The Victorian Government are offering support for entitled construction businesses, including employing and non-employing businesses, who were affected by the construction sector shutdown from 21 September – 4 October 2021.
The Business Costs Assistance Program Round Four – Construction offers one-off support payments to eligible businesses in the construction industry that were operating in the below local government regions at the time of the restrictions:
- Metropolitan Melbourne
- Mitchell Shire
- Surf Coast Shire
- The City of Greater Geelong
Businesses affected need to have incurred direct expenses due to the COVID-19 construction shutdown restrictions between 21 September to 4 October 2021, which have not been and will not be partially or fully recovered or reimbursed.
The payments of up to $8,400 will be available to entitled businesses based upon the payroll size.
The program will stay open until 11:59pm on 9 November 2021 or when funds are exhausted, whichever is sooner.
You can find out more on the Business Victoria website regarding the support program guidelines and to see if you meet the eligibility criteria conditions.
Businesses, individuals and Sole Traders who do not meet the eligibility measures but have lost hours or income, may be entitled to financial support via the Commonwealth Government’s COVID 19 Disaster Payment. Please know that the payment may not be available when the 80% vaccination target is reached, based on Commonwealth Government policy.
Click here for to see the list of eligible sectors.
For those who have multiple businesses can only apply for one grant per ABN. If you have other businesses with a different ABN that meet the eligibility criteria for this program, you must submit a separate application for each ABN. Each business or ABN must meet all the eligibility criteria.
Not-for-profit organisations that are not registered for GST and have an annual turnover between $75,000 and $150,000 can apply for a grant. Your organisation must meet all other eligibility criteria to be eligible.
For those businesses that had already received funding under one of the below programs will not be eligible for a grant under this new program:
- Small Business COVID Hardship Fund.
- Business Costs Assistance Program Round Two
- Business Costs Assistance Program Round Two July Extension
Businesses that do meet the eligibility measures and have received assistance through the previous three rounds of the Business Support Fund, payroll tax rebate/waiver, or other COVID-19 business support programs are eligible to apply for a grant under this program.
The support grant amount payable to an entitled business is calculated by its payroll size:
- $2000 for non-employing businesses
- $2800 for employing businesses with annual payroll below $650,000
- $5600 for employing businesses with an annual payroll between $650,000 and less than $3 million
- $8400 for employing businesses with an annual payroll between $3 million and $10 million.
Businesses that receive funding under the Business Costs Assistance Program Round Four – Construction will not be eligible for automatic top-up payments under the Business Costs Assistance Program Round Two and the Business Costs Assistance Program Round Two July Extension.
When applying for this grant you will need a number of documents available to submit, find out what information you will need to provide here.
If you’d like to discuss any of the above information, please do not hesitate to contact our office.
