Helping You to Continue to Love Your Place
As we all continue to navigate this new world we currently find ourselves in, the City of Port Phillip is here to help you find ways to support our communities, our businesses and most importantly, you. Our ever-growing list of businesses that continue to trade, in innovative and creative ways, is listed here. Please tell us about how your business is continuing to operate and we will promote it.
City of Port Phillip Assistance
Business Support Package
The Victorian Government recently announced a $534 million Business Support Package to assist those hit hardest by the latest COVID-19 restrictions. There are a range of new support packages and assistance available for local businesses.
Business Support Grant
This grant of $5000 aims to support local businesses meet expenses and is available to all areas under Stage 3 restrictions. This grant is in addition to the first round of business support. Applications close on the 19 August 2020. More information, see Business Support Grants
The Night-Time Economy Fund
This fund provides $30 million to support restaurants, pubs and hospitality venues throughout the crisis. This fund can be used to assist in mediation with landlords and financial assistance including rent relief. More information, see The Night-Time Economy Fund
Business Advisory and Wellbeing Program
This program will provide grants for local businesses and sole traders to access mentoring advice to support their viability throughout the pandemic. This program also includes $26 million for local businesses to access mental health support. More information, see Business Advisory and Wellbeing Program
Cash Flow Boosts
Additional tax free cash flow boosts will be available to businesses when you lodge your activity statements for each monthly or quarterly period from June to September 2020. These credits will support businesses to retain staff through the pandemic. More information, see Cash Flow Boosts.
Economic Survival Package
The Victorian Government has established an economic survival package to support Victorian businesses and workers through the devastating impacts of the COVID-19 pandemic. The $1.7 billion Economic Survival Package complements the work of the Federal Government.
The package includes the following key programs:
- Payroll Tax Refunds – Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019/20 financial year waived. The State Revenue Office will contact eligible businesses if they have already paid their payroll tax.
- Liquor Licence Fees waived- renewable liquor licence fees for 2020 will be waived and businesses that have already paid will be reimbursed.
- Land Tax Deferral – for landowners that have at least one commercial property. The Victorian Government has established a $1.7 billion Economic Survival Package to support Victorian businesses and workers though the COVID-19 pandemic.
- Business Support Fund- A $500 million fund for businesses in hardest hit industries including hospitality, tourism, accommodation, arts and entertainment, and retail. This program is to support small businesses in the sectors hit hardest by the coronavirus (COVID-19) pandemic so they can survive and keep people in work. $10,000 grants are available to eligible small businesses.
An additional assistance package was announced on 5 May 2020. The Victorian Government will provide a further $491 million in tax relief to help save businesses and jobs, and freeze a host of fees, charges and levies to reduce the financial burden on households in another package to support Victorian businesses, workers and families through the coronavirus crisis. See details here.
Premier Daniel Andrews announced a $500 million package aimed at giving certainty to residential and commercial tenants and landlords, while they struggle with the unprecedented economic disruption caused by the coronavirus pandemic.
Tenants and landlords who struggle to strike a deal over rent reductions will be given access to a fast-tracked dispute resolution service, with Consumer Affairs Victoria or the Victorian Small Business Commission mediating to ensure fair agreements are reached.
To provide much needed peace of mind and security, evictions will be banned for residential tenancies for six months, except in some circumstances. Evictions will also be banned for six months for the non-payment of rent for commercial tenancies involving small and medium-sized businesses. Rental increases will also be banned for commercial and residential properties for the same period.
Consistent with the National Cabinet agreement to implement a mandatory code of conduct for commercial tenancies, the Government will also urgently legislate so that eligible small and medium sized businesses can be granted rental waivers or deferrals.
Businesses are eligible for these measures if they have an annual turnover under $50 million per year and have experienced more than a 30 per cent reduction in turnover due to coronavirus.
Emergency Measures Legislation
Emergency measures to support Victorians, save lives, protect businesses and jobs, and continue delivering vital government services during the coronavirus pandemic have passed Victorian Parliament. Amendments to legislation were passed 23 April. See details here.
To encourage landlords to do the right thing by their tenants, the Government will provide $420 million in land tax relief. If a landlord provides tenants impacted by coronavirus with rent relief, they will be eligible for a 25 per cent discount on their land tax, while any remaining land tax can be deferred until March 2021.
Commercial tenancies relief scheme
As announced on 15 April 2020, the Victorian Government will immediately introduce a commercial tenancy relief scheme to alleviate the financial hardship faced by tenants and landlords as a result of COVID-19.
Creative Industry Support
A $16.8 million survival package will provide immediate support to Victorian creative organisations and individuals to sustain employment, develop new works and provide opportunities for creative community participation.
Separately, a new $2.2 million– Sustaining Creative Workers – will offer quick response grants for Victorian-based independent creatives and micro-organisations with at least five years of professional experience. Grants of $5,000 will be available for individuals, and $10,000 for micro-organisations and businesses. An additional $2,500 in access funding will be available for creatives with a disability, and disability-led organisations. Details here.
Additionally, information about City of Port Phillip Art Response Grants can be accessed here.
Support for Pubs, Clubs and Restaurants
On 3 May Victorian Government announced that $40 million from the Business Support Fund will be available to licenced venues with an individual annual turnover of up to $50 million, but who are not covered by the Commercial Tenancy Relief Scheme, for rent relief. Free mediation services which are available through the Victorian Small Business Commission available under the Commercial Tenancy Relief Scheme will be extended to all tenants who hold a liquor licence, regardless of their size – helping tenants reach agreement with their landlord regarding rent relief during the pandemic. Access more details here.
For more information call Business Victoria on 13 22 15.
Information and resources can also be accessed on the Government's Business Victoria Support for Business page