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On 1 May 2020, the Victorian Government announced that the criteria will include businesses with a wages bill less than the payroll tax threshold of $650,000 that are participating in the Commonwealth Government’s JobKeeper program, regardless of the sector they operate in.

The potential value of the grant will be $10,000 per business that will be allocated through a grant process.

If you qualify for this grant or feel you may be eligible, you can apply for a grant below. Please note that the application will close on Monday 1 June 2020.
Apply for grant

Eligibility

• Employ staff
• Have been subject to closure or is highly impacted by Restricted Activity Directions issued by the Deputy Chief Health Officer to-date
• Have a turnover of more than $75,000
• Have payroll of less than $650,000
• Hold an Australian Business Number (ABN) and have held that ABN at 16 March 2020 (date of the State of Emergency declaration)
• Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020

Who is the Business Support Fund for?

• Accommodation and Food Services (e.g. cafes, restaurants, caterers, hotels, motels)
• Arts and Entertainment (e.g. cinemas, performing arts venues, creative spaces, performers, museums)
• Health and Beauty Services (e.g. hairdressers, barbers, beauty therapists)
• Sport and recreation (e.g. gyms, swimming pools, indoor climbing, play centres)
• Tourism (e.g. tourist transport, tour operators, tour arrangement, wineries, distilleries and microbreweries)
• Retail, other than supermarket, groceries, liquor and pharmacy businesses (e.g. clothing, footwear and electronic stores)
• Other Services (e.g. real estate agents)

Our accounting team is here to help you access these benefits as easily and timely as possible. If you need help or guidance in navigating through this process, please contact us and we will assist you proactively.

Melbourne

Matt Murphy – mattm@primefinancial.com.au
Brendan Brown – brendanb@primefinancial.com.au
Simone Quin – simoneq@primefinancial.com.au
Paul Minieri – paulm@primefinancial.com.au
Jade Nicholls – jaden@primefinancial.com.au
Stuart Thomson – stuartt@primefinancial.com.au

Brisbane

Matthew Smith – matts@primefinancial.com.au
John Driscoll – johnd@primefinancial.com.au
Sean Fincham – seanf@primefinancial.com.au

Sydney

John Driscoll – johnd@primefinancial.com.au
Sean Fincham – seanf@primefinancial.com.au

This post is provided by Prime Accounting and Business Advisory Pty Ltd. Liability limited by a scheme approved under Professional Standards Legislation. This post is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this post. All information is subject to change without notice. We and each party providing material displayed in this post disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of information or material in this post. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.