Business Costs Assistance Program Round 2 VIC


Business Costs Assistance provides a one-off payment to small businesses and sole traders that were highly impacted by the recent COVID-19 circuit breaker action.

Open
Close date: 24 Jun 2021.
Application detail:

The program will be open for applications until funds are exhausted or 11.59pm Thursday 24 June 2021, whichever is earlier.

What do you get?

A one-off payment of $2,500 or $5,000.

Who is this for?

Victorian small businesses and sole traders highly impacted by the recent COVID-19 circuit breaker action.

Overview

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

  • the business’ industry sector (see eligible ANZSIC classes)
  • 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 are the eligibility criteria?

To be eligible, your business must:

  • be located in Victoria
  • operate in an eligible sector listed in the list of eligible ANZSIC classes for this program
  • have incurred direct costs because of the restrictions and cannot fully operate remotely
  • have an annual Victorian payroll of up to $10 million in 2019–20 on an ungrouped basis
  • hold an Australian business number (ABN) and have held that ABN at 27 May 2021
  • have been registered for goods and services tax (GST) on 27 May 2021
  • be registered with the responsible Federal or State regulator.

Employing businesses must also:

  • be registered with WorkSafe Victoria
  • 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 do you apply?

Find out more about eligibility and how to apply at Business Costs Assistance Program Round 2.

Funding for Victorian small businesses highly impacted by the recent COVID-19 circuit breaker action