Victoria’s budget for 2021-22 has included increased stamp duty and land tax rates for “top-end” property owners, and measures for businesses impacted by snap lockdowns.
22 Feb 2021
New support has been announced for small businesses, including sole traders, most impacted by Victoria’s recent ‘circuit-breaker action’.
New $200 vouchers for travel in regional Victoria and Melbourne are being introduced to further bolster tourism businesses and workers, while licenced venues and accommodation businesses will receive dedicated new assistance.
The $143 million Circuit Breaker Support Package is expected to help more than 50,000 Victorian businesses, including restaurants and accommodation providers, who incurred costs during the snap five-day lockdown.
The package contains four initiatives targeted at businesses, including small and micro-businesses.
The new $92 million Business Costs Assistance Program will offer grants of $2,000 for eligible employing and non-employing businesses in the hospitality, food wholesaling, tourism, events, and selected retail industries.
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State Government announces support package following circuit breaker
New support has been announced for small businesses, including sole traders, most impacted by the coronavirus circuit-breaker action.
The $143 million Circuit Breaker Support Package is expected to help more than 50,000 Victorian businesses, including restaurants, florists, confectioners, hairdressers, accommodation providers, musicians and performers.
The package contains four initiatives targeted at businesses, including small and micro businesses.
Details of the package can be seen below.
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- The new $92 million Business Costs Assistance Program will offer grants of $2,000 for eligible employing and non- employing businesses in the hospitality, food wholesaling, tourism, events and selected retail industries. Businesses with an annual payroll of up to $3 million will be eligible.