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. 

Source

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2021

Revocation date:

31 Dec 2021

Updated: 13 Sep 2020
Tax or social insurance relief
<p>On 13 September 2020, the Australian regional government of Victoria&nbsp;approved a tax waiver&nbsp;for liquor licencing fees for the 2021 fiscal year.&nbsp;The new measure affec...
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Implementation date

18 Sep 2020

Revocation date:

23 Nov 2020

Updated: 13 Sep 2020
Financial grant
<p>On 13 September 2020,&nbsp;the Australian regional government of Victoria allocated&nbsp;AUD 822 million (ca. USD 599 million) to launch the third round of the Business Support Fund p...
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Implementation date

13 Sep 2020

Revocation date:

No revocation date

Updated: 13 Sep 2020
Other export incentive In force
<p>On 13 September 2020, the Australian regional government of Victoria approved&nbsp;an&nbsp;export recovery package with a budget of AUD 15.7 million (USD 11.4 million).</p> <...
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Implementation date

13 Sep 2020

Revocation date:

23 Nov 2020

Updated: 13 Sep 2020
Financial grant
<p>On 13 September 2020, the Australian regional government of Victoria launched the&nbsp;Licensed Hospitality Venue Fund with a total budget of AUD 251 million (USD 182.8 million).&nbsp...
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