NEWS

Federal Government: COVID-19 Information, Support and Resources for Business

The Australian Government has announced measures to support businesses impacted by the coronavirus (COVID-19). If you run a company, learn what your business can get and where to go for help Support for employers If you employ staff, you may be eligible for: Temporary cash flow support Employers will receive a payment equal to 100 per cent of their salary and wages withheld (up from 50 per cent), with the maximum payment being increased from $25,000 to $50,000 and the minimum payment increased from $2,000 to $10,000. Boosting Cash Flow for Employers payments An additional payment is also being introduced equal to the total of all of the Boosting Cash Flow for Employers payments received. Thi

VICTORIAN ECONOMIC SURVIVAL PACKAGE TO SUPPORT BUSINESSES AND JOBS

The Victorian Government will pump billions of dollars into the economy to help Victorian businesses and workers survive the devastating impacts of the coronavirus pandemic. Premier Daniel Andrews and Treasurer Tim Pallas announced a $1.7 billion economic survival and jobs package, which has been developed following discussions at National Cabinet and complements the work of the Federal Government. As part of the package, the Government will provide full payroll tax refunds for the 2019-20 financial year to small and medium-sized businesses with payroll of less than $3 million – giving $550 million back to businesses who need it. Payments will start flowing next week and will save eligible b

ACCELERATING COMMERCIALISATION GRANT

The Australian Government provide grants, funding and support programs to help people grow and succeed their business by meeting certain eligibility criteria, and that aside from funding assistance, many programs can help their business by building skills and knowledge. Accelerating Commercialisation is a grant which provides small and medium businesses, entrepreneurs and researchers with access to funding to help get a unique product, process or service to market. It provides them expert guidance to help find a commercialisation solution that is right for them. Matched funding is available to support their commercialisation activities. The Accelerating Commercialisation Portfolio is made up

Investment Support Grants – Packaging

Sustainability Victoria is offering a competitive grants program to support organisations in Victoria to reduce packaging waste disposed in landfill. This program is for small to medium enterprises, not-for-profits and social enterprises. Key Details Applications are now open Applications close 5 March 2021 or earlier if the funding is fully subscribed or closed We aim to inform the applicant of the outcome within 30 days of submission Projects must be completed within 12 months of signing the funding agreement Grants of up to $50,000 are available Financial co-contribution is required at a ratio of 1:1 Small to medium enterprises can contribute up to 25% of their co-contribution as in-kind.

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