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Extension Grants | Business Costs Assistance Program & Licensed Hospitality Venue Fund

alfcouceiro_img2
Published by:
Alf Couceiro
Published on:
August 10, 2021
Business Costs Assistance Program Round Two July extension and Licensed Hospitality Venue Fund 2021 July extension now available for application

On 30 July 2021, the Victorian Government announced the introduction of the following extension grants:

  • Business Costs Assistance Program
  • Licensed Hospitality Venue Fund

Business Costs Assistance Program Round Two July extension

During Lockdown 4.0, the Victorian Government introduced the Business Costs Assistance Program Round Two.

On 30 July 2021, the Victorian Government announced the introduction of the Business Costs Assistance Program Round Two July extension.

In order to be eligible for the grant, the business must satisfy the following criteria:

  • The business must operate in Victoria
  • The ANZSIC code of the business must be contained in this list of eligible industry sectors
  • The business must have incurred costs as a result of the July lockdown measures and must not be able to operate remotely
  • The business must have an annual payroll of under $10M for the 2020 financial year
  • The business must have an ABN and be registered for GST on 15 July 2021

Those businesses that previously received a grant under the Small Business Costs Assistance Program will not be eligible to apply for a grant under the current program.

These businesses will automatically receive a grant of $4,800 under the Business Costs Assistance Program Round Two July extension.

Applications are now open via the Department of Jobs, Precincts and Regions website and will close on 13 August 2021.

Licensed Hospitality Venue Fund 2021 July extension

Similarly to the Business Costs Assistance Program Round Two, the Licensed Hospitality Venue Fund 2021 was also introduced during Lockdown 4.0. Similar to the Business Costs Assistance Program Round Two July extension announcement, the Victorian Government has also announced the introduction of the Licensed Hospitality Venue Fund 2021 July extension.

The grant will only be available for those businesses that did not previously receive a grant under the Licensed Hospitality Venue Fund 2021.

To be eligible for the Licensed Hospitality Venue Fund 2021 July extension grant, the following conditions need to be satisfied:

  • The business must operate a licensed bar, restaurant, pub, club, hotel, cafe or reception centre that is registered to serve food and alcohol (Premises) located in Victoria on 15 July 2021
  • The business must hold a general or late night (general), full club, restaurant and cafe, producer’s or on-premises or late night (on-premises) liquor licence as at 15 July 2021
  • There must be a food business (which may be a third party or the Applicant) holding a Class 2 or 3 Service Sector Certificate of Registration that is valid in 2020 or 2021 under the Food Act 1984 which serves food on the same Premises
  • The business must not have received a Licensed Hospitality Venue Fund 2021 grant for the same premises (these businesses will automatically receive the grant payments without having to make an application).

The amount of the grant available is $7,200. Business Victoria will be sending application forms for the grant to the licensee’s eLicence email address.

Liquor licensees without an eLicence will be required to set one up via the Liquor Portal in order to receive an application form. Applications are required to be made by 13 August 2021.

Need help?

Applying for your support grant can be confusing. If you’re feeling overwhelmed about your grant application or want help to prepare needed documents, we can assist.

Our Modoras professionals can help you confirm your eligibility for assistance, prepare your funding application, or offer guidance and advice.

Simply call us on 1300 8888 803 or book an appointment with a Modoras professional. We’ll take care of you.

We’re still open!

Despite the lockdown, your Modoras team remains committed to your financial confidence.

While our office may be closed, we will still be holding appointments via Zoom or over the phone.

Should you have any queries please contact us. We are here to serve you.

Need help on processing your covid-19 support grants? The Modoras team is here.

IMPORTANT INFORMATION: This blog has been prepared by Modoras Accounting (VIC) Pty Ltd ACN 145 368 850. The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Accounting (VIC) Pty. Ltd. recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Accounting (VIC) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Accounting (VIC) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Accounting (VIC) Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication. Liability limited by a scheme approved under Professional Standards Legislation.

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