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Updates to $10,000 Business Support Fund Criteria

$10,000 Business Support Fund
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Yesterday, the Victorian Government announced that they are going to be extending their $10,000 Business Support Fund.

That way they can support even more Victorian businesses affected by the Coronavirus pandemic.

They are now expanding the criteria to include businesses with a wages bill less than the payroll tax threshold of $650,000 who are participating in the Commonwealth JobKeeper program, regardless of the sector they operate in.

Eligibility for the fund will not be expanded to include sole traders, who are covered by JobKeeper.

This means that businesses who applied for Business support payments but were not eligible (due to sector classification), will be contacted by the Department of Jobs, Precincts and Regions regarding their eligibility.

We already know of some clients who have been contacted about this within the last few days.

Businesses who did not apply for a grant due to their sector classification, are now being encouraged to apply when applications for the expanded group open in coming days.

You can read more about the updates via this link.

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