Up to 90,000 Victorian businesses are set to be eligible for the government support.
The Victorian government has announced a new cash grant that will see Victorian businesses and sole traders receive financial support as they navigate yet another lockdown.
As part of the scheme, up to 90,000 businesses are set to be eligible, encompassing those who have and will receive payments through the Licensed Hospitality Venue Fund and Business Costs Assistance Program – two schemes relevant to the May-June lockdown.
What you need to know
- In light of the lockdown, up to 90,000 local businesses will be eligible for either $3,000 or $2,000 of government support
- The payment will apply to those who have and will receive payments through two schemes relevant to the May-June lockdown, Licensed Hospitality Venue Fund and Business Costs Assistance Program
- Payments are set to be paid out from this week
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Those deemed eligible for the aforementioned schemes will receive another top up of $3,000 and $2,000 respectively, with the payments due to commence from this week, totalling $201.8 million all up.
Businesses eligible include bars, restaurants, cafes, tourism and accommodation providers, retailers and more.
The Victorian government has also signed off on a support payment for employees who lost work because of the lockdown. In conjunction with the federal government, there are two situations with which an employee can receive support.
They are as follows:
- $600 on offer for Victorians who lose 20 hours or more hours of work during the period of the lockdown.
- $375 on offer for Victorians who lose between 8-20 hours of work during the period of the lockdown.
Applications for this can be made through the Services Australia website; there is no liquid assets test applied to these payments.
To read the full announcement, head here.
