Yesterday the Victorian Government announced a snap seven day lockdown for the Shepparton LGA from 11:59pm last night. The announcement was made late yesterday evening as a result of rising cases in the area.
The Victorian Government has today made the following announcements regarding business support for the construction industry.
Business Costs Assistance Program – Construction
A $196.6 million support package has been announced that will comprise one-off grants to eligible businesses to cover the impacts of the construction shutdown from 21 September 2021 to 4 October 2021. A press statement is attached.
Eligible non-employing sole trader businesses will receive a one-off payment of $2,000, increasing to $2,800 for businesses with an annual payroll of up to $650,000, $5,600 for a payroll of $650,000 to $3 million and $8,400 for a payroll of $3 million-$10 million.
To be eligible, businesses must have not previously received support under the Business Cost Assistance Program or the Small Business Covid Hardship Fund. It is likely that this is to prevent businesses ‘doubling up’ on support – this is consistent with the principle that businesses cannot receive both the Business Cost Assistance Program and the Licensed Venue Hospitality Fund, for instance.
Applications will open in mid-October. Further eligibility criteria and guidelines will be published on the Business Victoria Website, where businesses can also register for an email notification reminder for when applications open.
Covid-19 Disaster Payments
Up until the point at which Victoria reaches 80 per cent full vaccination, construction workers who lose hours of work due to restrictions can access these payments under the Commonwealth‘s scheme, as can sole traders who are not registered for GST, lose work and do not qualify for state support.
The payment is currently set at $450 for people who have lost from eight to 20 hours work or a full day of work – over seven days – and $750 for 20 hours or more of work lost.
This update does not constitute legal advice and should not be relied upon as such. It is intended only to provide a summary and general overview on matters of interest and it is not intended to be comprehensive. You should seek legal or other professional advice before acting or relying on any of the content.