Further details released on the Victorian Government two new support packages delivering over $3 billion in “cash grants, tax relief and cashflow support.”
3rd round is industry specific. This was NOT disclosed when the grants were announced. Please ensure you check your eligibility following the steps in Section 1 below:
Applications are open until 23rd November 2020 or until funds are exhausted whichever is earlier.
1. How to check eligibility for the third round of government grants
1. Check the list of eligible ANZSIC industry codes here
2. Identify your own ANZSIC industry code via the ABR register.
a. Go to www.abr.gov.au
b. Log in and select ‘Update your ABN details.’
c. Enter. you ABN and search. You will get an ABN summary of your business including your ANZSIC code and business details.
3. If your industry code is on the list of eligible for the grant, continue with. your application here.
Need help on how to look up the figures required for your grant application? Check out this helpful video.
2. $100 million Melbourne City recovery fund
⇼ $30 million for small to medium sized businesses to rapidly adapt their operations to be more COVID Safe and comply with health directions
⇼ $30 million for COVID Safe events and cultural activities to attract visitors back to the central city
⇼ $40 million on infrastructure works to support the return of people to the central city through making the city more safe, accessible and sustainable.
3. $3k grants for sole traders
Approximately 33,000 sole traders are expected to qualify for grants generally in accommodation and tourism, non-permitted retail, media and film production, gyms, creative studios, outdoor entertainment, private museums and galleries, etc.
4. Creation of a Licenced Venue Fund
5. Outdoor Eating and Entertainment Package
⇼ $29.5k will go to local councils to support the implementation of swift and streamlined permit, enforcement and monitoring processes – $500k for city and $250k for rural councils.
6. Support for Alpine resorts
Payroll tax will be deferred (not waived) for businesses with payrolls up to $10 million for the full 2020-21 financial year. Originally the deferral applied to the first half of 2020-21. Businesses with payrolls of $10m or over can defer payroll tax for the first quarter of 2020-21 under previously announced initiatives.
FEES AND CHARGES
The 50% stamp duty discount for commercial and industrial property across all of regional Victoria brought forward to 1 January 2021 and the Vacant Residential Land Tax waived for properties that are vacant in 2020.
Grants of up to $20,000 for chambers of commerce to support members. Plus, funding for a return post COVID-19 including $44 million for business workshops to assist with digital transformation and investment in products such as Shopify and Squareonline. And, $8.5m in additional funding for the Click for Vic website promoting Victorian businesses.