Victorian Government’s $534M Support Package

Closed sign hanging on door of cafe due to Covid-19

As we continue to deal with uncertainity caused by pandemic,  the Victorian government has unveiled a $534 million support package for businesses, following the announcement that parts of the state were being plunged back into COVID-19 lockdown earlier this week.

The package includes cash grants of $5000 for some 80,000 eligible businesses in metropolitan Melbourne and Mitchell Shire, which moved back into Stage 3 COVID-19 restrictions on Wednesday night.

To be eligible for the Fund, businesses must:
  1. Operate a business with an address located in one of the 31 metropolitan Melbourne LGAs and Mitchell Shire subject to the return to Stage 3 ‘Stay at Home’ restrictions; and
  2. Be a participant in the Commonwealth Government’s JobKeeper Payment scheme;
  3. Employ people and be registered with WorkSafe on 30 June 2020; and
  4. Have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis; and
  5. Be registered for Goods and Services Tax (GST) on 30 June 2020; and
  6. Hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020; and
  7. Be registered with the responsible Federal or State regulator.

Owners of businesses that do not employ people (non-employing businesses) are not eligible for funding through this Fund.

You can express your interest using below link

The support package also include:

  • a $30 million fund for hospitality business
  • $20 million for small businesses in Melbourne’s CBD.
  • A further $26 million has also been set aside for mental health support and mentoring for small business owners, including sole traders
  • $40 million is earmarked for regional tourism businesses
  • $10 million to defer payroll tax for FY 20/21

Contact us on

Other Articles