Institute of Certified Bookkeepers

Support for Business & Individuals – VIC (July 2021)

Business Support Payment

Grant payments will be made automatically to eligible Victorian businesses and sole traders affected by the lockdown. Businesses that have or will receive payments through the Licensed Hospitality Venue Fund and Business Costs Assistance Program relating to the May-June lockdown will receive additional support payments of $3,000 and $2,000, respectively. These payments are expected to commence by 23rd July.

To be eligible for the July 2021 Top-Up Payment, businesses must have successfully applied for the Business Costs Assistance Program Round Two or the Licensed Hospitality Venue Fund 2021 for the May-June lockdown. Businesses do not need to apply for the payment.

Income Support Payments for Lockdown-impacted Workers

Victorian workers affected by the current public health restrictions are eligible for the COVID-19 Disaster Payment from Services Australia:

  • Payments of $600 will be made to Victorians that lose 20 hours or more of work during the period of the lockdown
  • Payments of $375 will be made to individuals that lose between 8-20 hours of work during the period of the lockdown
  • There is no liquid assets test applied to receive these payments.

The payments will be for Victorians who meet the above eligibility requirements and who work or live in a COVID-19 Hotspot declared by the Commonwealth, being Greater Melbourne, Moorabool Shire, City of Greater Geelong, Borough of Queenscliff and Surf Coast Shire.

Rent Relief Agreements

The Victorian Small Business Commission (VSBC) is providing support to commercial tenants and landlords who are experiencing financial hardship as a result of COVID-19.

Since the Victorian Government's Commercial Tenancy Relief Scheme ended, commercial tenants are no longer legally entitled to rent relief. Help reaching rent relief agreements can be accessed via VSBC.

The VSBC are providing free and impartial mediation to help resolve commercial rent relief disputes in response to the pandemic.

  • 20th July 2021