Victoria seems to have been the fastest acting state, also one that sends regular and meaningful updates.

Their $1.7 billion measures include the following:

Payroll Tax Refund

Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. This will support 24,000 businesses and up to 400,000 workers.

The State Revenue Office will directly contact eligible businesses to reimburse them for payroll tax already paid in the financial year.

Eligible businesses must continue to lodge returns but do not need to make further payments for this financial year.

These businesses can also defer paying payroll tax for the first quarter of the 2020-21 financial year.

You should have already received email in your inbox how to get the refund.

 

Liquor licence fees waived

Renewable liquor licence fees for 2020 will be waived. Businesses that have already paid will be reimbursed.

The State Revenue Office will administer the reimbursement, regardless of whether the licence fee was paid to it or the Victorian Commission for Gaming and Liquor Regulation.

 

Business Support Fund

The $500 million Business Support Fund will support the hardest hit sectors, including hospitality, tourism, accommodation, arts and entertainment, and retail.

The Government will work with the Victorian Chamber, Australian Hotels Association and Australian Industry Group to deliver the Fund, which will help these businesses – which may not be eligible for payroll tax refunds due to their size – survive and keep people in work.

 

Working for Victoria Fund

Under the $500 million Working for Victoria Fund, displaced workers will be eligible to apply for different types of work. This presents opportunities for paid work and an opportunity to contribute to Victoria’s ability to manage this event and support the community.

Some displaced workers will have skills that can be readily transferred to new roles. The Government can also assist skills development or help people in obtaining immediate accreditation to commence work.

The Government will work across the public sector, local government, the not-for-profit sector and key private sector employers to facilitate job matching.

 

Land tax deferral

Landowners that have at least one non-residential property and total taxable landholdings below $1 million have the option of deferring their 2020 land tax payment until after 31 December 2020.

The State Revenue Office will contact all taxpayers who are eligible for this deferral.

 

Fast tracking outstanding supplier invoices

The Government will pay all outstanding supplier invoices within five business days – releasing up to $750 million into the economy earlier. The private sector is urged to do the same where possible.

 

Rent relief for commercial tenants in government buildings

The Government will work directly with commercial tenants in government buildings who can apply for rent relief. Private landlords are also being encouraged to provide rent relief or holidays to help businesses.

For Victorian hotline call 13 22 15

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