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When will COVID-19 business support end in Victoria, NSW and ACT?

Business support payments and one-off cash grants are coming to an end in New South Wales, Victoria and the ACT.

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Government business support is tapering off in Victoria. Is it enough?

The government has released details on how COVID-19 business support payments will stop in Victoria. For some small businesses, it doesn’t go far enough.

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Reopening roadmap: High profile CEOs pen open letter to governments

Reopening roadmap: High profile CEOs pen open letter to governments
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JobKeeper, stimulus package: Industry groups call for urgent support

Melbourne's Queen Victoria Market. Source: Unsplash/Linda Xu
Industry group leaders have appealed to the government for a boost in urgent support to businesses struggling under the current prolonged lockdowns in Sydney and Melbourne, with calls for the return of JobKeeper, leasing support, and a stimulus package.
Government assistance is urgently needed for businesses in NSW and Victoria, according to the National Retail Association (NRA), Franchise Council of Australia (FCA), and Australian Convenience Stores Association (AACS).
The coalition of peak industry bodies released a statement on Thursday, saying businesses in Australia’s two largest states were ‘desperate’ for additional government support.

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How the pandemic will affect the Australian economy for decades to come

Melbourne's Queen Victoria Market. Source: Unsplash/Linda Xu
Australia’s economy will limp along after recovering from the pandemic, failing to regain the growth it had either in the years leading up to the crisis or the much higher growth in the decades before.
That’s the consensus of the 23 leading Australian economists assembled to take part in The Conversation’s July 1 forecasting survey — a panel that includes former Treasury, Reserve Bank and International Monetary Fund officials and modellers, as well as policy specialists from 13 Australian universities.
On balance, the panel expects year-average economic growth (the measure reported in the budget) to slide from 4% this financial year to just 2.2% by 2024-25, well below the average of 2.6% assumed in this week’s intergenerational report.

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It's time for the Victorian government to listen to small businesses

Victorian small businesses are hurting from ongoing COVID restrictions. It's time the government paid attention.

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