Victorian Local Lockdowns Business Support Program

Following the announcement on Tuesday 30 June that specific postcodes in Victoria will return to Stage 3 Stay at Home restrictions, the Victorian government has released the Local Lockdowns Business Support Program.

The program provides one-off grants of $5,000 for business that operate within affected postcodes that have had their trading impacted by the return to Stage 3 restrictions.

The suburbs affected by the restrictions are in the following postcodes: 3012, 3021, 3031, 3032, 3038, 3042, 3046, 3047, 3051, 3055, 3060, and 3064.

The restrictions will impact on businesses including restaurants, cafes, gyms, indoor sporting venues, cinemas and entertainments venues as well as beauty and personal care services.

Eligibility

The eligibility criteria is for businesses looking to apply are:

  • operating in a postcode affected by the return of Stage 3 restrictions; and
  • an employing business with payroll of less that $3million per annum; and
  • currently registered for GST; and
  • holding an Australian Business Number (ABN) and have held that ABN at 16 March 2020; and
  • have been engaged in carrying out the operation of the business in Victoria on 16 March 2020.

If a business is located immediately adjacent to a postcode affected by the return to Stage 3 restrictions, it will also be eligible for this grant.

Businesses can still receive this $5,000 grant even if they have already received a $10,000 Business Support Fund grant or payroll tax refund or waiver.

You can register your interest today at the followinglink. The Victorian government has advised that applications will be available shortly and close on 31 July 2020.

If you would like assistance with applying for this grant, you can contact our Accounting and Business Advisory team, who can guide you through the process.

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

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.

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