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Victorian Government Covid Hardship Grant Details

Victorian Government Covid Hardship Grant Details

The Victorian Government has established a “new” funding option for businesses that were not eligible under the terms and conditions of other Grants launched after the 27th May 2021. It is named “Small business COVID Hardship Fund”. Information can be found on the link:
 
https://business.vic.gov.au/grants-and-programs/small-business-covid-hardship-fund
 
 
The eligibility criteria for this grant are as follows:
 
Eligibility criteria
 
To be eligible, businesses must

  • be located within Victoria
  • as a direct consequence of COVID-19 restrictions since 27 May 2021 have experienced a reduction in turnover of at least 70% for a minimum consecutive two-week period comparable to a benchmark period in 2019
  • have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis
  • have been registered for Goods and Services Tax (GST) on and from 28 July 2021
  • hold an Australian Business Number (ABN) and have held that ABN on and from 28 July 2021
  • be registered with the responsible Federal or State regulator.

Employing businesses must also:

  • be registered with WorkSafe Victoria
  • attest that the business is supporting its workers to access any paid leave entitlements, or that if a person can work from home, to work from home during the COVID-19 restrictions, and supporting their casual workers, where possible. 

Businesses should ensure that all relevant registrations are up to date before applying for a grant under this program.
 
As you can see below, there are three ways to lodge the application below:

Qualified agent applications
If a qualified accountant, registered tax or BAS agent can apply on your behalf, or if you can provide a statement from a qualified agent in your application, please apply using the button below.
I'm a Qualified Agent
I'm a business owner with a Qualified Agent

Non-agent applications
If you are not able to supply a statement from a qualified agent, please register your interest for the program using the button below.
I'm a business owner without a Qualified Agent
 
Some points to note

  • You need to prove that there is a 70% reduction in income
  • You must demonstrate a reduction in turnover of at least 70% for a minimum consecutive two-week period since 27 May 2021 as a direct consequence of COVID-19 restrictions, comparable to a benchmark period in 2019
  • Businesses should compare their best consecutive two-week trading period between 27 May and 10 September 2019, with their worst consecutive two-week trading period between 27 May and 10 September 2021
  • You need to make sure that you meet all of the other eligibility criteria.

As your agent we stand ready to assist our clients in applying for this form.

Please do contact us should you require our assistance.

As there will be a small fee involved in preparing these grant applications, it is important that all details be presented to us in good order.

Please also note that applications close on the 10 September 2021

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