Federal and State Support Packages
You will find advice and links on support packages currently available to help your workplace plan and respond to coronavirus COVID-19.
Coronavirus (COVID-19) test isolation and worker support payments
The Victorian Government is providing one-off payments to financially support Victorian workers, including parents and guardians, who are required to self-isolate or quarantine due to coronavirus (COVID-19). These are:
- A one-off $300 payment to support Victorian workers, including parents and guardians, who are required to self-isolate while waiting for the results of their coronavirus (COVID-19) test.
- A one-off $1500 payment to support Victorian workers who:
- Have been instructed by the Department of Health and Human Services to self-isolate or quarantine at home because they are either diagnosed with coronavirus (COVID-19) or are a close contact of a confirmed case.
- Have been instructed by the Department of Health and Human Services that their child aged under 16 needs to self-isolate or quarantine at home because they are either diagnosed with coronavirus (COVID-19) or are a close contact of a confirmed case.
For information on the support available and to register your interest, visit the DHHS website.
Payroll tax exemption for additional payments made under the JobKeeper program
As we face coronavirus (COVID-19), the Victorian Government has recently announced new payroll tax exemptions to help ensure more money in the pockets of businesses, and greater incentive to keep workers on.
Download the fact sheet
Economic Survival Package fact sheet
The Victorian Government has established an economic survival package to support Victorian businesses and workers impacted by coronavirus (COVID-19).
Download the fact sheet
The Australian Government's economic response to coronavirus
Please note: this information has been updated to include the new JobKeeper payment announced on Tuesday 21 July 2020.
The Australian Government has announced a $320 billion economic plan in response to coronavirus (COVID-19).
Support for businesses includes:
Cash flow assistances for businesses:
- Providing up to $100,000 to eligible small and medium sized businesses, and not‑for-profits (including charities) that employ people, with a minimum payment of $20,000.
- Providing 50 per cent wage subsidies to eligible employers of apprentices and trainees for up to nine months from 1 January to 30 September 2020.
- Up to $125 billion in support for credit to flow through $20 billion of loan guarantees for small businesses, and actions announced on Thursday 20 March to support $90 billion of business lending.
Regulatory protection and financial support for businesses to stay in business:
- A Coronavirus SME Guarantee Scheme, which will support small and medium enterprises (SMEs) to get access to working capital to help them get them through the impact of the coronavirus.
- A temporary increasing of the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive.
Delivering support for business investment:
- An increase to the instant asset write-off threshold from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020.
- A time limited 15-month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions.
Coronavirus SME Guarantee Scheme:
The Coronavirus SME Guarantee Scheme will provide small and medium sized business with timely access to working capital to help them get through the impact of coronavirus (COVID-19).
The Government will provide eligible lenders with a guarantee for loans with the following terms:
- SMEs, including sole traders, with a turnover of up to $50 million.
- Maximum total size of loans of $250,000 per borrower.
- Loans will be up to three years, with an initial six-month repayment holiday.
- Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.
On 21 July 2020, the Government announced it is extending the JobKeeper payment until 28 March 2021 and is targeting support to those businesses and not-for-profits who continue to be significantly impacted by the Coronavirus.
- The existing JobKeeper payment will remain in place until 27 September 2020. Information about the operation of the JobKeeper payment until 27 September 2020 is available on the ATO website External link.
- From 28 September 2020, the JobKeeper payment will be targeted to businesses and not-for-profits that have been most significantly impacted and the payment rates will be stepped-down and two tiers of payment will be introduced.
If you currently receive JobKeeper payment it remains unchanged and available until 27 September 2020. From 28 September 2020, businesses and not-for-profits seeking to claim JobKeeper Payments will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover. The JobKeeper extension will be available to qualifying businesses and not-for-profits from 28 September 2020 until 28 March 2021.
The ATO is administering the JobKeeper payment and detailed information and guidance on JobKeeper is available on the ATO website.
Support for workers and households:
- Temporarily expanding eligibility to income support payments and establishing a new, time-limited coronavirus supplement to be paid at a rate of $550 per fortnight
- Allow individuals in financial stress as a result of the coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21.
For information on the Australian Government’s economic response to coronavirus (COVID-19) refer to: https://treasury.gov.au/coronavirus
Supporting live music venues
Victoria is home to a vibrant and hard-working live music community. Our live music scene means so much to so many Victorians – and it’s a big part of who we are.
That’s why the Victorian Government has introduced a range of support to protect and provide relief for live music venues across the state, during the coronavirus (COVID-19) pandemic.
Read the Support for music venues fact sheet (DOCX 114.67 KB).
Working for Victoria fund
Under the Working for Victoria fund, displaced workers will be eligible to apply for different types of work. This presents opportunities for paid work and an opportunity to contribute to Victoria’s ability to manage this event and support the community.
Register your interest here
Australian Banking Association hardship teams. Financial hardship teams have been set up to assist with:
- deferring loan payments
- waiving fees and charges
- helping with debt consolidation
- waiving penalties for early withdrawal of term deposit
- eferring upcoming credit card payments and increasing emergency limits
Victorian Chamber of Commerce are offering Essentials membership for 12 months ($700 waiver) plus $700 training and consulting credit, as well as two free calls to the advice line. Contact James Gulli for more information: 0419 754 775 or email JGulli@victorianchamber.com.au
Melbourne Innovation / Australian Small Business Advisory Services (ASBAS) Digital solutions program For-profit small businesses with less than 20 employees can register for a free digital solutions program to help up-skill.
Great Ocean Road Regional Tourism (GORRT) are offering a free marketing package for all tourism businesses in the Great Ocean Road Region. Great Ocean Road Regional Tourism, in collaboration with local government partners and Visit Victoria, are launching a fully subsidised marketing support package for all businesses that service visitors to the region. The digital marketing package, normally valued at $540, is free to businesses who sign up now. To ensure all businesses in the region benefit, existing paid partners will receive a 12-month extension on their current listing at no cost. To redeem your free listing visit: https://www.greatoceanroadtourism.org.au/atdw-listing/
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