For the latest COVID-19 information please visit the DHHS website
Please note as of 11:59pm on Friday 12 February until 11:59pm on Wednesday, 17 February, Victoria will re enter Stage 4 Lockdown. For a summary of what this involves CLICK HERE .
Federal Government Support
JobKeeper & JobKeeper Extension (until 28 March 2021)
The JobKeeper Payment will continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.
Further information on JobKeeper & JobKeeper Extension
Enhanced instant asset write-off
A business with an aggregated turnover of less than $500 million can now claim the instant asset write-off on assets costing less than $150,000. More Information
JobTrainer: supporting apprentices and trainees
Helping businesses retain apprentices and trainees by offering a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for nine months. The subsidy of up to a maximum of $21,000, will be available to businesses employing fewer than 20 full-time employees who retain an apprentice or trainee, or, where a small business is not able to retain an apprentice, the subsidy will be available to a new employer. More information
State Government Support
Business Recover & Mentoring
The Victorian Government has partnered with the Victorian Chamber of Commerce and Industry (VCCI) to deliver a business mentoring program to help small businesses navigate the economic challenges posed by restrictions to help slow the spread of coronavirus (COVID-19).Through this program, eligible business owners can receive up to four 2-hour mentoring sessions with an experienced professional who will help them make informed decisions about the future of their business.
The program offers tailored guidance on:
- Business recovery - to strengthen business recovery (cost reduction, debt and cashflow management)
- Market transformation - to understand how coronavirus (COVID-19) has triggered or accelerated market changes
- Digital literacy and engagement - to help businesses reach new customers and markets
- Market and supply chain diversification - to reduce exposure to supply chain risks
- Reskilling and retraining - to help businesses upskill their existing workforce
More information and links to apply can be found HERE.
Upskill my Business Program
The Victorian Government has partnered with key industry groups and top education providers to present virtual professional-learning opportunities to small business owners impacted by the coronavirus (COVID-19) pandemic. Prepare your business for a strong recovery with the range of free online programs, short courses and events available at https://upskill.business.vic.gov.au/ or through the Business Victoria hotline (13 22 15)
Commercial Tenancy Relief Scheme (until 28 March 2021)
The Commercial Tenancy Relief Scheme is aimed at minimising hardships faced by both tenants and landlords caused by Coronavirus. The scheme includes the following:
- a six-month moratorium on commercial tenancy evictions for the non-payment of rent for small to medium enterprises with an annual turnover under $50 million that have experienced a minimum 30 per cent reduction in turnover due to coronavirus (COVID-19), commencing from 29 March 2020
- a freeze on rent increases during the moratorium for commercial tenants
- a rental payment waiver or deferral proportionate to commercial tenants’ income reduction due to coronavirus (COVID-19), to be negotiated between the tenant and landlord
- a mediation service for commercial tenants and landlords to support fair tenancy negotiations.
For further information click here
Payroll Tax Refund
Businesses with annual Victorian taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. Eligible businesses with payrolls up to $10 million can defer their liabilities for the first half of the 2020-21 financial year. More details will be provided here as they come to hand. For more information click here
Other Information & Resources
Rural Financial Counselling Service
An independent service operating in Western Victoria offering free and confidential financial counselling and assistance to small businesses experiencing challenges as a result of lower income or increasing costs. RFCS can provide assistance with the following financial matters:
- assistance to understand your financial position
- identify options and develop an action plan
- prepare budgets and cash flows
- assist with loan and financing applications
- negotiations with financial institutions
- access government and private assistance packages
Phone 1300 735 578 or visit www.wswrcs.com.au to make your appointment.
Signage for your Business
There are many simple measures that businesses can take to reduce the risk of COVID-19 in the workplace. Businesses that are open are required to have signage on display to let customers and staff know how many people can be in the shop at any one time. Below are examples of signage to display and links to download them. If you do not have access to a printer please get in touch with the Economic Development team and we can organise to have them printed for you. email@example.com