Victorian government announces new Omicron measures to help businesses

COVID-19GovernmentTax

22 February 2022

The Victorian Government has announced a new business stimulus package to support business recovery in Victoria.

The main measures include:

  1. A $60 million Ventilation Voucher Program to help small businesses purchase equipment and upgrades to reduce the spread of COVID-19 in the workplace and improve customer confidence. These measures will include rebates of up to $5,000 as well as $500 vouchers

  2. A further $5 million to extend the Small Business Digital Adaptation Program, providing rebates of up to $1,200 so businesses can access a range of digital tools

  3. Extension of the Business Recovery and Resilience Mentoring Program with the Victorian Chamber of Commerce and Industry so more small businesses have access to coaching

  4. $34.2 million of Jobs Victoria funding to place workers in over 1,500 jobs across hospitality, warehousing and logistics, tourism and food processing

The package also includes:

  • $100 million in voucher schemes to provide rebates for Victorians for entertainment, dining, and travel to entice diners back to the city cafes, bars and restaurants;

  • A $30 million program providing rebates on food and wine experiences in regional areas and suburbs beyond Melbourne’s borders;

  • A $30 million entertainment voucher scheme to provide rebates for tickets to the theatre, live music, cinemas, museums, galleries, conferences, exhibitions and other events across Victoria.

  • A $30 million Victorian Travel Voucher scheme to encourage Victorians to holiday at home and spend on accommodation, attractions and tours.

Please note that as with all the COVID measures, the assistance available is constantly changing and all the support package details may not yet be available at the time of the announcement. Please speak to your Findex representative for more information.

Author: Roelof van der Merwe

Roelof is the National Tax Director of Findex and has more than 15 years' experience in Australia delivering practical tax and consulting services. Roelof joined Findex after gaining experience in Big 4 and mid-tier firms. Roelof helps to ensure that Findex stays up-to-date with the latest developments by interpreting technical tax information in a practical and relevant manner. He has experience on a wide variety of complex tax related topics and has the ability to identify, understand and clearly communicate how the tax law may impact business transactions and taxpayers.