Further changes were announced on 7 August 2020 to ease the eligibility requirements for businesses in response to the tightening of restrictions in Victoria.
Employers will only have to show a fall in turnover in the relevant quarter compared to the same quarter last year. The original announcement required a decline in revenue over multiple quarters in order to be eligible for the extension of the program.
Please click below to read the full fact sheet released by the treasury.View Full Fact SheetIf you would like assistance in accessing the above, you can contact our Accounting and Business Advisory team, who can guide you through the process.
Matthew Smith – matts@primefinancial.com.au
John Driscoll – johnd@primefinancial.com.au
Sean Fincham – seanf@primefinancial.com.au
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
John Driscoll – johnd@primefinancial.com.au
Sean Fincham – seanf@primefinancial.com.au
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