As part of a $1.7 billion economic survival package, the Victorian Government has allocated $500 million to establish a Business Support Fund to assist small to medium businesses most impacted by COVID-19. The Victorian Government will work with the Victorian Chamber, Australian Hotels Association and Ai Group to administer the funds to help businesses survive and keep people in work.
As part of the Victorian Government's $500 million Business Support Fund, businesses severely impacted by the Covid-19 lockdown can receive a $10,000 cash grant to help with running expenses, hiring professional help, marketing and to keep the business afloat. This grant is for businesses that employ staff and are in industries such as: Accommodation Food services (restaurant, cafe, caterers,etc.) Health and beauty services (hairdressers, spa, therapists) Sports and recreation services (gym, pool, etc.) Tourism Retail (except for supermarket, groceries, pharmacies, etc.) Other services
Up to $10,000
Victorian businesses with a yearly taxable salaries of $3 million max will have their payroll tax waived for the financial year 2019/2020. If you have paid your payroll tax, you can claim a reimbursement from the State Revenue Office of Victoria. These businesses can also defer paying payroll tax for the first quarter of the 2020-21 financial year.