The JobKeeper payment will provide subsidy to eligible businesses to assist them to keep paying their employees. This assistance will help businesses to keep people in their jobs and re-start when the crisis is over.
Cash flow support for small & medium business
Cash flow support of up to $100,000 for eligible small and medium sized business.
Temporary relief for financially distressed businesses
A temporary safety net to lessen the threat of actions that could unnecessarily push businesses into insolvency and force the winding up of their business.
Increasing the instant asset write-off
Increase to the instant asset write-off from $30,000 to $150,000 for eligible businesses.
Supporting apprentices & trainees
Eligible businesses can apply for a wage subsidy of 50% of the apprentice's or trainee's wage.
Support for Coronavirus-affected regions & communities
The Government has set aside $1 billion to support regions most significantly affected by the Coronavirus outbreak.
$10K Business Support Fund
The Victorian Government launched the $500 million Business Support Fund as part of its $1.7 billion Economic Survival Package to help small businesses survive the impacts of coronavirus (COVID-19) and keep people in work.
The fund provides eligible businesses with one-off grants of $10,000.