News & Views

4th October 2021

Cash Support for Small Construction Businesses

The Victorian Government has announced a $196.6 million support package of cash grants for construction operators in Melbourne, the City of Greater Geelong, Surf Coast Shire and Mitchell Shire most affected by the restrictions period from Tuesday 21 September to Monday 4 October. (Read the full press release here)

Business Costs Assistance Program Round Four – Construction grants

Eligible non-employing sole trader businesses will receive a one-off payment of:

  •     $2000 for eligible non-employing sole trader businesses

  •     $2800 for businesses with an annual payroll of up to $650,000

  •     $5,600 for an annual payroll of $650,000 to $3 million

  •     $8,400 for an annual payroll of $3 million to $10 million.

Applications for Business Costs Assistance Program Round Four – Construction support will open in mid-October 2021.

To be eligible, businesses must:

  •     have a worksite located in metropolitan Melbourne, the City of Greater Geelong, Mitchell Shire or Surf Coast Shire

  •     be registered under a relevant construction-sector ANZSIC codes

  •     have a Victorian payroll of less than $10 million a year

  •     have incurred direct costs due to restrictions

  •     be registered for GST and

  •     have not previously received support under the Business Cost Assistance Program or the Small Business Covid Hardship Fund.

For more information and to subscribe to updates visit the Business Costs Assistance Program Round Four – Construction grants website

 

Commonwealth‘s COVID-19 Disaster Payments

Until Victoria reaches 80 per cent full vaccination, construction workers who lose hours of work due to restrictions can also access payments under the Commonwealth‘s COVID-19 Disaster Payments scheme, as can sole traders not registered for GST, who lose work and do not qualify for state support.

This payment is currently set at $450 for people who have lost from eight to 20 hours work or a full day of work – over seven days – and $750 for 20 hours or more of work lost.

 

Subscribe to the Business Victoria newsletter for updates on these and other business support programs.

For more information on the Roadmap, industry restrictions or to book a vaccination, visit coronavirus.vic.gov.au.