The JobKeeper Payment can help your business retain employees during the coronavirus pandemic — but…
Lockdown Support Available in Victoria
Learn more about available support for your business if you have been impacted by the Victorian lockdowns.
Support for my Business
The Victorian Government has announced new cash grants for businesses impacted by the lockdown declared on 15 July 2021.
The cash grants will be paid automatically to businesses that successfully received a grant from the Business Costs Assistance Program Round Two or the Licensed Hospitality Venue Fund 2021 (including regional businesses).
Licensed Hospitality Venue Fund – $3,000
Business Costs Assistance Program – $2,000
You will not need to take any further action. The grant will automatically be paid. The payment will be processed from mid-July.
I did not apply for the original grants but would like to apply for the top-up?
BusinessVictoria has stated that more information is coming shortly on this question. The first step is to ensure that you were eligible for the original grants.
Support For Me
There are two payments accessible to individuals: the COVID-19 Disaster Payment; and, the Pandemic Leave Disaster Payment.
How to apply for support
You can apply for the COVID-19 Disaster Payment through your MyGov account if you have created and linked a Centrelink account. Apply for the Pandemic Leave Payment by phoning Services Australia on 180 22 66.
COVID-19 Disaster Payments
The COVID-19 Disaster Payment is a weekly payment available to eligible workers who can’t attend work or who have lost income because of a lockdown and don’t have access to certain paid leave entitlements. If you are a couple, both people can separately claim the payment.
Sole traders may apply for COVID-19 Disaster Payment if you are unable to operate your business from home. However, you will not be eligible if you are also receiving a state business grant.
Timing of the payment
The disaster payment is generally accessible if the hotspot triggering the lockdown lasts more than 7 days as declared by the Chief Medical Officer (you can find the listing here). However, In Victoria anyone who meets the eligibility criteria will be able to access the payment from day 1 of the lockdown (15 July 2021) but the payment will not be accessible until 23 July 2021.
How much is the payment?
The COVID-19 disaster payment amount available depends on:
• How many hours of work you have lost in the week, and
• If the payment is on or after the third period of the lockdown.
Hours of work lost: Disaster payment amount:
Between 8 and 20 $375
20 or more $600
The payment applies to each week of lockdown you are eligible and is taxable (you will need to declare it in your income tax return).
The COVID-19 disaster payment is emergency relief. It is available if you:
• Live or work in an area that is subject to a state or territory public health order that imposes restriction on movement and is declared a Commonwealth COVID-19 hotspot, or
• Have visited an area that is a Commonwealth COVID-19 hotspot and you are subsequently subject to a restricted movement order when you return to other parts of New South Wales or interstate.
• Are an Australian citizen, permanent resident or temporary visa holder who has the right to work in Australia, and
• Are aged 17 years or over, and
• Have lost 8 hours or more of work or a full day of your usual work as a result of the restrictions – losing work includes being stood down by your employer, not being assigned any shifts for the week of restrictions and being unable to work from home. Losing a full day of what you were scheduled to work but could not work because of a restricted movement order. This includes not being able to attend a full-time, part-time or casual shift of less than 8 hours, and
• Don’t have paid leave available through your employer (other than annual leave), and
• Are not receiving income support payments, a state or territory pandemic payment, Pandemic Leave Disaster Payment or state small business payment for the same period. Income support payments include Age Pension, Austudy, Carer Payment, Disability Support Pension, Farm Household Allowance, JobSeeker Payment, Parenting Payment, Partner Allowance, Special Benefit, Widow Allowance, Youth Allowance and Income Support Supplement, Service Pension or Veteran Pension from the Department of Veterans’ Affairs.
Pandemic Leave Disaster Payment
The Pandemic Leave Disaster Payment is for those who have been advised by their relevant health authority to self-isolate or quarantine because they:
• Test positive to COVID-19;
• Have been identified as a close contact of a confirmed COVID-19 case;
• Care for a child, 16 years or under, who has COVID-19; or
• Care for a child, 16 years or under, who has been identified as a close contact of a confirmed COVID-19 case; or
• Care for a person who has tested positive to COVID-19.
How much is the payment?
The payment is $1,500 for each 14 day period you are advised to self-isolate or quarantine. If you are a couple, you both can claim this payment if you meet the eligibility criteria.
The Pandemic Leave Disaster Payment is available if you:
• Are an Australian citizen, permanent resident or temporary visa holder who has the right to work in Australia; and
• Are aged 17 years or over; and
• Are unable to go to work and earn an income; and
• Do not have appropriate leave entitlements, including pandemic sick leave, personal leave or carers leave; and
• Are not getting any income support payment, ABSTUDY Living Allowance, Paid parental leave or Dad and Partner Pay. Income support payments include Age Pension, Austudy, Carer Payment, Disability Support Pension, Farm Household Allowance, JobSeeker Payment, Parenting Payment, Partner Allowance, Special Benefit, Widow Allowance, Youth Allowance and Income Support Supplement, Service Pension or Veteran Pension from the Department of Veterans’ Affairs.
The payment is taxable and you will need to declare it in your income tax return.
If you are uncertain of your eligibility, talk to Services Australia.
The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information. If expert assistance is required, professional advice should be obtained. For advice on your business, feel free to reach out to us at Fullstack.
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Stuart Reynolds is the founder of Fullstack Advisory, an award-winning accounting firm for businesses leading the future. He is a 3rd generation accountant who specialises in tech companies, crypto and entrepreneurs.