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Victorian Business Costs Assistance Program Round Two

The Victorian Government has launched a new round of grants for eligible small to medium businesses, including employing and non-employing businesses impacted by the recent restrictions in Victoria. The Rubiix Team are contacting our Victorian clients to offer assistance where we can, however if your business has been directly impacted by the latest restrictions, please contact our office.

 

What is the eligibility criteria?

Standard Eligibility Criteria

To be eligible for the Program, a business must:
a) Be located within Victoria; and
b) Be registered as operating in an eligible industry sector identified in the List of Eligible ANZSIC classes (as defined by the ANZSIC class linked to the business’ ABN); and
c) Have incurred direct costs as a result of the circuit breaker action and the business cannot predominantly operate remotely; and
d) Have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis; and
e) Be registered for Goods and Services Tax (GST) on 27 May 2021; and
f) Hold an Australian Business Number (ABN) and have held that ABN at 27 May 2021.
g) Be registered with the responsible Federal or State regulator.

For employing businesses only:

a) Be registered with WorkSafe Victoria; and
b) Attest that the business is supporting its workers to access any paid leave entitlements, or that if a person can work from home, to work from home during the circuit breaker action, and supporting their casual workers, where possible.

 

How much is the grant?

Eligible businesses will receive a one-off payment of $2,500 or $5,000.

The grant amount payable to an eligible business is determined by:

a) the business’ industry sector
b) the business’ location:

  • Businesses that were subject to restrictions between 28 May 2021 up to and including 3 June 2021 will be eligible for funding of $2,500.
  • Businesses that were subject to restrictions between 28 May 2021 up to and including 3 June 2021 and further restrictions from 4 June 2021 will be eligible for funding of $5,000.

 

What if I’m not registered for GST?

If you are not registered for GST, The Rubiix Team can prepare a Statutory Declaration saying why. A backdated registration may be accepted depending on the situation. Please contact our team to discuss further.

 

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