{"id":2294,"date":"2020-04-02T23:05:52","date_gmt":"2020-04-02T12:05:52","guid":{"rendered":"https:\/\/mnygroup.wpengine.com\/?p=2294"},"modified":"2025-02-01T18:48:51","modified_gmt":"2025-02-01T07:48:51","slug":"vic-business-support-fund-open-for-application","status":"publish","type":"post","link":"https:\/\/mnygroup.com.au\/en\/vic-business-support-fund-open-for-application\/","title":{"rendered":"VIC Business Support Fund open for application"},"content":{"rendered":"<p>The Victoria Government has established an economic survival package to support Victorian businesses and workers through the devastating impacts of the COVID-19 pandemic.<\/p>\n<p>The Fund is part of the package, totaling $500 million is available for business.<\/p>\n<p><strong>Fund Overview:<\/strong><br \/>\nFunding of $10,000 per business is available and will be allocated through a grant process.<\/p>\n<p><strong>Eligibility:<\/strong><br \/>\nSmall businesses are eligible if they:<\/p>\n<p style=\"padding-left: 40px;\">1. Hold an ABN at 16th March 2020 and Have been engaged in carrying out the operation of<br \/>\nthe business in the Australian State of Victoria on 16 March 2020.<\/p>\n<p style=\"padding-left: 40px;\">2. Employ staff<\/p>\n<p style=\"padding-left: 40px;\">3. have been subject to closure or are highly impacted by Victoria\u2019s Non-Essential Activity<br \/>\nDirections issued by the Deputy Chief Health Officer to-date (<a href=\"https:\/\/mnygroup.com.au\/wp-content\/uploads\/2020\/04\/Non-Essential-Activity-Directions.pdf\">Non Essential Activity Directions<\/a>)<\/p>\n<p style=\"padding-left: 40px;\">4. have a turnover of more than $75,000; (Meaning that you must registered for GST)<\/p>\n<p style=\"padding-left: 40px;\">5. have payroll of less than $650,000 (For business with payroll amount more than $650,000,<br \/>\nstate government of Victoria is refunding payroll tax of 2018-2019 and waiving the payroll tax of<br \/>\n2019-2020).<\/p>\n<p><strong>What sectors are defined as Non-Essential Activity Directions for grants?<\/strong><\/p>\n<p style=\"padding-left: 40px;\">1. Pubs, bars, clubs, nightclubs and hotels<\/p>\n<p style=\"padding-left: 40px;\">2. Recreational facilities<\/p>\n<p style=\"padding-left: 40px;\">3. Entertainment facilities<\/p>\n<p style=\"padding-left: 40px;\">4. Place of worship<\/p>\n<p style=\"padding-left: 40px;\">5. Non-essential retail facilities including beauty and personal care facility, auction house(but can<br \/>\noperate remotely), market hall etc&#8230;<\/p>\n<p style=\"padding-left: 40px;\">6. Food and drink facilities such as cafe, restaurant, fast-food store, cafeteria and canteen. Take away<br \/>\nfood and delivery food is allowed, there are other permissions, please refer to the above link.<\/p>\n<p style=\"padding-left: 40px;\">7. Accommodation Facilities such as camping ground and caravan park, other types of<br \/>\naccommodation is currently allowed with certain requirements.<\/p>\n<p style=\"padding-left: 40px;\">8. Swimming pools<\/p>\n<p style=\"padding-left: 40px;\">9. Animal facilities<\/p>\n<p style=\"padding-left: 40px;\">10. Real estate auctions and inspections<\/p>\n<p><strong>Not listed Non-Essential Activity Directions?<\/strong><\/p>\n<p>You can still apply if you meet all the other eligibility criteria and consider that the shutdown<br \/>\nrestrictions have highly impacted on your business. Your application will be assessed against the<br \/>\nguidelines.<\/p>\n<p><strong>How can the funding be used?<\/strong><br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> Meeting business costs, including utilities, salaries, rent<br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> Seeking financial, legal or other advice to support business continuity planning;<br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> Developing the business through marketing and communications activities;<br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> Other supporting activities related to the operation of the business.<\/p>\n<p>There are certain areas that the fund can not be used, the Applicants will be subject to audit by the<br \/>\nVictorian Government or its representatives and will be required to produce evidence, such as payroll<br \/>\nreports to demonstrate impact, at the request of the Victorian Government for a period of four years<br \/>\nafter the grant has been approved.<\/p>\n<p><strong>Documents Required Lists:<\/strong><br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> A recent BAS<br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> Recent Payroll report<br \/>\n<span style=\"font-size: 75%;\">\u26ab<\/span> Other supporting materials<\/p>\n<p>All questions in the application must be completed and any requested documentation attached to<br \/>\nensure timely assessment and grant payment<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":2307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1690],"tags":[],"class_list":["post-2294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxation-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/2294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/comments?post=2294"}],"version-history":[{"count":0,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/2294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media\/2307"}],"wp:attachment":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media?parent=2294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/categories?post=2294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/tags?post=2294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}