To our valued clients,
On 30 May 2021, the Victorian Government announced a $250.7 million Circuit Breaker Business Support Package to support Victorian businesses most affected by the May-June 2021 circuit breaker action. An additional $209.3 million was announced by the Acting Premier on 2 June 2021.
The $371 million second round of the Business Costs Assistance Program (the Program) will provide grants of either $2,500 or $5,000 for eligible businesses directly affected by the circuit-breaker industry restrictions.
To be eligible for the Program, a business must:
a) Be located within Victoria
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); 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 (this grant is also available to non-employing businesses)
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; and
g) Be registered with the responsible Federal or State regulator.
Employing businesses must also:
a) Be registered with WorkSafe Victoria
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.
If you believe that your business may be eligible and would like for C&H Accounting Group to complete the application, please notify us no later then Monday 21st June 2021. Alternatively, if you would like to complete the application yourself, please see the below link:
NEW COMMONWEALTH COVID DISASTER PAYMENT
You can claim this payment using your Centrelink online account through myGov from Tuesday 8 June 2021.
You must meet all of the following:
The Australian Government will pay you one payment for each period of lockdown. You’ll get either:
This payment is taxable. You can’t get this payment for the first 7 days of lockdown.
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