The outbreak of coronavirus (COVID-19) is causing economic disruption in many sectors including tourism and hospitality, education, property, resources, and international supply chains.
If your business is being affected by coronavirus (COVID-19) there are resources that can help.
Economic Survival Package fact sheet
The Victorian Government has established an economic survival package to support Victorian businesses and workers through the devastating impacts of the coronavirus (COVID-19) pandemic.
Victorian Government Business Support Fund
The Victorian Government has launched the $500 million Business Support Fund to support small businesses in the sectors hit hardest so they can survive and keep people in work. Eligible businesses can apply for a one-off $10,000 grant which can be used towards costs such as utilities, rent, salaries and activities to support business continuity planning.
Victorian Small Business Commission – mediation support
The Victorian Small Business Commission (VSBC) can help resolve small business disputes, including disputes over a retail lease, through a quick, confidential and low-cost mediation service. The VSBC is also closely monitoring the conduct of landlords to ensure no small business tenants are unreasonably penalised during this time.
Business Victoria hotline
Australian Government Economic Stimulus Package
The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees. Assistance includes cash flow support to businesses and temporary measures to provide relief for financially distressed businesses.
The JobKeeper Payment is designed to help businesses affected by the coronavirus to cover the costs of their employees’ wages, so that more employees can retain their job and continue to earn an income.
The Australian Government will provide $1,500 per fortnight per employee for up to 6 months.
Keep informed of changes
Things are changing rapidly, make sure you're seeking out trusted sources of information so you can keep up with the latest developments for small business owners.
Reviewed 04 August 2020