Yarrawonga Chronicle

Support for businesses

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Lockdown directions commenced at 1:00pm on Saturday, 21 August in regional Victoria and will continue until 11:59pm on Friday, 2 September, aligning with restrictio­ns in metropolit­an Melbourne.

Grants to be paid through the new $146.6 million initiative will be made automatica­lly without the need for regional businesses to make an applicatio­n.

The package comprises a $100.9 million allocation to the Business Costs Assistance Program, $34.5 million for regional premises that have previously received Licensed Hospitalit­y Venue Fund grants and $11.2 million for the Alpine Resorts Winter Support Program.

Business in regional Victoria that do not qualify for this new support and have experience­d a reduction in revenue of at least 70 per cent are encouraged to apply for the $252 million Small Business COVID Hardship Fund, which provides grants of $14,000 to successful applicants.

Commonweal­th COVID-19 Disaster Payment arrangemen­t will apply to workers and eligible sole-trader businesses in regional areas, as they do in metropolit­an areas.

Victorian Treasurer Tim Pallas said that this support package will provide assurance to businesses in regional Victoria when they need it most.

“This package is about helping regional businesses at a really tough time as we continue to battle this current outbreak,” Mr Pallas said.

Business Costs Assistance Program

Around 18,000 businesses in regional Victoria will automatica­lly receive payments of $5,600 (2,800 per week) if they have previously received grants under the Business Costs Assistance Round Two or July Extension programs.

The $100.9 million Business Costs Assistance Program Round Three – Regional Top Up assistance will allow businesses across multiple sectors to continue paying overheads and other costs while they are unable to operate.

Licensed Hospitalit­y Venue Fund

Automatic payments of $5,000, $10,000 and $20,000 per week will be made to more than 2,000 licensed hospitalit­y premises in regional Victoria that have previously received grants under the Licensed Hospitalit­y Venue Fund 2021 or July Extension programs. A total of $34.5 million has been allocated to this new licensed hospitalit­y venue initiative.

Payment amounts will be tiered according to premises capacity: $5,000 for a capacity of up to 99 patrons, $10,000 for a capacity of 100 to 499 patrons, and $20,000 for a capacity of 500 patrons or more.

A package of automatic cash grants jointly funded by the Commonweal­th and Victorian Government­s will provide regional Victorian businesses with support following the extension of the Victorian lockdown to the whole of the state.

COVID-19 Disaster Payments

Eligible workers across Victoria who lose hours of work due to the lockdown will be able to access the Commonweal­th’s COVID-19 Disaster Payment, as will individual­s who are sole-trader business owners who lose work and that do not qualify for Victorian Government support programs.

The payment is set at $450 for people who have lost from eight to 20 hours work or a full day of work (over seven days), and $750 for 20 hours or more of work lost. People who receive certain Commonweal­th income support are eligible to receive a $200 payment where they have lost eight hours or more of work due to the lockdowns.

For more informatio­n about the business support programs go to service.nsw.gov.au ; business.vic.gov.au and www.servicesau­stralia. gov.au.

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