We understand the concern in the business community as Coronavirus (COVID-19) affects the ability of many businesses to continue trading, pay staff wages and ensure long-term viability.
A range of support is available for businesses impacted by COVID-19 with key contact information set out below. For further information about government assistance phone the Business Victoria Hotline 13 22 15.
The Victorian Government has set up an economic survival package to support Victorian businesses and workers impacted by COVID-19, which complements the work of the Australian Government.
This includes a Business Support Fund which was expanded by the Victorian Government in July to assist businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to the Stage 3 Stay at Home restrictions. These businesses may be eligible for a one-off $5,000 grant however they must be participating in JobKeeper and employ people to apply. Other criteria applies and applications close 19 August 2020.
The Victorian Government package also includes payroll tax refunds, the waiving of liquor licence fees, land tax deferral, a Working for Victoria Fund (which helps Victorians who have lost their jobs due to COVID-19 find new employment opportunities) as well as other initiatives. More information is available here.
The Australian Government will provide financial support to businesses impacted by COVID-19. Subject to eligibility, this includes support such as the JobKeeper Payment, cash flow assistance, apprentice wage subsidies and loan guarantees.
Under the JobKeeper Payment, businesses impacted by COVID-19 are able to access a wage subsidy of $1,500 per fortnight before tax to continue paying their employees. The payment will be paid to employers for up to six months for each eligible employee that was on their books as at 1 March 2020 and is retained or continues to be engaged by that employer. Self-employed individuals can also get the JobKeeper payment where they’ve suffered (or expect to) a 30 per cent decline in turnover.
The Australian Government’s Coronavirus COVID-19 website is regularly updated to give you the latest Coronavirus news, updates and advice from government agencies across Australia.
Wyndham City Council’s $5m WYNLocal Economic Support Package is made up of four main elements: (1) a free consultation with a local specialist in either business planning, human resources, finance or digital marketing (see the WYNLocal Small Business Professional Services Advice Program) (2) a business grants program - this element of the program has now closed (3) the opportunity to defer business rates and (4) fees relief for businesses. If you have any questions please complete this enquiry form or phone 9742 8170.
Contact details are set out below for further information about assistance available.
Other Advice, Resources & Support
Instant Asset Write Off
To keep up to date:
- check Australian Government’s Coronavirus COVID-19 website
- Check Business Victoria - Coronavirus Business Support
- Check this web page and WYNLocal Economic Support Package
- Join the Wyndham Localised online platform
- If you are still operating list your business on the Wyndham Businesses still open webpage
- Join the LinkedIn group Business Matters in Wyndham
- Subscribe to Wyndham City Council’s Business Matters in Wyndham e-newsletter.