Global Trade Alert
Global Trade Alert

Australia: Victorian government approves new fund to support businesses affected by the COVID-19 outbreak

Announcement

21 Mar 2020

The Australian regional government of Victoria announced an economic package to support businesses affected by the Coronavirus pandemic. One of the key announcements was the allocation of AUD 500 million to support SMEs from the hospitality, tourism, accommodation, arts and entertainment, and retail sectors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Mar 2020

Revocation date:

01 Jun 2020

Announced: 21 Mar 2020
Financial grant
On 21 March 2020, the Australian regional government of Victoria announced the creation of the Business Support Fund to assist SMEs affected by the Coronavirus outbreak. The total budget announced was...
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