Victorian Government announces further assistance for businesses

The Victorian Government has launched the $250 million Circuit Breaker Business Support Package to assist small to medium businesses and sole traders impacted by the circuit breaker restrictions announced on 27 May 2021.

The package targets 90,000 businesses unable to operate due to seven-day COVID-19 lockdown by providing support to help pay the bills and maintain their workforce.
Package overview:

  • $190.01 million second round of the Business Costs Assistance Program
  • $40.7 million new round of the Licensed Hospitality Venue Fund
  • $20 million in targeted support for the events industry.

Business costs assistance program

The program provides $2,500 grants for eligible employing and non-employing businesses in sectors most impacted. This includes businesses operating in an industry that cannot operate under the circuit breaker restrictions and which cannot work remotely.
The program will open for applications on Wednesday 2 June 2021 and will remain open for applications for three weeks.

Licensed hospitality venue fund 2021

The $40.7 million Licensed Hospitality Venue Fund 2021 program provides businesses holding an eligible liquor licence and food certificate with a $3,500 grant per premises.

The program will open for applications on Wednesday 2 June 2021 and will remain open for applications for three weeks.

Victorian Events Support Package

The $20 million package dedicated to supporting operators in the events industry who have incurred losses due to the circuit-breaker restrictions. More information on the Victorian Events Support Package will be released shortly.

Further information

For further information or to register your interest for the support payments, please refer to the following link:

We are committed to supporting businesses during this challenging time. For further information or assistance, please contact your Bentleys advisor.

Disclaimer: This information is general in nature and should not be relied on as advice. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs and seek professional advice before making any decisions based on this information.

COVID-19: A summary of Australia's tax measures

The governments of Australian states and territories have also released independent stimulus packages. For an overview of all Australian measures, click here.

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