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Victoria Small Business COVID Hardship Fund

Updated: Jan 5


The Victorian Government recently announced a $10,000.00 support fund is available to small to medium businesses affected by the COVID restrictions from 27 May 2021 to August 2021. Businesses that have received funding under any of the Victorian Government COVID-19 support packages launched on or after 27 May 2021 are not eligible for a grant under this program. Businesses that have received assistance through the Business Support Fund, payroll tax rebate/waiver, or another COVID-19 program launched prior to 27 May 2021, may apply for assistance under this program. ELIGIBILITY

  • be located within Victoria.

  • as a direct consequence of COVID-19 restrictions since 27 May 2021 have experienced a reduction in turnover of at least 70% for a minimum consecutive two-week period comparable to a benchmark period in 2019.

  • have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis.

  • have been registered for Goods and Services Tax (GST) on and from 28 July 2021

  • hold an Australian Business Number (ABN) and have held that ABN on and from 28 July 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 COVID-19 restrictions, and supporting their casual workers, where possible.

ADDITIONAL INFORMATION REQUIRED

  • to demonstrate a reduction in turnover of at least 70% for a minimum consecutive two-week period since 27 May 2021 as a direct consequence of COVID-19 restrictions, comparable to a benchmark period in 2019.

  • businesses should compare their best consecutive two-week trading period between 27 May and 10 September 2019, with their worst consecutive two-week trading period between 27 May and 10 September 2021.

  • you may be required to provide evidence including a sales report, financial statement and/or a Business Activity Statement (BAS) to demonstrate the reduction in turnover

  • a valid proof of identity document (Australian driver license, Australian Passport, Medicare Card or Australian visa information and foreign passport).

TO APPLY Applications are open from Thursday 12 August 2021 until program funds are exhausted or 11:59 pm on Friday 10 September 2021, whichever is earlier. Please follow the prompts on the Business Victoria website to apply using this link. Please contact us if you would like us to apply on your behalf, please note there will be a fee of $200 + GST. FURTHER DETAILS & ONGOING GRANTS For full details and conditions, please visit the Small Business COVID Hardship Fund web page. Other ongoing grants can also be found on the Business Victoria website.