:
https://business.vic.gov.au/grants-and-programs/circuit-breaker-business-support-package/licensed-hospitality-venue-fund-2021  

 iii) Victorian Events Support Package
This package supports operators in the events industry who have incurred losses due to the circuit breaker restrictions. More information will be available on the state government’s website soon:
https://business.vic.gov.au/grants-and-programs/circuit-breaker-business-support-package

2) Eligible Workers

Eligible workers can apply for the Federal Government Temporary COVID-19 Disaster Payment.

For more information, click on the following website:

https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment

Temporary COVID-19 Disaster Payment
Australians who have had their hours of work and income significantly affected due to state lockdowns, may be eligible for a temporary COVID Disaster Payment from the Federal Government.Eligible recipients will receive up to $500 per week for losing 20 hours or more of work, and $325 per week for losing under 20 hours. They must not have liquid assets of more than $10,000.

This support will be available for Australian citizens and permanent residents and eligible working visa holders. Individuals who are already receiving income support payments, business support payments, or the Pandemic Leave Disaster Payment will not be eligible for this new payment.

To qualify, people will need to have exhausted any leave entitlements (other than annual leave) or other special pandemic leave.The payment will complement existing payments including the Pandemic Leave Disaster Payment.Access to Services Australia Disaster Assistance is open to the public over the phone on 180 22 66.
The information contained in this publication is for general information purposes only, and does not take into consideration your individual circumstances. You should obtain personalised professional advice before acting upon any information contained herein. To the maximum extent permitted by law, we accept no responsibility for any loss incurred by any person directly or indirectly due to any action taken or refrained from as a consequence of the contents of this publication.

About The Author

Adrian Monarca
Adrian is Co-Founder, CFO, and the Principal Accountant at Float Accounting.