Despite the warm reception from business for the government’s rescue plan, the state’s 412,000 sole traders must wait several more days to see the details of the relief planned for them.
The government said it was putting the final touches to the “complex” task of developing a support package for such a large and diverse sector.
The new state spending includes $1.1 billion in cash grants for small and medium-sized businesses and a $251 million Licensed Venue Fund targeted at the hospitality sector offering grants of up to $30,000.
There will be more payroll tax relief, with this years payments deferred for businesses with payrolls up to $10 million, $20 million for small businesses to power up their e-commerce efforts and grants of u…
Read the full article at: https://www.smh.com.au/national/victoria/debt-fears-over-victoria-s-3b-business-relief-plan-20200913-p55v7t.html