Global Trade Alert
Global Trade Alert

Australia: Victoria announces a new support package to help businesses confront the impacts of the COVID-19 outbreak

Announcement

13 Sep 2020

In September 2020, the authorities of the Australian regional government of Victoria announced a new support package of AUD 3 billion (USD 2.18 billion) to help Victorian companies confront the negative economic effects of the COVID-19 outbreak. Some of the measures announced were of GTA relevance. 

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

01 Jan 2021

Revocation date:

No revocation date

Tax or social insurance relief

On 13 September 2020, the Australian regional government of Victoria approved a tax waiver for liquor licencing fees for the 2021 fiscal year. The new measure affects licensed companies that serve foo...

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Implementation date

18 Sep 2020

Revocation date:

No revocation date

Financial grant

On 13 September 2020, the Australian regional government of Victoria allocated AUD 822 million (ca. USD 599 million) to launch the third round of the Business Support Fund program. This scheme provide...

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Implementation date

13 Sep 2020

Revocation date:

No revocation date

Financial grant

On 13 September 2020, the Australian regional government of Victoria launched the Licensed Hospitality Venue Fund with a total budget of AUD 251 million (USD 182.8 million). The scheme provides grants...

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Other export incentive In force

On 13 September 2020, the Australian regional government of Victoria approved an export recovery package with a budget of AUD 15.7 million (USD 11.4 million). According to the announcement, the object...

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