Business Costs Assistance Program Round Four – Construction

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The Victorian Government is providing grants for eligible construction businesses, including employing and non-employing businesses, impacted by the two-week shutdown from 21 September – 4 October 2021.

Eligibility

  • Businesses must have a worksite located in metropolitan Melbourne, the City of Greater Geelong, Mitchell Shire or Surf Coast Shire.
  • Businesses must have incurred direct costs because of restrictions in place between 21 September – 4 October, which have not been partially or fully recovered.
  • Business must not have been able to operate remotely between 21 September – 4 October.
  • Must not have received a Business Costs Assistance Program Round 2 or Business Costs Assistance Program Round 2 – July extension payment or Small Business COVID Hardship Fund payment
  • Businesses must be registered under a relevant construction-sector ANZSIC codes
  • Payroll less than $10m
  • Must be GST Registered

Funding amounts:

  • Eligible non-employing sole trader businesses will receive a one-off payment of $2,000,
  • Businesses with an annual payroll of up to $650,000 will receive a one-off payment of $2,800,
  • Businesses with an annual payroll of $650,000 to $3 million will receive a one-off payment of $5,600,
  • Businesses with an annual payroll of $3 million-$10 million will receive a one-off payment of $8,400.

Opening date

Applications are now open and close on 9th November 2021.

Apply Now

 

This document contains general advice only and is prepared without taking into account your particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should speak to a licensed financial advisor who should assess its relevance to your individual circumstances.  While The Field Group believes the information is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the corporations Act 2001.

About the author

The Field Group is composed of experts in the fields of Xero accounting, personal tax, self-managed superannuation, audit services, business services, bookkeeping, bench marking, business structuring and ATO Compliance. Based in Melbourne, The Field Group are also able to work with clients all over Australia and are the market leader for accounting services in the Ringwood, Croydon, Chirnside Park, Lilydale and general Melbourne eastern suburb region.

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