In response to the Stage 3 & 4 restrictions in place across metropolitan Melbourne and Mitchell Shire and Regional Victoria, the Victorian Government has increased the new support fund for businesses impacted by the lockdown. This program is in addition to the first $10,000 Business Support Grant, which closed on 1 June 2020.
In the video shown above, Mollie from The Field Group Accounting will be guiding you step by step on how to apply for the grant.
To support businesses impacted by these restrictions, one-off grants will be made available to eligible businesses under the Business Support Fund – Expansion program:
- $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions
- $5,000 for employing businesses in regional local government areas (except Mitchell Shire)
Applications for the program will be extended until 14 September 2020.
What type of business can apply for this grant?
Businesses can apply where they meet all the criteria listed below. They must:
- operate a business located in metropolitan Melbourne/Mitchell Shire or regional Victoria
- be a participant in the Commonwealth Government’s JobKeeper Payment scheme
- employ people
- be registered with WorkSafe on 30 June 2020
- have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis
- be registered for Goods and Services Tax (GST) as at 30 June 2020
- hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020
- be registered with the responsible Federal or State regulator.
You will need to complete the application:-
- The most recent JobKeeper monthly declaration or original enrolment in PDF form (downloaded from the ATO website)
- Workcover registration no.
- Proof that you business resides in metropolitan Melbourne or Mitchell Shire
- Utility Bill, Council Rates Notice or Lease Agreement in PDF form
If you would like to know more feel free to get in touch with us at https://fieldgroup.com.au
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.