Business and Community Sport Flood Recovery Grants program

On Wednesday 9th November, the Victorian Government’s Business and Community Sport Flood Recovery Grants program was launched. The key features of the program are:

• It is jointly funded by the Commonwealth and Victorian Governments under the Disaster Recovery Funding Arrangements in relation to the Victorian Floods which commenced in October 2022 (AGRN 1037) (the “2022 Victorian Floods”).

• It provides up to $50,000 grants to small businesses, not-for-profit and community sport and active recreation organisations that have suffered direct loss or damage from the 2022 Victorian floods.

• The objective is to support clean-up, relief and recovery costs for eligible business and/or organisations.

• Applications for this program will close at 4:00pm on 1 May 2023 or when funds are exhausted, whichever is sooner.

Further program details can be found here:

• program webpage

• program guidelines

• frequently asked questions (FAQs)

It is noted that, in the instance of a non-employing business (e.g. sole trader who has no employees), the business owner must derive at least 50% of their income from the business, as evidenced by a ‘Qualified Agent’ (using the required template for the program). Qualified Agent is defined as including a registered Tax Agent who belongs to Tax & Super Australia.

–‘Featured photo from Sheppnews’