The Victorian government has released limited details of the Business Cost Assistance Program Round 4 – Construction, providing financial assistance to businesses in the construction industry, which were impacted by the recent Covid-19 mandates.
Key eligibility criteria are as follows:
Businesses must have a worksite located in metropolitan Melbourne, the City of Greater Geelong, Mitchell Shire or Surf Coast Shire.
Businesses must have incurred direct costs because of restrictions in place between 21 September – 4 October, which have not been partially or fully recovered.
Business must not have been able to operate remotely between 21 September – 4 October.
Must not have received a Business Costs Assistance Program Round 2 or Business Costs Assistance Program Round 2 – July extension payment, or Small Business COVID Hardship Fund payment
The program is expected to open on 5th November 2021.
Businesses will need to fall within specified industries (based on ANZSIC code) to qualify for a one-off payment of $2,000 for eligible non-employing construction industry businesses, and one-off amounts of $2,800, $5,600 or $8,400 for eligible employing construction industry businesses, based on payroll size.
(Source RDL Accountants and Business Victoria)