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A couple of new funding initiatives for Victorian businesses have been announced by the Victorian government recently. There have also been updates to Workcover’s COVID-19 reporting regulations. Here’s a brief outline of each of these updates: Small Business COVID-19 Hardship Fund The Victorian Government’s Small Business COVID Hardship Fund will assist eligible small and medium… Read more »

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New support programs targeting small and medium businesses have been announced in a joint venture between the Commonwealth and State governments. These include: Business Continuity FundBusinesses impacted by capacity limits will receive a $5,000 grant, thanks to the $156 million Business Continuity Fund. 24 sectors are covered by the fund, including gyms, cafes, restaurants, event… Read more »

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The Australian government has recently announced some significant changes to superannuation contributions affecting Australians saving for their retirement. Concessional (pre-tax) Contributions Cap Increase From July 1, 2021, the concessional contributions cap increased from the current limit of $25,000 per annum to $27,500 per annum. This cap includes your employer’s compulsory Superannuation Guarantee Contributions, and voluntary… Read more »

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Last week the Victorian Government announced new cash grants for businesses affected by the latest lockdown, to support a stronger recovery on the other side of the public health restrictions. Businesses that applied for the latest Business Costs Assistance Program and Licensed Hospitality Venue Fund should have received an automatic support payment of $2,000 &… Read more »

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The Victoria Events Industry has certainly been among the most negatively impacted by the state’s COVID-19 restrictions. The $20 million dedicated Victorian Events Support Package will support event organisers, hosts and suppliers as they manage the ongoing impacts of the COVID-19 pandemic. The package provided by the Victorian State Government is now available and delivers… Read more »

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CIRCUIT BREAKER BUSINESS SUPPORT PACKAGEupdated Monday June 7th In response to Victoria’s latest 7-day stage 4 lockdown, the State Government has announced three grants to assist businesses feeling the impact. These grants include: Business Costs Assistance Program Licensed Hospitality Venue Fund Temporary Covid Disaster Payment Victorian Events Support Package Keep reading for more information on… Read more »

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The Full Federal Court has ruled the ATO’s discretion in denying certain businesses access to JobKeeper and the cash flow boost was applied narrower than it was intended to be. This court ruling was handed down in March, with the ATO confirming they will begin a review of certain previous decisions, using the wider discretion… Read more »


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